For Sale £450,000 - Engineering company
Engineering company specialising in the supply, design & fitting of balustrade systems and handrails. Located within Glenrothes, Fife and catering to the UK & European market. Boasts wide range of income streams within both commercial & domestic sectors. Experienced and well trained staff in place. Operating from Fife showroom and workshops with addition of highly lucrative e-commerce website. Ideal opportunity ‘bolt on’ investment operation for a larger company.
Scottish Business Centre are delighted to bring to the market Handrails Direct & Scottish Balustrades. The family operated business which was set up by our clients initially as a partnership and latterly as Handrails Direct Ltd, supply modern balustrade systems, wall mounted handrails and stainless steel components in addition to the design and fabrication of internal and external balustrade systems. From relatively humble beginnings, our clients have successfully created a modern and forward looking engineering & supply business. Benefitting from having built up a wide range of commercial and residential customers from both the UK & Europe, the business operates with a group of 6 staff members.
Operating from the company showroom and workshop in Glenrothes, Handrails Direct Ltd caters to the seemingly ever growing demand for high quality glass, frameless balustrade systems and wall mounted handrails. While our clients have built up a sizable client base within the commercial & residential sector, the business income is generated through a wide range of areas. As not to focus on one or two main clients, the owners of the company had the idea early on of working with a large group of buyers to avoid being potentially dependant on a small number of large contracts. This foresight has resulted in our clients enjoying a wide range of income streams from a varied market which in turn has helped insure stability for the company.
By offering both self-install style balustrades which come in modular kit form, ideal for the DIY market to the fully custom designed balustrade systems for commercial clients, the business is in a unique position of being able to equally attract trade from both markets. As expected, all of the high quality products that Handrails Direct Ltd supply meets with building regulations with the company providing all relevant test data if requested. In addition to the showroom, the business also generates trade through two company websites.
The Handrails Direct & Scottish Balustrades site offers a range of important information on the general services, products and some photographic examples of work carried out by the company. While Handrails Direct Components, is an e-commerce site that allows customers to purchase components direct from the company. The site offers a wide selection of glass clamps, base plates, post-top stems, tubes and other associated items.
The easy to navigate site also offers the option to potential clients of generating instant quotes for custom designed balustrade systems. This relatively low maintenance website has proven to be a terrific source of income for the company and shows no signs of letting up. With the impact of Covid-19 on society, one of the outcomes has been that the general public are increasingly turning to online purchases rather than face to face interactions which will only further benefit well-constructed and established sites such as the Handrails Direct Components website.
The company is now set up in such a way with, experienced staff and with many clever operational systems now being in place that Handrails Direct Ltd is ripe for expansion online and via more traditional channels. Another area that a new owner or investor may wish to consider is the idea of rolling out the business as an owner operator franchise opportunity throughout the UK.
Having built up an excellent reputation within the sector, the company would be an ideal acquisition, possibly for a larger operator to take over the reins and to capitalise on the hard work put in by our clients.
Over recent times our clients have decided that to allow the company to continue its growth, now would be an appropriate time to step aside to allow for a new owner, possibly a larger operator to come in and take over the future expansion of the business.
The business operates from a well presented leased commercial unit within an industrial estate on Newark Road in Glenrothes. The modern unit which is surrounded by similar sized units offers showroom to the front, offices and workshop/ store room with roller door to the rear.
An asking price of £450,000 is invited for the limited company, complete with all goodwill, vehicles, websites and domain names plus trade contents and equipment relating to the business. A full inventory will be completed to detail all items included in the sale. Stock at valuation.