Status: Completed
Tenure: Leasehold
Leasehold Rent: £20,000 per annum
Turnover: £1,500,000
Engineering Business For Sale,   KentEngineering Business For Sale,   KentEngineering Business For Sale,   Kent
O.I.R.O.
£500,000

Engineering Business For Sale, Kent

Completed
  • Reference: Z-2338-C
  • Location: South East
Our client has been a pioneer in steel structures for over 28 years, and has remained an independently owned company whose prime objective is to supply a dedicated and efficient service to every client. Each project is an opportunity to forge relationships and produce stunning work and enhance its reputation in the industry.
The business produces a wide range of products and provide a design and planning service. All stages of production follow approved standards of practise, strict with procedures and attention to detail.

The business was incorporated on 21st September 1987 and acquired by the present Board in 2008. Since the acquisition by the current Managing Director and his Board they have primarily been engaged in secondary steel work and re-modernisation of existing buildings and have carried out some prestigious contracts.

The manufacture and installation of secondary steel work as required by clients for the construction industry primarily, although some private client work is undertaken, with many bespoke projects successfully completed and currently being worked on.
All structural steel holds the CE Marking, and all work is vigorously assessed in-house via a strict quality assessment process.
All work is set strict deadlines, which are always met, resulting in the business boasting an unparalleled reputation in the industry to be able to deliver on-time, every time.

The business also works across the public sector for national and local governments, providing facilities and services in health, education and defence sectors and have long experience in urban regeneration projects.
In addition they have customers in a range of light industrial and commercial sectors such as retail and leisure.
Recent engineering projects has positioned the business in the global market with strategic engineering project in Qatar.
With no vulnerability in the client base, it is stable and the business benefits from around 75% repeat trade with long standing relationships with many of its clients.
The business currently has around 20 active projects, and with a high reputation within the market, projects continue to flow in. There have been occasions where work had to be declined to the tune of £130,000 due to current projects maximising capacity.
The business currently has a user friendly website giving information about products and services.

ASSETS

Guillotine 3M long x 13mm plate
Geka punch
Brake press 200 ton
Free standing drills
10mm plate rolls
Welding sets [mig] 7no
Small band saw
Large saw with angled head [500mm deep beams]
Fork truck 3 ton
5 ton overhead crane with 2no hooks
Hand tools, mag drills/portable welding sets etc.

REASON FOR SALE

The company is offered for sale for retirement reasons.
For a new buyer who may require a hand-over period. The Managing Director has indicated his willingness to provide a transition period of six months.
The business is located in Kent, England. More detailed information available upon request from Hilton Smythe.
The property is occupied on a leasehold basis with an annual rent of £20,000; although there is no formal contract with the landlord. The landlord is on the same site and this is an arrangement that has been in place for several years without any problems.
We are advised that there is the potential to extend the premises and/or lease adjacent units.
The prospective owner could also relocate the business if desired.