Manufacturer of Stillages and Scaffold Towers

Long-time Established Manufacturer of 'British-Steel' Stillages and Scaffold Towers


Location: Yorkshire


Asking Price: £510,000 plus Net Assets


Business highlights include:
Turnover: £910,000
Net Profit: £169,000

Asking Price Includes:
Turnover: £910,000
Gross Profit: £260,000

Adjusted Partnership Profit: £169,000


Over 40 years Trading
Fully Equipped Commercial Workshop
Highly Skilled Workforce
5 Year Product guarantee
UK Based Manufacturer



Introduction:
Broker has been appointed to invite offers of purchase of the goodwill and assets of this long-established partnership.


Business Profile:
This fully managed manufacturer of British-Steel stillages and scaffold towers has been trading for over 40 years. Benefiting from regular substantial UK wide orders from both new and repeat (long time established) customers.


Customer Service:
The business prides itself on exemplary customer service. This is borne out by continual repeat orders from its historical customer base.


Premises:
A fully equipped, 2,500 sq ft industrial unit, including an office and storage.
Annual rent, £18,000.


Key Strengths:
This man and wife partnership has been trading for over 40 years. The skilled workforce has been historically very stable and manage the business on a day to day basis.


Financial Performance:
The goodwill and assets in this partnership are being offered for sale on a going concern basis. All financial discussions will take place directly between the vendors and all interested parties under the auspices of broker.

Turnover c. £910,000

Gross Profit c. £260,000

Adjusted Partnership profit: £169,000


Asking Price:
The asking price of £510,000 plus the value of the net assets is for the goodwill and assets of the partnership. Assuming a net asset value of c. £50,000.


Reason for Sale:
Retirement