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Businesses For Sale > Business For Sale in County Cork, Ireland, UNITED KINGDOM - UK (UK)

ER012-County Cork, Ireland-1,200,000-Major Supplier of Steel Products Freehold, Independent Steel S for sale in County Cork, Ireland, UK

County Cork, Ireland, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 1,200,000 £ 1,779,728 Undisclosed

Business Summary:
Major Supplier of Steel Products Freehold, Independent Steel Stockholding & TRADING COMPANY Ref.ER012 Location County Cork, IrelandAsking Price 1,200,000 Long established and with an excellent reputation, this business is an independent home grown stockholding and TRADING COMPANY. The business has grown significantly in the past few years and has developed a fantastic brand name. Levels of stock have been maintained, even in the most competitive of conditions.Started in 1990, the business supplies specialist steel specifications and stocks an extensive range of the highest quality engineered steel products, including a full range of carbon and stainless steel pipe, fittings, valves and flanges, stainless steel sheet and a full range of mild steel plate and sections, universal beams and columns, and much more.The business is a major SUPPLIER to the following industries: Pharmaceutical, Dairy, Brewing, Refrigeration and Petrochemical.The reputation of the company has been built by the current owner along with the teams expertise both fully supported by in-house technology. Specialists in non standard items across the range of made-to order- products, the business provides expert advice, drawing on the knowledge, experience and technical expertise the business has of the steel industry.

 

   
Year Business was Established: 1990
   
Number of Employees: 04FT  
   
Facilities / Terms of Lease: The business is centrally located on an industrial estate in a modern and progressive town. A new lease will be offered to the company at an initial starting rent of 40,000 pa + rates. The freehold of the premises are not included in the asking price of the sale but are available by separate negotiation with an asking price of 400,000. A brick built structure of steel portal frame construction; the premises contain a ground floor warehouse of circa 7,000 sq ft with trade counter facilities, staff kitchen and toilet. To the front of the accommodation there are roller shutter doors and a personal entrance door into an office. The forecourt has plenty of parking spaces.  
   
Potential Growth/Expansion: Further growth could be achieved with more capital injection, possibly extending the premises and undertaking more marketing to allow the business to reach its full potential. This growth could also be achieved within the current structure, by continuing to build on the principles laid down by the management team. The current owner suggests that recruitment of further staff would encourage future sales growth. The business turnover continues to grow and the forecast is for another year of increased growth.  
   
Competition: The business has relied solely on its well respected name and word of mouth recommendation and found no requirement for advertising, apart from the company website which provides excellent details regarding capabilities and products provided.  
   
Owner willing to train: The owner would be happy to provide support and training to help with a smooth transition of the business.  
   
Reason for selling: Following many years of successful trading, the vendor is now ready to retire and anticipates that more investment from a new owner will take the business to the next level.  
   
Seller Reference Number: ER012
BusinessMart.com Listing Number: 42916
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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