Engineering companies for sale in Worsley

View the "Precision Engineeering in Industrial Gases and Cryogenic Systems For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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S Martin (Feb 2013)
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Asking price: £399,950 Price Reduced Turnover: £475,354 Gross Profit: £295,628
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Business Description
BUSINESS
Hilton Smythe introduces to the market Advanced Engineering Ltd.  This unique business specialises in precision engineering specialising in industrial gases and cryogenic systems.

Almost all of the work is installation on customer’s sites and depots though out the UK.  The business also offers maintenance on pumps; compressors etc. and offers a small percentage of call out services for customers.  The company also carries the installation of High Pressure Pipework including Oxygen, Argon, Nitrogen, Helium and Hydrogen – to name a few!

This highly profitable business run by a successful husband and wife team was established 14 years ago and operated from an industrial building at their home address.  Therefore, the business only is for sale and is wholly transportable as the current owners are looking to relocate.  This is a fantastic opportunity for other engineers looking to diversify or expand, or it may be of interest to venture capitalists.

The installation contracts have been built up through a combination of reputation and word of mouth, and the business has an impressive portfolio of blue chip clients such as Rolls Royce, British Aerospace, Air Products, Air liquid and other industrial gas companies in addition to 8 beer gas companies. There is the possibility of developing the business further with the introduction of marketing or development of a website.

Please contact Hilton Smythe for further information on this fantastic, rarely seen business opportunity.



PREMISES
There are no premises included.

TENURE
Business only.

STAFF
This is a family owned and operated business by a husband and wife team who are Director and Secretary with 3 staff members.

FINANCIAL PROFILE
The reported annual turnover is a very healthy £475,000 with reported gross profit circa of 62% as per 2015 accounts.  Our Clients joint salary is £270,000 per annum.  

Our Client advises they would be happy to agree a transitional period after completion for at least six months, terms to be negotiated.

The equipment and tools have a value of around £55,000 and stock around £22,000, all of which are included in the sale price

Our Client advises they would be happy to agree a transitional period after completion for at least six months, terms to be negotiated.

The equipment and tools have a value of around £55,000 and stock around £22,000, all of which are included in the sale price.





Listed by: Hilton Smythe
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