 | Steel Stockholding Steel Forging Company Sold (Subject to Contract) Sheffield, South Yorkshire, United Kingdom Advert ref: 1403/GT FINANCIAL DETAILS | Asking price: £150,000 Sales revenue: £300,000 Net profit: £60,000 Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | Two very long established, thriving and profitable intertwined businesses consisting of a Steel Stockholding company, and with the added benefit of a complementary small Steel Forging company running alongside it.
The Steel Stockholding Company was established by our client in 1966, specialises in holding stock of small quantities of carbon and spring steel, supplying a UK wide database of over 600 clients, from small one-man concerns right up to major PLC’s.
The Steel Forging company is a well-equipped business, acquired by our client in the early 1990’s, operating comfortably alongside the main, core stock holding operation manufacturing and supplying a range of crowbars, marquee stakes and other products to an established clientele throughout the UK.
These are well-known and highly reputable businesses, now offered for sale together as one by our client due to a combination of his impending retirement, and a compulsory purchase order recently served upon his Sheffield Premises.
We feel that these businesses complement each other perfectly, and that both offer very significant scope for further development by the enthusiastic new owners in a number of areas, as our client does not actively market or promote their services and products.
Clearly there exists huge potential within these businesses and we feel that they are offered for sale at an extremely reasonable and realistic consideration.
Premises:
The businesses currently operate together from warehouse/factory premises owned by our client close to Sheffield City Centre. As previously stated, these premises are now subject to a compulsory purchase order, therefore the businesses must be relocated on sale. It is our opinion that it will be a simple and straightforward process to relocate the business to any number of suitable premises within the area.
Plant/Equipment Value: Circa £20,000.00.
Constant Stock Level: Circa £110,000.00.
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GENERAL INFORMATION | Relocatable: This business can be relocated.
Location
The business is currently based in Sheffield, South Yorkshire, but could easily trade just as effectively from virtually any location in the region, or indeed any location within the UK.
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The Business Partnership - South Yorks, North Notts, North Derbys | | | |
