Stainless Steel Stockholding Business For Sale

Business description

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This exciting business offering was established by its two Directors in 2004, although their generic experience within the industry stretches much further back to 25+ years. The business specializes in the stockholding of patterned and embossed stainless steel in the main, although a much smaller percentage of aluminium and mild steel is also sold through.

Through the drive, experience and knowledge of its Directors the business has developed an excellent reputation amongst its client base. The company is well established and well known in its sector, and its clients include professional specifiers, councils and architects who appreciate the company’s business model of good service, fast turn round and a flexible approach to problem solving situations.

This business opportunity will undoubtedly interest other businesses working in the same or parallel sectors, where bolt-on turnover and profits, plus an expanded client base and greater geographical coverage will seem attractive.

Equipment:

The company owns and maintains an array of equipment, machinery and racking etc in the warehousing facility. It also owns an inventory of office equipment and machinery, all of which is necessary and used in the daily operation of the business. It is anticipated that all such inventory would be included in a successful sales package.

Customer Service:

As previously mentioned the company has built an excellent reputation based on its business model of good service provision, fast turn round schedules and a flexible approach to problem solving.

Key Opportunities:

The key opportunity here is the ability for a similar but possibly larger operator in the same or similar field, to acquire the company, bolt-on their turnover, amortise overhead ratios and increase profitability.

Property information

Property:

Leasehold

Lease terms:

The current lease runs until 2013 with a break in 2010. The current annual rental is circa £ 8,750, with rates coming in at circa £3,300.

Location:

The fully serviced leasehold premises are a factory unit in a development of similar properties. The premises consist of the factory/ warehouse facility on the ground floor, with offices being located on the upper floor. The current lease runs until 2013 with a break in 2010. The current annual rental is circa £ 8,750, with rates coming in at circa £3,300.

Other information

Competition / Market:

The company has developed and maintains an Internet website. It has also produced brochures to support its product offerings. No conventional advertising campaigns have been undertaken to date and this may be seen as an opportunity by a 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 reason for sale is the Directors wish to attract a new owner with the ability for further investment in a solidly performing business. There is also the possibility for retention of one of the Directors on a consultancy basis, by separate negotiation, should the new owner wish to provide a seamless take up of the company’s business and client base.

Trading hours:

Monday – Friday: 8.00am – 6.00pm