Engineering companies for sale in West Midlands

View the "Manufacturer of Own Car Accessory Range" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £325,000 Price Reduced Annual Turnover: £525,000 Annual Net Profit: £82,000
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Business Description
A manufacturer with its own range of after-market automotive accessory is exclusively offered for sale by Anderson Shaw Corporate Finance Ltd. Established over 30 years ago and located in the West Midlands, the business successfully competes with household brands, both online and selling directly to trade. Online reviews for both product and customer service are excellent.

The business occupies 7,500 square feet of factory space, owned by the vendor, although the amount of space required can probably be reduced. The vendor is flexible over future lease arrangements.

There are 5 fulltime employees who run the business very capably on a day to day basis, with the vendor very much fulfilling a part-time strategic role. The technical / engineering knowledge required is limited, with business acumen and development skills of greater importance.

Sales for the current year and 2016/17 are expected to be around £475k and £525k, delivering an adjusted EBITDA of £60k and £80k respectively. The guide price for 100% shares is £325,000, to include a debt free, cash free Balance Sheet (expected to be around £130,000 of net assets)
Tenure: Leasehold

Listed by: Anderson Shaw Corporate Finance Ltd
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