Electric Motor Rewind Company
Ref.IG011 Location Ashford, Kent Asking Price £ 650,000Confidential offered for sale | |
Asking price includes:
Work in progress, material stocks, tools and machinery
Substantial number of annual maintenance contracts
Excellent opportunities and expansion capabilities
Qualified and highly skilled technicians
Sales, which are growing year on year
Extensive investment in technology
Un patented technical know-how
Extremely lucrative margins
Prime Location (Leasehold)
Informative Website
Sterling reputation
Security System
Goodwill | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | This business was formed in 1977 as an electric motor rewind company and are distributors and resellers for a large number of major manufacturers across four main product areas, namely electric motors, industrial and commercial pumps, geared motors, and AC & DC drives. The customer base is UK wide with a growing number of overseas customers. The company have around 2,000 stock motors and pumps for next day delivery in UK, supported by many more manufacturers UK stockholdings.
The company has a repair and service centre and a fully equipped workshop which can accept machines for repair up to 3,500kg and services an area East of the M23 and South of the river Thames.
The Sales team are specialists in different product areas and have the full technical support of all manufacturers.
Through the workshop the business is able to rewind AC & DC motors up to 3.5 tonnes in weight and are an approved ATEX motor repairer. Where possible the manufacturer’s parts and all bearings used are of the highest quality.
Equipment:
All associated machinery and tools are included in the sale of the business.
Customer Service:
The company's philosophy is to supply the very best value in terms of quality, reliability, and pre-sales and after sales service and cost with a fast and efficient service at competitive rates.
Key Strengths:
This well established business operates with a very flexible outlook within a strong market. The range of products supplied by this business offers the ultimate in quality, design flexibility, affordability and attention to detail and constantly attracts new referrals.
The strengths of this company include its expansive product knowledge, and its technical expertise. The business is well respected with excellent image & reputation and an excellent team. The business has forged strong links with some very high profile clients who have put their trust in the organisation owing to their genuine commitment to serving the client needs.
The business builds and supplies a product range, which is growing stronger on a daily basis. In an increasingly competitive market this business is the ideal resource for in-demand, guaranteed products. The business has been built on solid foundations and operates with prudent management; given the same common sense approach a significant growth in profitability is inevitable.
Growth and Expansion:
With further investment there is an excellent opportunity to build on the existing groundwork of this company, the market is buoyant and the potential for future growth is high.
Key Opportunities:
Networking within the appropriate market sectors into expanded geographical locations will also encourage more business. All these viable avenues can be explored towards further growth and success of the business. With a strong demand for existing products and services there is a capacity to increase the turnover and profitability. A new owner with sound managerial experience would contribute fresh ideas and energy to expand on this excellent foundation. This business has achieved an outstanding reputation for quality and service. | | | Premises:
The company operates from a circa 5,647 sq ft industrial unit just off the M20 in Ashford, Kent. These are distributed over two units of workshop area, mezzanine level, yard and parking area.
The premises are leasehold with 12 years remaining on the current lease. Annual rent is charged at £27,000 with additional rates of £16,500.
Business Hours:
Monday – Friday 8.00 am – 5.00 pm
Security:
The premises are secured by an alarm system. | Advertising and Marketing:
The business continues to grow as a direct result of increased exposure within the market by word of mouth recommendations, brochures, and an informative professional company website, which allows the customer to find out more about the business, and the products on offer and generates a large volume of new business. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with positive cash flow, no debtors, high gross and high net profit and has shown consistent strong growth in profits.
The current turnover is circa £1,240,516, with a Gross profit circa £292,855 and a net profit of £41,560. | Employees:
Eight employees including the owners are responsible for the day to day running of the organisation. These consist of one site engineer, one workshop manager, one electronic mechanical fitter, one accountants, one internal sales and one sales administration. | Support and Training;
Full support and training will be provided to the successful purchaser. | Reason for Sale:
This is a genuine retirement sale. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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