A manufacturer of its own towbar range 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, with very little involvement by the vendor. The technical / engineering knowledge required is limited, with business acumen and development skills of greater importance.
The business is currently in ‘tick over mode’, with sales flat at around £480k, which delivers a nominal profit. This is reflected in a realistic guide price for 100% shares of £150,000, to include a debt free, cash free Balance Sheet (expected to deliver c. £70,000 of net assets).