Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Electric Motor Rewind Company
LISTING DETAILS
Firms For Sale ID:
8018
Vendor reference:
IG011
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£650,000
Turnover / revenue:
£770,000
Net profit / cashflow:
£85,000
Years established:
33
Trading hours:
Monday – Friday 8.00 am – 5.00 pm
Number of employees:
8
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
Full support and training will be provided to the successful purchaser.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold with 12 years remaining on the current lease. Annual rent is charged at £27,000 with additional rates of £16,500.
BUSINESS DESCRIPTION
Electric Motor Rewind Company
Ref.IG011
Location Ashford, Kent
Asking Price £ 650,000
This business was formed in 1977 as an electric motor rewind company and are distributors and resellers for a large number of major manufacturers across four main product areas, namely electric motors, industrial and commercial pumps, geared motors, and AC & DC drives. The customer base is UK wide with a growing number of overseas customers. The company have around 2,000 stock motors and pumps for next day delivery in UK, supported by many more manufacturers UK stockholdings.
The company has a repair and service centre and a fully equipped workshop which can accept machines for repair up to 3,500kg and services an area East of the M23 and South of the river Thames. The Sales team are specialists in different product areas and have the full technical support of all manufacturers.
Through the workshop the business is able to rewind AC & DC motors up to 3.5 tonnes in weight and are an approved ATEX motor repairer. Where possible the manufacturer’s parts and all bearings used are of the highest quality
Expansion Potential
With further investment there is an excellent opportunity to build on the existing groundwork of this company, the market is buoyant and the potential for future growth is high.