business for sale

Electroless

Sale Memorandum

Specialist Electroless Nickel Platers


Ref.IG002

Location Southern England

Asking Price £65,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes:

Exclusive specialisation in Electroless Nickel coatings

Large repeat customer base circa 250

Leasehold premises

Low overheads

Business profile:

This engineering business was established in 1980 and specialises in electro less nickel-plating for engineering parts. Various domestic and Foreign Patents cover the process equipment designs, innovative chemistry and processing techniques. The solution formula has been tried and tested over 30 years.

The company has the formula to Black electroless nickel plating, which is not currently put to use. Matt Silver Finish is used for engineering companies at present and bright nickel plating could be possible with installation of an extra tank.

The business is steadily developing through carefully planned growth and is equipped to provide a professional high quality service to a wide range of industry sectors.

The company operates for the benefit of customers operating

Growth and Expansion:

Significant growth potential could be achieved with new expertise and resources. Investment in sales staff could provide the opportunity to widen the scope of the business. There is enough area on site to add an anodizing plant, anodizing alone could double the turnover.

More than ever consumers are looking for reassurance that they have chosen a reputable specialist and the company would benefit from ISO certification, a 50% government grant would be available to the company.
Premises:

The company operates from leasehold premises on a renewable lease that currently have two years remaining. Rent is £10,250 plus business rates of £3,250 per annum
Advertising and Marketing:

Yellow pages, leaflets and brochures and the Internet are used to advertise the company. A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers.
Key Strengths:

The company provides a unique combination of high quality, rapid throughput and turn-round with superb performance. There are a wide variety of coating options to satisfy customers particular requirements for wear resistance, corrosion protection or aesthetic appearance.

This company's strength is founded on its consistence of retaining a high level of repeat business. This company is unique in the amount of heavy plating it can handle and is recommended by other companies in similar business to overcome their heavy plating commitments.

Total quality is the main objective of this Company; careful attention is given in order to ensure the highest standards. This business has strong and established working relationships with both customers and suppliers like.
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 current turnover is circa £100,000 per annum with a gross profit margin of circa 75%.
Employees:

The vendor manages the business supported by three employees
Competition:

The present customers regularly trade with the business. The company has almost no rival in the business and could double the turnover if anodizing were to be introduced.
Customer Service:

This business operates across the whole of the UK and has now developed connections in Eastern Europe and is dedicated to providing 100% customer satisfaction.

Reason for Sale:

The business is offered for sale due to personal reasons. Our client will work with the new owner for at least six months to ensure a smooth handover of the business.
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

Next steps

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