The business occupies 7,500 square feet of factory space, owned by the vendor, although the amount of space required can probably be reduced. The vendor is flexible over future lease arrangements.
There are 5 fulltime employees who run the business very capably on a day to day basis, with the vendor very much fulfilling a part-time strategic role. The technical / engineering knowledge required is limited, with business acumen and development skills of greater importance.
Sales for the current year and 2016/17 are expected to be around £475k and £525k, delivering an adjusted EBITDA of £60k and £80k respectively. The guide price for 100% shares is £325,000, to include a debt free, cash free Balance Sheet (expected to be around £130,000 of net assets)
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