A manufacturer with its own range of after-market automotive accessory is exclusively offered for sale by Anderson Shaw Corporate Finance Ltd. Established over 30 years ago and located in the West Midlands, the business successfully competes with household brands, both online and selling directly to trade. Online reviews for both product and customer service are excellent.
The business occupies 7,500 square feet of factory space, owned by the vendor, although the amount of space required can probably be reduced. The vendor is flexible over future lease arrangements.
There are 5 fulltime employees who run the business very capably on a day to day basis, with the vendor very much fulfilling a part-time strategic role. The technical / engineering knowledge required is limited, with business acumen and development skills of greater importance.
Sales for the current year are expected to be around £575k, an increase on the prior year, and delivering an adjusted EBITDA of around £97k. The vendor believes that recently introduced product quality improvements will further stimulate sales and profitability in 2016/17. The guide price for 100% shares is £395,000, to include a debt free, cash free Balance Sheet (expected to be around £170,000 of net assets)