Deal done:
Sale of a specialist metal fabrication company

Turnover:  £315k
Deal completed in:      10 months

The Company

This specialist metal fabrication business has a niche market in the supply of gate and fencing solutions to the south east of England.

Click here for Business Summary

The Situation

The business had a good turnover but minimal profit. The owner wanted to retire but felt responsible for the livelihoods of the company’s five employees.  As a result he was keen to sell the business as a going concern and secure the future of the business.

The owner initially placed the business with another broker; after a year, following a couple of failed offers, the owner engaged Hornblower.

What Hornblower did

Hornblower launched the business to market, targeting similar metal fabrication businesses.  Within two months we secured serious interest from four potential buyers, resulting in one winning bid that was a simple buy-out deal.  The whole process took ten months from start to finish.

WIN WIN

For the owner, the deal was a fair financial settlement that allowed him to retire with  the confidence that his employees’ jobs were secure.

The buyer acquired an excellent going concern and, by moving it to new premises to reduce overheads, he quickly turned the good turnover into an equally good profit.

 

Hornblower Business Brokers – Specialists in selling engineering businesses