Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Hydraulic Ram Manufacturer & General Engineers, Equipment Repair & Design Specialists
LISTING DETAILS
Firms For Sale ID:
30524
Vendor reference:
IL022
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£125,000
Turnover / revenue:
£137,000
Net profit / cashflow:
£51,000
Years established:
35
Trading hours:
Monday – Thursday: 8am – 5pm
Friday: 8am – 1pm
Number of employees:
3
OTHER DETAILS
Reason for selling:
Genuine retirement sale
Support and training:
The vendor is happy to provide support and training for the new owner for a negotiated period of time.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The leasehold premises are well located and very secure with easy access to major roads and motorways. Based in a locked compound the leasehold premises have an annual rent £1,820 per annum with rates of £200 per annum.
BUSINESS DESCRIPTION
Hydraulic Ram Manufacturer & General Engineers, Equipment Repair & Design Specialists
Ref.IL022
Location Northern Ireland
Asking Price £ 125,000
Established in 1978, the business is a specialist in hydraulic ram manufacture, repair and design, plus general engineers with over 30 years experience that offers a wide range of quality services with a fast turnaround. Experts in hydraulic rams for diggers, lorry’s etc. the business continually invests to expand their ability to meet customer requirements.
This thriving manufacturing business is a specialist in dealing with ‘1 offs’ rather than big numbers. Using the latest technologies in the design, manufacture and testing processes the business ensures the highest standards of workmanship, as well as providing a repair and maintenance service to customers. The company’s ability to repair and turn round critical repairs quickly translates to minimalisation of down time for vital and expensive-to-operate machinery.
The business is turnkey ready for a new owner, who will probably already be associated with this type of industry.
Expansion Potential
The business has the potential to develop; with hydraulic engineering being in demand in the long term. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. The business has never employed sales people. Because of this its existing client base is ripe for future development.
Market / Competition / Non-Competition Agreements
To date, the company has never proactively marketed the business and have never utilised sales people. They have undertaken very limited advertising historically and do not have an internet presence. There is huge scope to increase this activity. Further strategic marketing and development of a company website would be a valuable asset.