Total of 18656 firms and businesses for sale today Saturday 20th April 2024
Sold. Electrical Control Panels Builder/manufacturer
LISTING DETAILS
Firms For Sale ID:
28804
Vendor reference:
GK222
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£600,000
Turnover / revenue:
£881,000
Net profit / cashflow:
£198,000
Years established:
1982
Trading hours:
The business operates a 39 hour week (Monday to Friday) plus overtime, as and when required.
Number of employees:
7
OTHER DETAILS
Reason for selling:
The vendor has worked in the industry all his life and is now in a position where he wishes to spend more time with his family. Our client also believes the business has reached the point where it requires a new injection of business acumen and energy to take it through its next period of growth and maximise the opportunities at its disposal.
Support and training:
The owner is happy to provide full business familiarisation and handover to ensure continuity of trading and a seamless transistion, also being prepared to remain for an extended period of time if required, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business currently operates from leasehold premises. The current lease is for ten years and expires in 2015. Annual rent is circa £13,860 per annum. Rates are circa £5,512 per annum.
The business is located on a small industrial estate and comprises of ground floor offices, workshop and dispatch area. Total floor space is circa 2,500 square feet. There is parking for 6-7 cars.
The business could easily be relocated if required without any disruption to the business.
BUSINESS DESCRIPTION
Electrical Control Panels Builder/Manufacturer
Ref.GK222
Location West Yorkshire
Asking Price £ 600,000
Established over 30 years ago, this highly respected and professional company provides a comprehensive service to a diverse range of customers, building and manufacturing electrical control panels for use in a variety of different process environments.
This company provides a complete build solution to clients on a regional and in some cases national scale, having vast experience in all aspects of control panel building. Systems are supplied that are suitable for most operating environments, taking into account climate conditions, cable entries, building access and control philosophy, so much so that many of the panels it builds are subsequently deployed throughout the world.
The company prides itself on the quality of its products, engineering knowledge and consistent delivery of services. This is illustrated by the fact that it is an approved supplier to a large number of blue chip customers who have been with the business for many years. The business has some 15-20 regular clients who provide consistent levels of business in terms of new installations.
Typical applications include control panels for industrial washing machines (food industry), liquid filling machines, industrial ovens(food industry), incineration, bulk handling, grain dryers, industrial autoclave systems, packaging machines and can-making machines.
The company services customers who operate locally, nationally and overseas yet are generally based within a 30 mile radius of its current location, tending to deal with the machine builders and providing the electrical control panels. Typical panels can be small wall mounted enclosures right through to floor standing wardrobe type enclosure suites up to 5 metres in length and 2 metres high. The company also manufactures small pneumatic control panels
Expansion Potential
The business has a regular revenue stream and a large customer base ripe for future development. Further investment and expansion would offer potential for the business to expand its operation further afield. The business does very little in the way of proactive sales and has a customer base ripe for further account development.
Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise, preferring to rely on referrals, repeat business and word of mouth recommendations to generate revenue. As a trusted and respected supplier to many companies the business has a steady stream of invitations to tender.