Engineering companies for sale in West Midlands

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £800,000 Annual Turnover: £2,700,000 Annual Gross Profit: £478,000
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Business Description
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.

Since its inception in 1991, this ever growing company has been dynamically driven and carefully managed by its Directors, by fully utilizing their 28+ years of generic experience in the same field.

Although the company undertakes all levels of work within its sector, both private and commercial, they have developed something of a specialized niche in taking on major contract work for large companies working at a national level, and sometimes involving over 1000 properties. This work tends to be refurbishment and new build work i.e. from wet rooms through to bathrooms and kitchens etc.

So successful have they been at winning and completing these contracts both on time and on budget, that they continue to secure more and more contracts of similar types. This type of contract work now represents approximately 80% of their total spread of work, and has been gradually growing over recent years due to the company’s excellent reputation for their quality of workmanship and their proactive approach to solution provision.

As you would expect, the company is fully Gas Safe registered and compliant, as well as being RECC, MCS, Watermark and Constructionline registered.

With a genuinely growing business portfolio, in a market place where reverse trends are becoming more common, the acquisition of this business will appeal to perhaps other companies in the same or parallel sectors, who could add the turnover directly to their own and, whilst amortising overhead ratios, increase bottom line profitability.

Current contracts include a new 3 year contract(which has the option to extend to 7 years) that has an estimated value of circa £1.5 Million p.a. as well as an annual contract (that the company has serviced for the last 6 years) with monthly revenues of circa £80-100,000 per month!.
Trading Hours:
Monday – Friday: 8.00am – 5.00pm

Number of Employees:

The company currently employs 16 full time and 16 part time subcontract staff.

Tenure: Leasehold

Support & Training:

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

Location Details:

The company’s short term lease premises are connected to all main utilities and are subject to a 12 month agreement with a 3 month notice period.
Current annual rental comes in at circa £10,000, with rates coming in at circa £2,000 per annum. Approximate size is believed to be circa 1950 square feet.

Listed by: Turner Butler
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