Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Steel Fabrication & Welding Company Ce Registered, London

LISTING DETAILS
Firms For Sale ID:
34086
Vendor reference:
IS048
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£117,500  
Turnover / revenue:
£481,000
Net profit / cashflow:
£24,000
Years established:
40
Number of employees:
3
Employees / staffing:
The vendor works full time in the business (hands on) and also employs two full time workshop welders. In addition there is a full time secretary.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owner would be happy to provide full training and support at handover and stay on for a period ot time after the sale, if so required, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal leasehold premises offering good access and plenty of parking. Circa 50 metre square plus second yard area, 70 mtrsq, the unit comprises the workshop, office accommodation and toilets. The existing lease is on a rolling basis. Rent and rates are circa GBP 13,600 per annum
 
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BUSINESS DESCRIPTION
Steel Fabrication & Welding Company CE Registered, London
Ref. IS048
Location: Essex Serving London and throughout South East
Asking price: GBP 117,500
Set up over 40 years ago, this very well established and reputable family business provides a comprehensive metalworking and fabrication service to a range of impressive clients.

BS EN 10190 accredited to supply CE marked Structural Steelwork (Execution Class 2), whatever the steel requirements of a Client, this Business can meet it manufacturing to exact specifications, the highest quality requirements and in the shortest possible lead times.

With a wide ranging, loyal and longstanding Client base, including some of the biggest building contractors in the world, right through to local businesses and individuals, this business delivers across the widest range of projects brackets and frames, grilles and ladders, angles and channels, open mesh flooring, weld mesh panels, structural and box sections, handrails and balustrades. It is able to offer most finishes including galvanising, powder coating and multi coat paint systems and such is its inhouse expertise, it is frequently called upon to offer best advice on the design and development of projects and best fabrication practice.

The business has continuously reinvested in plant and equipment to keep pace with the everincreasing demands of its customer base. Because of this the company can boast a good level of plant and machinery as well as knowledge of the market. This internal capability enables the business to carry out a variety of projects with quick turnarounds. From first contact to completion the onus is geared towards complete customer satisfaction.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a large range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work, be it volume/batch production or ad-hoc projects. It also has a client base that is seeing good growth and it could easily develop its current account base further by actively promoting the company and chasing work.

Market / Competition / Non-Competition Agreements
The business has used very little advertising in the past and there are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors.

A high proportion of the business`s revenue comes from long standing relationships with clients and as such it enjoys good levels of repeat business. This is due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.