Manufacturer of Equestrian & Agricultural Equipment
For use in Arenas and Menages
Private Customers & Commercial Clients
Location : N E Somerset Relocatable
Asking Price : £70,000 plus SAV
Turnover : £145,000
Net Profit : £48,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Relocatable
Confidentially offered for sale
Turnover for 2017 circa £145,000 (Forecast)
Net Profit circa £48,000 before Owner’s drawings
Successful trading history
Strong order book
Database of high profile clients
Excellent supplier relationships
This well known and respected business was founded by the vendor in 1961 initially as a motor mechanic and general engineering company and over the last 15 years, has come to specialise in the design and manufacture of equipment for the grooming and management of menages and arenas for equestrian sports and training.
The business has developed a range of arena levellers for all surface types and is very price competitive. All are simple and practical to use, with no awkward adjustments or settings to use. A small range of pasture management equipment is also manufactured, for assisting with the maintenance of horse pasture and small holder’s land.
The business’ current state is one where the vendor is suffering from ill health and is limited in the ability to manage the business in the longer term. There is a strong order book and the operations of the business are easily relocated.
Customers include high net worth individuals and market leading commercial customers in the Equestrian Arena sector, both in the UK and occasionally, internationally.
The business offers customers the highest quality of manufacture & finish and great customer service. Clients can be assured of the quality of product through a satisfaction guarantee.
This is all currently accomplished through only 20-25 hours of full time commitment per week.
The business has many strengths including:
• Enviable reputation in the UK
• Competitively priced products
• Product design & ease of use
• Repeat business levels and referrals
The business has enjoyed steady trading over its lifetime but areas for growth include development of marketing to drive new sales in other parts of Europe, increased marketing and promotions and the employment of full time fabricators to replace the vendor.
Extending trading hours and meeting the current high levels of demand is also a substantial growth opportunity since ill health limits the time available for the vendor work in the business.
The market outlook for the business is excellent. With a strong demand for this business’s services a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform.
This is a unique opportunity to purchase a very well established business. It is a well-structured business generating excellent profit margins with excellent growth potential.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for 2017 circa £145,000 (Forecast)
Net Profit circa £48,000 before Director’s drawings
The Asking Price of £70,000 plus SAV is for 100% of the ownership of the business.
The business has an excellent website providing details on the range of and applications; it also highlight some of the major names in the Equestrian sector that have relied upon this company’s products.
A high proportion of the business revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of high net worth individuals, whilst continuing to attract new referrals and recommendations.
The business is currently operated from the vendor’s home farm and is easily relocatable.
Usual office hours are Monday – Thursday: 8.30am – 5pm
The business along with the vendor employs two part time fabricators who also mange deliveries.
The vendor is happy to provide support and training for a negotiated period.
The vendor wishes to retire.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at email@example.comTurner Butler Disclosure Statement
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