Total of 18656 firms and businesses for sale today Sunday 28th April 2024
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Sold. Steel Engineering & Fabrication Company

LISTING DETAILS
Firms For Sale ID:
34007
Vendor reference:
IS047
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£149,000  
Turnover / revenue:
£374,000
Net profit / cashflow:
£83,000
Years established:
40
Number of employees:
5
Employees / staffing:
The vendors, a husband and wife team, work full time in the business. The business also employs 5 full time skilled workshop operatives (including foreman, fabricator, welder/platers etc.). Staff are highly skilled are able to multi task.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owners would be happy to provide full training and support at handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Steel Engineering & Fabrication Company
CE Accreditation Pending
Ref.IS047
Location Nottinghamshire
Asking Price GBP 149,000
This well established and reputable business was set up by the vendors almost 40 years ago and in that time has grown into a highly skilled and professional steel engineering and fabrication company providing its clients with a diverse range of products and services.
The majority of products supplied are manufactured in steel material to meet customer specification. The company provides a complete turnkey solution from initial design through to supply and installation.
The company supplies direct to the end user/manufacturer and their approved contractors and as such can boast some prestigious blue chip companies (both public and private sector) amongst its clientele. Typical products this business supplies include:
Steel staircases, walkways, fire escapes. balustrading, ladders and handrailing
Conveyor equipment
Structural and secondary steelwork inc. hoppers and chutes
Sheet steel fabrications
Agricultural equipment
Welding services including onsite erection.
The business has a highly skilled workforce and manufactures and supplies to exacting standards. Its infrastructure is such that it can meet the most demanding customer requirements.
The business has built up a sterling reputation based on quality, knowledge and superior product design and manufacture . The company currently carries out pretty much all production in house.This ensures excellent quality control and superior product delivery.

Expansion Potential
Even though the business is well established there are significant opportunities to expand. The company does not employ any dedicated sales representatives nor does it have a catalogue to supply architects/specifiers/contractors and end users illustrating the products it can supply. The vendor has never proactively chased work; he has been totally reactive to the ongoing demand. A more proactive approach could significantly increase revenues as the products and services it provides are always in demand

The business has spare capacity in terms of infrastructure.

Market / Competition / Non-Competition Agreements
The business has a basic yet informative website showcasing the type of products and services it can provide.

The business also utilises the services of an external company to aid in its digital marketing to an extent but still tends to rely on company nominations, specifications, referrals and the best form of advertising, word of mouth recommendations. It enjoys high levels of repeat business from a loyal customer base.