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Business For Sale
MECHANICAL ENGINEERING AND FABRICATION COMPANY
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Asking Price: |
$595,000
GBP United Kingdom Pounds
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Business for Sale Industry: |
Manufacturing: Machinery
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Reason for Selling:
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Retirement |
Business for Sale Overview:
This unique company supplies and installs steelwork fabrication, pipe work and valve related products to the heavy mechanical industry. The company commissions everything mechanical, including the manufacture of flange converters, flange floor columns, guide brackets, extension spindle, pipe fabrication work and access steel work for plant and walkways.
The Company stocks and carries out valve engineering work, converting standard valves to specialist valves, able to handle the growth areas within the water and sewage industry with the associated compliance with European legislation.
Property Features and Assets:
The Company operates from modern purpose built facilities that comprise a shop and mezzanine floor of approximately 7,000 square feet plus circa 3,000 square feet of office space, giving a total area of approximately 10,000 square feet.
The freehold is owned by two of the company directors and was valued at £525,000 in May 2004. The directors propose to grant a new negotiable lease for the purchasers at a rent of circa £30,000 per annum. The vendor would consider selling the building.
Market Competition and Expansion:
To date the Company has invested limited money on marketing. The Company is recognised for its expertise within its relevant fields of operation, and therefore most of its work comes via word of mouth. The Company delivers what it promises.
The directors recognise that investment in updating the company website would be a valuable asset.
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