Long-time Established Manufacturer of 'British-Steel' Stillages and Scaffold Towers
Location: Yorkshire
Asking Price: OIEO £450,000 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:
Turner Butler 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 Turner Butler.
Turnover c. £910,000
Gross Profit c. £260,000
Adjusted Partnership profit: £169,000
Asking Price:
The asking price of OIEO £450,000 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
