Specialist Handrail & Balustrade Supplier, Central Scotland 2634

Leasehold £450,000

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This is a superb opportunity to acquire a well established and highly successful Engineering Business specializing in the manufacture and supply of glass balustrade systems across the UK.

With multiple online presences including a very successful online shop for the supply of balustrade components to both commercial and residential customers this business has seen significant year on year increases in profits over the last 3 years.

2019 turnover £900,000. 2020 expected to exceed £1m with excellent gross and net profit margins together with solid on-going order book.

The company is offered for sale at offers over £450,000

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Type of business
Opportunity: This is a rare opportunity to acquire a modern Engineering Business in a profitable niche sector of the construction industry. Established in 2006 this business is Scotland's leading balustrade supplier with a regular customer base throughout the UK. The company has an on-going order book normally ranging from 2 - 3 months sales with secured contracts with some of the UK largest construction companies. The photos opposite on this page show the showroom, office and warehouse which are located in Glenrothes just off the main A92 which provides easy access to the M90 motorway and beyond.  The two directors run the business with a skilled team of 7 office, workshop/warehouse and on site installation staff. The owners are happy to provide a suitable handover period for familiarization and training to a successful purchaser if required. Examples of various installations the Company have undertaken are shown on the next page.  Sales are a mixture of supply only and a full design and installation service. The sale includes 3 vans (2 x Sprinters & 1 Citan), a BT Cargo forklift and extensive manufacturing and installation equipment together with the office computers, printers, plotters, etc. Financial information:  This business has been consistently profitable with 2019 net turnover of £900,000 and 2020 on target to exceed £1m.  Full financial information can be made available to serious interested parties following an initial discussion. With growing sales, low overheads and good gross profit margins this is a profitable niche Engineering Business with significant growth potential. Opening hours: 8.30am - 4.30pm Monday to Friday. Rent & Rates:  The business operates from two highly visible adjacent industrial units with retail frontage. The combined rent is £28,000 plus VAT per annum.  The rateable values are £15,400 and £15,100 respectively. The leases are on a rolling basis and can be extended or terminated by the tenant at any time.