Business Overview:
This is a unique investment opportunity to aquire a newly formed company who are a Master Craftsmen in Steel Fabrication working from their solution workshop on state of the art CNC equipment
This is an independent family run company who unfortunately, due to a large bad debt, went into administration, had to restructure their business and formed a new company to trade in the future. Owing to the owners financial commitment to his business the company is now trading with no bad debt, no overdraft facility and a growing order book. The company needs to attract investment to take them forward and secure major contracts which are currently on offer.
The owner has been involved in specialist steel fabricating for the past 10 years and the company are fully experienced in working with Carbon, Alluminium and Stainless Steel. Their name and reputation is second to none and have already been able to retain customers who the family dealt with over the years. They have also tendered for a number of jobs which hopefully will come to fruition. They are specialists in the design, manufacture, instalation repair, refits and maintenance of structural steelwork, mezzanine floors, ballustrading, safety ladders, platforms, gantries, roofing cowl steelwork, hoppers, tanks and associated pipework plus many other specialist fabricating work.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The company has retained its existing base having negotiated a new “easy in easy out” lease with the landlord until 2014. There is an option in the future to buy the premises from the landlord. The new rent is £25,000 per annum with rates of £11,000 per annum.
The premises are located on a busy industrial estate in Hull with a circa 15,000 square foot warehouse and office complex. There is an open plan workshop with a hoist for heavy lifting and a small suite of offices both with toilet and canteen facilities.. The whole building has recently been re-wired and at the front of the building there is ample parking for all of the staff and visitors.
Market Competition and Expansion:
The company have always managed to get repeat business from a select band of Blue Chip businesses and attracted new clients from referrals and word of mouth recommendations. The new company is in the process of creating a new website and the domain name has already been purchased.
Reason for Selling:
owner would like to invite investors to either pur
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: