Since 1995, the Company has supplied and installed over 50 machines in 20 or more countries across the World on most continents and is a leading player in its sector. The consumer markets it addresses are large and growing as designers demand ever more innovative effects. The unit sales value of the plant it supplies averages at about £550k but it can be over £1M.
The business is well known and respected by the key market influencers including the coatings manufacturers. There are strong prospects for growth supplying machines to existing and new markets and there is also an opportunity to increase service income and sales of spares.
The business has relatively low overheads, focusing on design, project management, assembly of bought in/specified components and installation and there 5 full time employees. The business operates out of a c 60 sq m modern factory unit in the West Midlands.
Sales in the 2015/16 Financial Year were £1.7M generating an Adjusted EBITDA of c £170k. The directors’ base forecast sees this level of performance continuing and they believe an EBITDA of £150k to £160k is sustainable. Over and above this there is every chance that the business will have sales years of £2M and above depending when contracts fall and their value.
Machines are generally built under contract with stage payments which helps cash flow.
The Base Guide Price for 100% of the shares is £595,000. The vendor is prepared to stay on for a period of up to 2 years to handover management control and to assist the new owners with technical and sales issues.
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Intelligent Business Transfer are delighted to offer for sale such a successful online business which has f...More Details
Intelligent Business Transfer is pleased to offer this opportunity to purchase a well established business....More Details