Engineering companies for sale in North East England

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 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Leasehold Price: Offers Invited
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Business Description
Business Summary

- Outstanding opportunity to acquire a specialist pneumatic control and compressed air equipment distributor.

- Two trade outlets serve the North of England and the Midlands whilst global sales are achieved via two websites.

- A specialist division of the company deals with pneumatic control equipment for the transport industry.

- The specialist range of carefully selected products extends to over 26,000 items.

- The company has been one of the principal distributors for the UK’s leading pneumatic control equipment manufacturers for over 20 years.

- Founded in 1991, the company has had to expand the size of both geographic operations over to time to meet demand.

- The company has a very diverse customer base both in the UK and internationally many of whom are long-standing.

- The company dealt with over 500 customers within the last financial year – approximately 30% of these were through an ever increasing online retail channel.

- Key employees possess specialist and wide reaching product knowledge and engineering and support capabilities.

- The acquisition of the business would be of interest to companies with a similar operation, “single source” organisations or companies with similar technical know-how in areas such as hydraulics or electronics.

Products & Services

The company’s 26,000 product lines include:

- Pneumatics equipment including control equipment for the transport industry
- Industrial Equipment
- Air Compressors

Services offered include:

- Full refurbishment and testing
- Compressor Servicing
- After-sales service and repairs
- Preventative Maintenance
- Pipework installations
- Specialist services i.e. Pneumatic Circuit Design
- Full Breathing Air quality testing

Employees

- The Managing Director and Director (the vendors) manage a workforce of 13 predominantly long-serving and highly experienced employees, across the two branches.

Premises

- The company operates two branches, one in the North of England and one in the Midlands.

- The company owns the freehold of the northern branch which measures 3,000sq.ft. These premises were recently valued at £180k and the rates are £6,960 per annum.

- The Midlands branch is on a three year lease (with two years remaining). The rent is £10,000 per annum, and the rates £4,368.

Reason for sale

- The vendors are looking to retire but will support a transition of the business into new ownership.

Financial overview

Year ending 30th June 2015:

Sales revenue £1,619,310
Gross profit £ 506,083 (31%)
Adjusted EBITDA £ 154,772 (10%)

Offers Invited
Tenure: Leasehold

Location Details: And Midlands

Downloadable Documents

Listed by: Hornblower Business Brokers Ltd
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