Asking price: £60,000 Annual Turnover: £97,991 Annual Net Profit: £7,465
Intelligent Business Transfer are delighted to have been appointed to oversee the sale of a business that has demonstrated strong annual growth in a specialised niche market and still has so much untapped potential.
The business is an impressive proposition. The current turnover is generated by the owner without any additional staff or facilities. There is a simple website but no money is spent promoting the business through advertising and most existing trade arises from repeat business and warm word-of-mouth recommendations. A new owner would be able to expand the business by extending the service to the hydraulic component industry, too.
The vendor established the business 18 years ago and is now looking forward to a well-earned retirement.
A new owner could take over operations straight away and enjoy an immediate return on their investment, thanks to the significant existing trade, or might choose to expand and create an even more profitable business model. It is thought the business would appeal to other similar businesses looking to extend their geographical reach.
The vendor would be prepared to stay on to assist with the transition for up to two years, if required.
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