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EY040 -Specialist Plastics Moulding Machinery and Capital Equipment Dealer

Asking Price: GBP 950000
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Business Location: United Kingdom » Bedfordshire » Bedfordshire/Hertfordshire 
Category: Engineering » Mechanical Services
Description:
Specialist Plastics Moulding Machinery and Capital Equipment Dealer

Ref.EY040
Location Bedfordshire/Hertfordshire
Asking Price £ 950,000
After taking an Apprenticeship in Electrical Engineering, with a focus on the testing and servicing of injection moulding machines, the vendor of this well respected business, became self employed in the early 1980’s. Initially the company focused on the contracted service and repair of injection and blow moulding machinery to the wider marketplace. It was in the 1980’s, that the vendor first started buying and selling machinery, after numerous requests from clients to source high quality 2nd hand capital equipment.

In the 1990’s the buying, refurbishment, and selling of the machinery took on a life of it’s own, and became a major source of revenue. At that time, the current limited company was formed. With a respected and very well known trade name, the business has gone from strength to strength. The vendor kept a service and repair side to the business, building a dedicated and professional team of field engineers.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: na
Year Established: 1980
Is Relocatable?:
 Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Friday: 9:00 am – 5:00 pm, contactable 24 hour.
Reasons for selling:
 After many successful years building the business from scratch, and operating it with a healthy level of income. The vendor is looking to retire, and hand the business over in good form to a new generation who can drive things forward.
Market competition and expansion:
 The business has primarily been built from direct contact with clients, recommendation and referral. There is regularly small scale classified advertising in the market leading plastic product manufacturing journal.
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