Total of 18794 firms and businesses for sale today Monday 12th November 2018
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Finance And Services:

Business For Sale. Manufacturer Of Precision Pressings, Stampings & Assemblies

LISTING DETAILS
Firms For Sale ID:
34941
Vendor reference:
IT091
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£290,000  
Turnover / revenue:
£241,000
Net profit / cashflow:
£80,000
Years established:
65
Trading hours:
The business currently operates on a one shift system, Monday to Thursday from 8:00am to 5:00pm and until 1:00pm on a Friday. This could be expanded if need be.
Number of employees:
4
Employees / staffing:
The vendors works in the business on a day to day basis and is hands-on with machine operation as well as administration but has been coaching the team with the result that they been taking more and more responsibility as time has progressed. The business employs 4x Machine Operators on a full time basis.

OTHER DETAILS
Reason for selling:
The owner is planning retirement.
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 small commercial area but close to a well known business park, in a busy Buckinghamshire Town. The premises are circa 1,750 square feet on one floor with all facilities available. The premise offer excellent value for money and are located in a fabulous semi rural location, very close and in easy access of A roads and nearby M40 and M25 motorways. We are advised rent, rates and water are circa GBP 12,000 p.a.
 
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BUSINESS DESCRIPTION
Specialist Engineering Company
Manufacturer of Precision Pressings, Stampings & Assemblies, Since 1953
Ref. IT091
Location : Buckinghamshire
Asking Price : GBP 290,000 Inc. Assets
Set up over 65 years ago and as such is a very well established and reputable business providing a comprehensive range of niche products and engineering services to a variety of clients in various manufacturing sectors but primarily in electronics/electrical, supplying to the medical and agricultural industries.
The business comprehensive metal pressing facility offers progression presswork for high volume parts, simple single stage tooling for medium to low demand with more complex Deep Drawn press work up to 75 tonne capacity producing a diverse range of pressings.
The company has the facility to supply both large and small parts together with large or small batches; it has traded successfully for many years with current level of equipment still maintaining the levels of production that the customer base demands.
The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability enables the business to take on varied and challenging projects for its clients and customers.
From first contact to completion the onus is geared towards complete customer satisfaction. The business is committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.

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.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a basic yet informative website but does very little in the way of proactive marketing.