Engineering businesses for sale in Gloucester

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Y. MacGregor (Nov 2017)
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Leasehold Price: £200,000 Annual Turnover: £250,000
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Business Description
Well established and highly reputed business
Genuine reason for sale due to retirement
Advised annual turnover of £250,000
Scope for further development

Meridian Business Sales are delighted to offer to the market this specialist Hydraulic Servicing Business to the market which was established by our client in 1994. Our client is reluctantly offering the business to the market, due to a desire to take well deserved retirement. Since the business was established our client has invested time and money into the business together with continually developing and improving the business, introducing new lines an income streams which has enhanced the business massively. The main trade of the business is preventative maintenance and installation services. The business has been run at a pace that suits their lifestyle, meaning that there is massive scope for a new, hands-on owner operator to further develop the business. Our client informs us that the annual turnover runs at £250,000 with a gross profit of £153,000 which is derived from supplying hoses, hose assemblies, tube, adaptors, fluid fittings, components and accessories, covering the full hydraulic and pneumatic range together with hydraulic related services and currently has contracts for Downty/Delphi. The business currently offers garage equipment surveys in the local area and there is huge potential to increase customers throughout the UK which may increase income; this is an area that could be potentially beneficial by an advertising campaign and internet marketing which could possible increase sales and the client bank. This is a long established and well respected business and enjoys a strong reputation with in the trade. This is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is highly recommended as this business is not to be missed.
Tenure: Leasehold

Listed by: Meridian Business Sales Limited

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