Well established engineering firm which specialises in the design, manufacture and sale of custom made dust control systems for every type of industry.
Set up 40+ years ago it has a comprehensive and technically advanced product line. It has an established client base and an excellent reputation.
The owner will transition all aspects of the business to the new owner and is willing to remain with the business as an employee if required.
Average turnover for the last 3 years was £1.1m and for 2018 is forecast to be £700k. Gross profit in the same period averaged 17% but is expected to be higher in 2018. Adjusted EBITDA adding back owner benefit is expected to be £69k in 2018 but has been much higher in previous years and could easily be increased.
Potential Growth With a strong customer base most new business comes from referrals and repeat orders, increased marketing and promotion via trade shows, industry publications, appointing commissioned agents and direct approaches to potential customers could significantly grow revenue.
Competitive Overview The business could fit very well alongside a similar business based in another geography such as the US or Far East looking for a foothold in European markets. Or it could fit well as the sales and design facility for a UK or European manufacturer of engineering items.