Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Pecialist Precision Engineers - Turning & Milling High Specification Engineered Components

LISTING DETAILS
Firms For Sale ID:
33223
Vendor reference:
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£210,000  
Turnover / revenue:
£242,605
Net profit / cashflow:
£71,506
Years established:
52
Trading hours:
Monday – Friday: 7.45am - 4.45pm
Number of employees:
4
Employees / staffing:
The owners employ 2 x Turners, 1 x Office Manager and 1 Office Assistant.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The owner is willing to stay as long as required to facilitate a smooth handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Current rental is £13,250 per annum and Rates of £6,265 per annum.
 
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BUSINESS DESCRIPTION
Leasehold

Asking Price: £210,000 + SAV


Asking price includes:

Turnover circa £242,605 per annum
Gross Profits circa £163,852
EBITDA: £71,506
BSI Accredited Company
ISO 9001 Accredited
All machinery including CNC Machines and Lathes
52 years trading history
Excellent repeat client data base

Established in 1961, this family run business specialises in turning, milling and surface grinding, producing specialist high specification small components for the electronics industry including but not limited to companies such as Vistec, an American Electronics company. Vistec Holland and TMD Technology.

The company specialises in the manufacture and supply of high quality turned precision parts using a variety of materials including Molybdenum, Nickel, Alloys, Steels, Macor and Shapal, Shapal M, Ceramics, Brass Copper and Plastics.

Specialist precision engineering company of long standing with an excellent trading reputation. ISO 9001 accredited the business provides welding facilities as part of assemblies, but not purely welding. CNC Milling and turning is undertaken as a small percentage of work.

Expansion Potential
The company has traded for fifty two years and has maintained its position of excellence, however it would benefit from an active advertising campaign.

The business maintains a significant number of satisfied customers, who appreciate the company's superior products and skill sets, attention to detail, value for money and service.

There are many excellent avenues for growth, especially within the current operations capacity. A dedicated sales and marketing effort would yield significant levels of additional business and profitability as by its own admission the business tends to be reactive rather than proactive in its approach to sales and marketing.