Engineering, Ravensthorpe, West Yorkshire

BESPOKE VENTILATION AND EXTRACTION SYSTEM MANUFACTURERS AND INSTALLERS in West Yorkshire for Sale.

Specialists in building bespoke systems to move air, predominantly within the catering trade.

THE BUSINESS - Clients have included Michelin starred restaurants throughout the UK and occasional “money no object” projects worldwide. Small to large project requirements, from small hot food takeaways through to large capacity restaurants. Their reputation for quality and customer service is enviable, and this is evidenced by the fact that trade comes in solely by word-of-mouth, with no websites, advertising or social media presence. Currently, the business has a full order book of contracted work scheduled to be completed in 2024 and £100,000 of work is already projected to come in for the beginning of 2025. There is an increasing volume of requests to provide cost estimates from potential new clients, ensuring for a very bright and profitable future. Currently run by the owner, a family member willing to stay on and assist new owners, plus a small team of highly skilled and reliable sub-contractors. The business works from two leased industrial units in West Yorkshire, but could easily be relocated to other premises anywhere in the UK. All plant and equipment necessary to produce the work is included in the price. There is also a medium wheelbase commercial vehicle available by separate negotiation. This is a tremendous business with high profit margins, an enviable reputation and a growing client base. The business is very realistically priced to sell due to retirement, however the owner is happy to provide all the technical assistance required in order to facilitate a smooth and successful transition and retention of the new and existing client base. We feel this is a huge opportunity for someone with knowledge and skill in a similar manufacturing business, who has the confidence and ambition to cope with the growing demand for its services. Around £70,000 to £80,000 worth of work is sub-contracted out to other firms at the moment, just to keep up with demand, so keeping this work in-house will have an obvious and positive impact on increased profit. Regular clients include circa ten pub companies and national restaurant chains and the business is proud to have delivered projects to Michelin starred restaurateurs and even a Royal household.

TRADING INFORMATION - Accountant prepared Profit and Loss Accounts for the year to 31 January 2023 show a sales turnover of £362,620 (up from £278,858 the previous year) and EBITDA net profit of almost £190,000. Accounts to the end of January 2024 are currently being prepared, but it is estimated that the turnover went up yet again to circa £600,000. EPC Band C.