Featured Brokers
CONFIDENTIAL SALE
FOR SALE
24/11/21
286534
Annual turnover: £1,000,000 (Can be relocated into another business with ease)
Annual Net Profit: £60,000 (Last six months) plus add-backs
Gross Profit: 27%
It is a potential 'Bolt On' opportunity
Invaluable JLR vendor code
There is a c £1m per annum turnover in metal pressings and welded assemblies with a 27% gross profit. It has a very modern well- equipped factory, over 16,500 sq. ft.
The Equipment includes:-
All clients are loyal non - automotive without the usual cost and quality pressures. It includes a large US blue-chip client. The business has a strong order book for 2022 and has secured £130K of new business. So turnover is projected to be £1.1/£1.2m per annum. The business would be sold on an asset/goodwill basis [Not the ltd company], so the buyer would acquire 27% GM unless someone wanted to retain at the site.
It would not take a lot of effort to reach £2m plus within 12 -18 months. It is only with the concentrated sales effort. Then the business will make serious profits, operating under low overheads eg. rent c £3/sqft and all the above plant and equipment leased for £4K/month.
The shop floor personnel have excellent skills and need very little supervision. We also have a capable senior manager in place.
The building has eight months' lease remaining and is a modern facility/site with a large and secure car park and five minutes to all major motorway links. If the site is not required, the business can be transformed into another business as a 'bolt-on'.
The current private owner has several other businesses. Therefore he is seeking to sell to focus on the other ones. His work requires extensive travel.
Strictly NO timewasters, please.
Only serious purchasers will be forwarded details under an NDA and will need to provide outline details of how they can fund the purchase.
It is a fantastic opportunity for someone to grow this business with loyal clients in a sector that can be grown easily.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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