Engineering companies for sale in Northumberland

View the "LPG Installation Consultancy" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

LPG Installation Consultancy

Northumberland, England

  • Price: £75,000  Price Reduced arrow_drop_down
  • Annual Turnover: £120,000
  • Annual Net Profit: £70,000
Seller Reference: SMSB/LPG
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Business Description
 
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Seller Reference: SMSB/LPG
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Business Description
The business was founded in January 2015 as a sole trader specialising in LPG engineering.

A significant part of the business supports the poultry rearing sector, with the provision of turnkey heating projects, including the installation of gas tanks, underground and internal pipework, and heaters. While the business supports projects nationally (and indeed internationally with projects in Africa and America), the majority of clients are in Wales or the Welsh Borders, Yorkshire, Lincolnshire or East Anglia.

The business is operated from a Northumberland home, with only a small amount of stock holding required, and is therefore easily relocatable
.
The vendor has grown the busines to the point where some work needs to be subcontracted and neither that or the employment of staff appeals. Instead the vendor believes the better option is to sell the business and allow a new owner to harness the significant opportunities and grow the business to the next level.

The owner works full time in the business and would be prepared to engage in an extended handover in order to manage a successful transition to the new owner.

Revenues continue to grow and are expected to be around £120k in the current year, delivering owner earnings of c £70k. The order book in conjunction with outstanding quotes for work stands in excess of £200k.

To encourage a swift sale he guide price for assets and goodwill has been reduced to £75,000 and the vendor is comfortable with a substantial earn out element to the purchase.

The business is being marketed by www.sellmysmallbusiness.co.uk. Please do not attempt to contact the vendor direct.
Is this business relocatable:
Yes
Is this business home based:
Yes
Listed by:
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