Added: November 21, 2018
Sale Price: 89,950
Location: England - Midlands
Phone: 01204 556300
Ref: 14430 D
Price is + SAV
Crown Power Ltd has been operated by the current owner for over 17 years; who is now looking to retire.
The business buys and sells a large range of engineering components including bearings and transmissions, pneumatics, vee belts and pulleys, oil seals, sealants adhesives and much more.
The current owner has developed strong working relationships with key accounts within Stoke and currently regularly trades with over forty accounts, five of which are large organisations with global activities and include: Port Meirion Pottery, Steelite International, Wedgewood, Rockwell and Emma Bridgewater.
The business would be an ideal bolt on to an existing company looking to expand further and increase their customer database along with developing new relationships with the large key accounts.
Similarly, due to the fact that there is not a large stock purchase required and what stock is held in the business is included in the sale, the opportunity would also appeal to a sole trader or small limited company looking to take the next step up, with a ready made established business and generate instant additional turnover in access of £6,000 a week, with a return on the initial investment of less than 18 months.
The current owner is willing to undertake a handover to the new operator to ensure a smooth transition with the existing accounts. This is a rare and exciting opportunity to take an established company and take it to the next level and is both a great fit for an existing organisation, or for a smaller operator looking for an opportunity for the next step up.