Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Specialist Precision Engineering Company Specialists In Fine Limit Sheet Metalworking

LISTING DETAILS
Firms For Sale ID:
35110
Vendor reference:
IH038
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£450,000  
Turnover / revenue:
£440,000
Net profit / cashflow:
£300,000
Years established:
18
Trading hours:
The business currently operates 8:00am - 5:30 Monday to Thursday and 8:00am – 1:00pm on a Friday.
Number of employees:
5
Employees / staffing:
The 2 directors/vendors work in the business on a day to day basis. One director is hands on as a manager of the business including customers and the other is responsible for financial & administrative duties but both are supported by an experienced production manager. The company employs: 2x Directors/Vendors 1x Production Manager 2x Welders 2x Fabricators/Sheet Metal Workers

OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy due to retirement.
Support and training:
The current owners 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 an older, well-known business park in the heart of West Sussex. The premises benefits from a recent new roof and are circa 3,600 square feet ground floor area with workshop, toilets, offices and canteen. The premises also has a yard with ample storage, turnong and parking area of circa 10,000 square feet. The premises offer excellent value for money and are located in a semi rural location, very close and in easy access of main trunk roads roads, Gatwick Airport and nearby motorways. The premises are leased on an informal arrangement which can be made more secure for a new owner if required and we are advised that rent is circa £2,200 per month and rates are circa £6,000 per annum.
 
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BUSINESS DESCRIPTION
Specialist Precision Engineering Company
Specialists in fine limit sheet metalworking
Ref. IH038
Location : West Sussex
Asking Price : £450,000 + Net Assets
Established by the vendors in 2003 this highly equipped and very well established and reputable business provides a comprehensive range of highly specialised precision engineering fine limit sheet metalworking products and services to a variety of clients in the manufacturing sector internationally.
The company specialises in the manufacture and supply of high quality and high added value fabricated metal parts and whole assemblies using a variety of materials including aluminium, mild steel, stainless steel and zintec steel. The company supplies both large and small products that are manufactured on both a bespoke basis and also made for stock and called-off by customer requirement.
The business has been developed over time with significant re-investment in the company, its quality/inspection systems, equipment and its premises. The company can boast a substantial level of up to date plant and machinery including latest state of the art machining centers and back office systems. It specialises in manufacturing for many sectors including the packaging industry, aerospace, automotive, construction, oil & water.
Though almost exclusively a UK supplier, the company does supply to the USA via a UK customer.
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 high profile projects for blue chip end users.
The business has over time designed and developed many products that are the results of solving complex technical problems for its customers and retains significant intellectual property assets as well as being the obvious choice for customers requiring spare parts, replacement assemblies or even fine art sculpture & installations.
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.
The company has the highest standards but will never be beaten on price, operations are geared perfectly for the optimum economic return on all resources – whether people or plant. Even so, the company is one where all employees are happy to work and to work hard, as evidenced by their commitment and years of loyalty.

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 recent marketing activities find new customers around the UK.

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 resource in place.

The company has no relationships with in-country agents to take advantage of the potential for overseas sales, this effort could be increased and it is believed would yield excellent results.

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.

In saying that the website ranks very well on Google for explicit searches for the specialised products that the company manufactures.