Business for Sale in Gloucestershire NICHE ELECTRICAL ENGINEERS

Key Information

Reference

MF036000X

Tenure

Leasehold

Status

For Sale

Region

Gloucestershire

Sector

Electrical Engineering

Annual Sales

£114,503.00 Exc. VAT

Accommodation

No

Business Information

Specialist ELECTRICAL ENGINEERING BUSINESS, predominantly operating in the AVIATION & TRANSPORT industry, based GLOUCESTERSHIRE, supplying customers throughout the UK and Europe. The manufacturing and day to day operation of the business predominantly undertaken by staff without the need for an owner to be present.

Operating from edge of town centre premises, in the region of 1,250 square feet, unique in so far as to their location and considered valuable with premises of this nature rarely becoming available. The manufacturing process is considered ‘light’, the premises providing reception/office facilities, production area, storage, and staff facilities.

A respected business commanding an excellent reputation, established some 70 – 80 years, under current ownership approx. 45 years, retirement sale. Producing a bespoke niche product not available elsewhere, ensures a very strong order book and regular repeat orders with an ongoing order commitment from a major ‘Blue Chip’ aviation customer stretching more than 20 years.

Currently operated at a level to suit the owner’s personal circumstances/commitments, trading a 4 day week. Sales 2023 £114,503 ex Vat, Gross Profit (before labour) £98,444 ensuring a profitable business, even on a predominantly staff run basis.

Increasing sales, 6 months to June 2024 £65,902 ex Vat, and Gross Profit (before labour) £60,118 with the business still lending itself to considerable further development through the marketing and promotion of its innovative products, either on a standalone basis, or amalgamation with similar business.

Leasehold Limited Company Sale Price £75,000 with Offers Invited plus Net Assets of approximately £45,000. Ref: MF036000X

£45,000. Ref: MF036000X