Total of 18656 firms and businesses for sale today Tuesday 19th March 2024
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Sold. Food Industry Processing & Packing Machinery Engineering Services

LISTING DETAILS
Firms For Sale ID:
34786
Vendor reference:
IV031
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£340,000  
Turnover / revenue:
£500,000
Net profit / cashflow:
£140,000
Years established:
25
Trading hours:
The business currently operates on a one shift system, Monday to Friday 8:00am 5:00pm. This could be expanded if need be.
Number of employees:
6
Employees / staffing:
The Owner of the business, lives in the USA and the day to day running of the business is managed by an Operations director, an Accounts Assistant and Store man together with two Service Engineers and a Workshop Engineer. The business also selects from a pool of tried and trusted sub contract field engineers, as and when required.

OTHER DETAILS
Reason for selling:
The owner is planning retirement and already lives full time in the USA.
Support and training:
The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. One/both may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from fully equipped leasehold premises that are located on a farm industrial complex near a busy Berkshire town and within easy access of the M4 motorway. The premises are circa 4,000 square feet including the workshop on the ground floor area and includes a store area on a mezzanine. Rent and rates are payable: GBP 18,600 per annum.
 
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BUSINESS DESCRIPTION
Specialist Food Industry Processing & Packing Machinery Engineering Services Company
Vendor Finance offered
Ref. IV031
Location : Berkshire
Asking Price : GBP 340,000
Established approximately twenty five years ago by the current Owner of the business, following a successful career within the process machinery sector, the Company has grown to become one of the UKs largest independent suppliers of packaging machinery.

The Company has supplied equipment for production plants throughout the UK and across Europe for many applications in a variety of industries both food and non food.

The Company offers a Total Solutions approach for its client base. It is extremely competitive often more cost effective than the competition, even when providing machines with greater capacity. As well as its own Smart range of machines specialist slicers and presses, SmartSlice and SmartPress, for which it holds the design rights, and works with suppliers throughout Europe to develop bespoke production lines to meet all packaging requirements. The business has solid sole agency agreements in place and works very closely with some of the leading OEMs including Autotherm with its range of cookers and smokers, Butcherboy with its range of mincers and mixers, and AFM one of the worlds largest food service machinery manufacturers. Whilst machines supplied by the Company comes primarily from four major OEMs including Autotherm, Butcxherboy and AFM assembly, installation and commissioning is undertaken in house.

Packaging equipment frequently supplied includes Vertical Form Fill & Seal, Flow Wrappers, Pouching equipment, Tray Sealers, Mono Bloc systems, Filling systems and Capping and Labelling machinery. The business also supplies specialist food processing equipment for filling and enrobing extremely popular in the expanding snack and party foods markets.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.

It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as its proprietary designs and products consistently find new customers around the world.

The business currently operates a one shift pattern. There is no reason why this cannot be expanded should a new owner look to put more resources in place.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has an attractive and informative website but does very little in the way of proactive marketing. The website ranks very well on Google for explicit searches for the specialised products that the company manufactures & services.