Onbiz Presents a Unique Opportunity to Acquire a Reputable Electroplating Business in Mid-Essex
Onbiz is proud to present an outstanding opportunity to acquire a well-established electroplating company with over 30 years of experience in the metal finishing industry. Based in Mid-Essex, this thriving business has a strong client base, experienced team, and a proven track record of financial success, making it an excellent investment for those in the manufacturing, engineering, or metal finishing sectors.
Business Overview:
- Established in 1979: Over four decades of experience and strong industry relationships, providing a solid foundation for continued success.
- Comprehensive Electroplating Services: Offering zinc plating, anodising, and chemical conversion coatings on steel and alloys, with room to expand the service offerings.
- Skilled Team: The business benefits from a highly experienced management and production team, ensuring a smooth transition for a new owner.
- Assets Included: Sale includes automated rack plating line Xrf, lab equipment, van, and forklift.
- Seller Support Available: The current owner is available to stay on as an in-house consultant for up to four years, providing continuity and support for the new owner.
Facility Details:
- 7000 sq. ft Premises: Located on a busy industrial estate, this spacious facility includes office space, a canteen, and private parking for staff and clients.
- Additional Expansion Opportunity: Adjacent 5000 sq. ft factory with office and washroom facilities will soon be available, offering room for future growth.
- Recent Upgrades: The building was rewired in 2023, ensuring modern electrical infrastructure.
- Flexible Property Terms: The business offers both freehold and leasehold options, with the possibility of purchasing the building outright or negotiating favourable lease terms.
Technology and Systems:
- Bespoke Job Monitoring Software: The modernised PASS system, compatible with Windows, streamlines job tracking and boosts productivity.
Financial Highlights:
- Stable Financial Position: The company is financially solid, with detailed accounts available upon request.
- Retirement Sale: The business is being sold due to the owner’s retirement, presenting a rare chance to acquire a profitable and stable company.
Growth Potential: This business offers significant opportunities for expansion. With increased demand in the automotive, aerospace, and electronics sectors, electroplating services are essential for producing durable, corrosion-resistant parts. As industries shift towards electric vehicles and sustainability, offering eco-friendly plating options could attract environmentally conscious clients. Expanding the service range to include high-value metals, such as gold and silver, and obtaining certifications like ISO or RoHS could open doors to larger contracts and new markets. Additionally, automating the production process could enhance efficiency and increase capacity to handle high-value, complex projects. A website and social media presence would also help reach a broader client base and improve customer engagement.
This is a rare opportunity to acquire a stable, profitable electroplating business in a critical industrial sector, with substantial growth potential. Perfect for strategic buyers seeking a strong presence in the UK metal finishing industry.
Location: Essex
Age of Business: 53 years
Business Category: Manufacturing & Engineering
Asking Price: £700,000
Ref ID: BAA2301132