For Sale
Well established metal finishing company for sale
Birmingham, Warwickshire
- Asking Price: £949,999 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £654,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07709
CoGoGo welcomes to the market MAP Powder Coating Limited, a highly rated powder coating business in Coleshill, Birmingham.
MAP Powder Coating was founded by the current owner approximately 10 years ago and has been a real labour of love accruing many regular customers along with a great reputation for service, customer care, product finishing and pricing.
The business has now come to the market due to our clients desire for a change of direction and to slow things down.
The business undertakes shot blasting, electrostatic and powder coating and fabrication of bespoke railings and gates in Coventry, Solihull, Lichfield, Tamworth, Leicester, Atherstone, Nuneaton and the surrounding areas.
The business prides itself on focusing on innovation and staying updated with the latest metal application and finishing techniques to deliver high quality and cost effective solutions to its customers in the commercial and industrial sectors.
Currently the business receives most of its work through word of mouth and referrals along with queries from the company Website and Yell. We are advised that there are currently approximately 40 active customers. The business consistently turns down work.
The sale will include the company website and social media platforms and the business enjoys great visibility online.
The business covers all types ferrous and nonferrous materials, 1 offs, small and large batches.
Key selling point -
- A well established business with an enviable reputation and many existing customers
- Current owner will stay on with company on an advisory capacity until new owners are capable & comfortable of taking over
- 2023 accounts projected to show a significant growth in both turnover and profits
- Perfect bolt on to a similar business looking for a foothold in the Birmingham area
- Increase marketing/advertising campaigns
- Maximise the use of social media
- Invest in SEO and PPC to drive new customers to the business
- Employ a sales manager/more staff to convass new accounts and carry out workload.
We are advised that the business is run and managed by both owners, with the help of 7 full-time and 2 part-time members of staff.
The current trading hours are -
Monday to Thursday - 8:00am - 4:30pm
Friday - 8:00am - 1:00pm
Saturday to Sunday - Closed
MAP Powder Coating Limited is located on Roman Way in Coleshill, Birmingham.
The business occupies generous premises ideally suited to the trade and including ;
- Spray booths
- Shot blasting booths
- Powder store
- Box ovens - 8mtr L x 3mtr H x 2.5mtr W - this is also new with warranty
- Tunnel ovens
- Auto powder track
Tenure
We are advised that the business is being sold on Leasehold basis, currently on a 5 year lease. The rent is £60,000 per annum, with rates payable at £20,000 per annum.
Our clients have said that they're in the process of arranging a new 5 year lease.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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