Total of 18659 firms and businesses for sale today Sunday 12th May 2024
Sold. Suppliers Of Press Brake Tools
LISTING DETAILS
Firms For Sale ID:
34333
Vendor reference:
BFS3044
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Business opportunity:
Asking price:
£100,000
Turnover / revenue:
£232,302
Net profit / cashflow:
Undisclosed
Years established:
2002
Number of employees:
1
Employees / staffing:
There are no employees other than a part-time book-keeper/administrative assistant.
OTHER DETAILS
Reason for selling:
The owner wishes to retire.
Support and training:
The owner would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Expansion Potential
The company, whilst being successful and gaining an excellent reputation needs some small investment. They sometimes miss out on orders by simply not carrying the stock of basic press brake tools. The owners have suggested that the company could grow immediately by circa 30% simply by carrying a minimum stock allowing for speedier delivery than the company can offer at present. Most clients are reluctant to wait for production as it keeps their machines idle, therefore there are many occasions when orders are lost as supply can take up to three weeks from receipt of the order. The company have been investigating the possibility of buying directly from China, where prices are circa 50% of the cost of UK & European manufacture, which at present the company uses. This will mean buying in advance and buying press brake tools to keep in stock with a lead time of circa 12 weeks for delivery. Long term this will make the company more profitable for a small investment.