Business description

1. A long-established engineering business is for sale which remanufactures and sells consumable electromechanical components to UK customers in the transport and commercial sectors. It serves a true niche market and most of its business is repeat. It has been turned around from losses to modest profits on a turnover of £2.2M. There are opportunities to increase profits by extending sales into new markets. Asking Price for 100% of the shares is £0.5M

Property information

Property:

Leasehold

Lease terms:

flexible

Location:

Industrial Estate near motorway network

Other information

Expansion potential:

Good opportunities to expand customer base by marketing its component remanufacturing service to new commercial markets

Competition / Market:

Business is in a niche market so competition is limited. Its unusual skill base and long-held reputation ensure it remains one of the market leaders. Its local service and proximity to customers also ensure any potential foreign competition is kept at bay

Support & training:

as required

Reasons for selling:

deemed non-core by parent group

Trading hours:

standard

Website:

www.business-engineering.co.uk

Related documents:

• Ssummary10.19