Mecelec Design
Case Study
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Our clients were the owners of Mecelec Design providing special purpose engineering solutions in the Aerospace, Defence and Automotive sectors based in Gloucester.
The two co- owners approached Bristol Business Brokers for advice on how to prepare and sell the business. After building the business for 15 plus years both Directors were planning to retire within 12 months.
The Challenge
The business had three years of good strong trading and a future order book of £2M of projects which would attract a lot of interest both from trade buyers and investors.
BBBs role was to present the business to the right type of buyer that would secure the legacy of the business and protect the workforce but also demonstrate they had experience in growing a UK manufacturing business
The two Directors also had different objectives from the sale, one wanted to retire within 6 months so he could travel with his family, the other Director wanted to stay on part time for a further two years.
The Results
BBB marketing generated 33 buyer leads which were qualified and generated 6 buyer/seller meetings.
From these meetings three offers were generated.
BBB helped the client structure a deal with the chosen buyer that achieved their objectives.
The process of selling the business took 9 months from start through to completion.
“We were recommended to use Bristol Business Brokers by our accountant. Simon was very professional, and he understood our objectives for selling. His marketing generating some very good buyers. After a number of meetings, we chose a buyer that we felt was right to carry on the growth of Mecelec Design. We are both very happy with the outcome and are excited to start the next chapter. We would recommend Bristol Business Brokers especially to other owners of manufacturing businesses”
Neil Pearce
Looking to find a Buyer for your Business?
We have helped many business owners of manufacturing businesses like Mecelec Design sell their business to achieve their goals – whether that is retirement, travelling or a new opportunity.
If you are looking to sell your business or if you have been let down by another broker in the past, talk to Bristol Business Brokers today.
To have a conversation about selling your, give us a call today on 0117 379 0117 or email simon.norton@bristolbusinessbrokers.co.uk