Price:
Freehold - £950,000
Leasehold - £375,000
Business Type:
Corporate Businesses, Manufacturing companies, Service Businesses
Advent Business Sales are pleased to offer to the market this extremely well established and profitable name plate business.
The business, which has been trading for over 50 years has been in the hands of the present vendors for almost 7 years and is only now being reluctantly offered for sale due t their ill health.
Our client has built an excellent reputation and enjoys a high percentage of repeat custom from their national customer database.
The business specialises in the manufacture of both metal and plastic name plates for a wide variety of end users, many of whom are well known blue chip businesses.
The business is fully equipped for purpose and includes:
2 x GPE mini printing machines
2 x small silk screen printers
Vinyl cutting lathe
Cameo semi automatic silk screen printer
Numerous fly presses
Sandt hydraulic clicking press
Many bench drills and guillotines
Wilcox surface grinder
Spark eroder
2 x compressors
3 x acid etching machines
Pedestrian forklift truck
A web site is currently being constructed and once completed will add a huge benefit to this ever growing business.
In addition to our client, the business employs 5 full time staff and 1 part timer who work approx 20 hours per week. In the last financial year to December 2007, they achieved annual sales of £339,000 with a gross profit of £173,000 and excellent reconstituted net profits of £109,000.
The vendor is willing to offer his assistance during a hand over period to ensure a smooth transition and to effect introductions to staff and customers.
We are advised that stock at cost is approximately £5,000.
REF: 9201B
EXPANSION POTENTIAL:
Whilst already a successful business, there is still huge scope to increase sales and profits further by:
1. Ensuring the web site is completed as soon as possible
2. Approach the breweries who are huge end users and who they do not currently supply
3. Employ a sales representative or sales agents on commission to approach potential new customers
4. Advertise – the business currently only uses the free Yellow Pages ad.
Please complete the attached confidentiality agreement to ensure a prompt response to your enquiry
Disclaimer:
Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.
N/B:
All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The business is well located within a small industrial area which is only approximately 1½ miles from Birmingham city centre.
Parking is free of charge on street with pay and display car parks nearby.
TENURE: Freehold/Leashold
Mon-Thurs: 7.15am – 4pm
Fri: 7.15am – 12.15
North Yorkshire
£ 750,000
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