Hydraulic Engineering and Chrome Plating Business For Sale

Business description

Turner Butler is delighted to be appointed as sole selling agents for this exciting business opportunity.

This family owned and run company has grown organically over the last 30+ years and specialises in the repair of varying sizes of hydraulic rams, which includes their ability to provide a hard chrome plating service as part of the package. The company operates in a sector of industry that is shrinking, this is due to the specialist and labour intensive nature of the work, and yet demands for its services are growing with greater usage in machinery of the very rams that they are able to repair. Their ability to offer the chrome plating part of the repairs gives the business a massive edge in providing a one stop shop for an enhanced range of repairs and, through not requiring the services of an outside source of chrome plating, shortening the costly downtime period for the machinery affected.

The repair of hydraulic rams provides a huge saving potential for the end user and, although down time for the machinery involved has to be calculated in to the equation, this company has always prided itself on its ability to provide as rapid a turn round as possible, dependant entirely on the nature and extent of the repair. With a cost factor of up to several thousands of pounds for new replacement units, it can easily be seen how the cost benefits are derived.

The chrome plating provided is of the hard non decorative variety used as a standard finish on newly manufactured rams. Indeed their ability to offer this facility is a rarity in the currently eco sensitive climate, where permission for a new facility would be very difficult to attain, thus rendering a distinct trading advantage to the business. During their lengthy history the family has developed an excellent working relationship with its customer base and they are truly valued for their traditional approach to their business.

When required by their customers, the company will undertake general engineering and grinding work also.

The business has provided a good living for the family during its long trading history and has enabled them to attain the freehold of their premises over that period.

Although the business is to be sold due to the health situation of the Father, it is worth mentioning that the son of the family is happy to be retained by the new owner, if required, thus adding an all important continuity link with the current customer base.

Property information

Property:

Freehold

Location:

This fully serviced freehold site extends to 0.3 acres approximately, with circa 3000sq.ft. of constructed and alarmed space for the factory, stores and offices. The premises are located with road frontage in a residential area of this traditionally industrial town. The freehold value is felt by the Vendor to be worth circa £250,000, with the balance of the asking price being for the goodwill and machinery etc. of the business.

Other information

Competition / Market:

As stated previously, the company has been run in a very traditional and friendly manner. The Directors have never felt the need to mount expensive advertising campaigns, or indeed the development of, say, an Internet Website. This may also be seen as an opportunity by the new owner.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

The Directors now wish to sell the freehold and the business due to the wish of the Managing Director to retire, due to a health condition.

Trading hours:

Monday – Friday: 8.30am – 4.30pm.