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Listing ID: 117482

Freehold, Independent Steel Stockholding & Trading Company For Sale

County Cork, Ireland

£ 1,200,000

Revenue: £ 1,779,728

Cash Flow: not disclosed

Business Description

Major Supplier of Steel Products Freehold, Independent Steel Stock holding & Trading Company

Ref.ER012
Location County Cork, Ireland
Asking Price £1,200,000
Long established and with an excellent reputation, this business is an independent home grown stock holding and trading company. The business has grown significantly in the past few years and has developed a fantastic brand name. Levels of stock have been maintained, even in the most competitive of conditions.

Started in 1990, the business supplies specialist steel specifications and stocks an extensive range of the highest quality engineered steel products, including a full range of carbon and stainless steel pipe, fittings, valves and flanges, stainless steel sheet and a full range of mild steel plate and sections, universal beams and columns, and much more.

The business is a major supplier to the following industries: Pharmaceutical, Dairy, Brewing, Refrigeration and Petrochemical.

The reputation of the company has been built by the current owner along with the teams expertise both fully supported by in-house technology. Specialists in non standard items across the range of made-to order- products, the business provides expert advice, drawing on the knowledge, experience and technical expertise the business has of the steel industry.

Property Details

Years Established:

1990

Other Details

Premise Details:

The business is centrally located on an industrial estate in a modern and progressive town. A new lease will be offered to the company at an initial starting rent of €40,000 pa + rates. The freehold of the premises are not included in the asking price of the sale but are available by separate negotiation with an asking price of £400,000. A brick built structure of steel portal frame construction; the premises contain a ground floor warehouse of circa 7,000 sq ft with trade counter facilities, staff kitchen and toilet. To the front of the accommodation there are roller shutter doors and a personal entrance door into an office. The forecourt has plenty of parking spaces.

Competition:

The business has relied solely on its well respected name and word of mouth recommendation and found no requirement for advertising, apart from the company website which provides excellent details regarding capabilities and products provided.

Expansion Potential:

Further growth could be achieved with more capital injection, possibly extending the premises and undertaking more marketing to allow the business to reach its full potential. This growth could also be achieved within the current structure, by continuing to build on the principles laid down by the management team. The current owner suggests that recruitment of further staff would encourage future sales growth. The business turnover continues to grow and the forecast is for another year of increased growth.

Operation Details

Employees:

4

Trading Hours:

Monday – Friday: 9am – 6pm

Support & Training:

The owner would be happy to provide support and training to help with a smooth transition of the business.

Miscellaneous

Reason For Selling:

Following many years of successful trading, the vendor is now ready to retire and anticipates that more investment from a new owner will take the business to the next level

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