* Included in Asking Price
Freehold CNC Precison Engineering & Manufacturing Company
Location Greater Manchester/Lancashire
Asking Price £ 1,050,000
Asking price includes:
Substantial full equipped freehold premises circa £530,000*
Workshop/Offices circa 15,000 square feet
Extensive range of CNC Machines & Equipment circa £250,000*
Turnover for 2012 financial year circa £623,000 p.a.
Gross Profits for 2012 financial year circa £261,000 p.a.
Turnover for 2013 financial year circa £500,000 p.a.
Net Asset Position circa £780,000*
Almost 35 years historical trading
Varied client base
All fixtures and fittings
Set up almost 35 years ago this very well established and reputable business provides a comprehensive precision engineering service to a variety of clients throughout the UK. The company specialises in the manufacture and supply of high quality turned and precision parts using a variety of materials including mild steel, stainless steel and aluminium. The company supplies both large and small products to the aerospace, automotive, offshore, petrochemical, printing and rail industries with customers based throughout the UK.
The business has been developed over time with significant re-investment in the company, its quality systems, equipment and its premises. The company can boast a substantial level of modern automated plant and machinery complimented by long serving and highly experienced staff that means it can provide a full turnkey solution, be it the manufacture of one-off items through to medium batch work and final assembly.
The business also has its own internal inspection facility to ensure customers receive only the highest quality products and services. This internal capability is backed up with its ISO9001 registration that enables the business to take on varied and challenging high profile projects for blue chip end users.
The business can boast some very impressive customers and serves a wide range of industries.
From first contact to completion the onus is geared towards complete customer satisfaction.
The business has in place a responsible workforce from the top down with staff committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.
|Facilities:||The business operates from substantial freehold premises. The site itself is large and comprises a 3 bay industrial unit (one high bay with 5-Tonne crane, 2 lower bays) circa 15000 square feet. The building comprises large workshop/production area, inspection room, offices, stores, canteen and reception areas with further mezzanine storage area.
The outside is circa 4,000 square feet comprising car park and access yard. The freehold site was recently valued at circa £530,000. The freehold is included within the asking price. Rates payable are circa £19,000p.a.|
|Competition:||The business could benefit from a more strategic medium/long term sales and marketing campaign. It has a basic yet informative website but does no active forms of marketing.|
|Growth 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.|
|Training/Support:||The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. This should be a relatively simple process as the vendor is not involved in the busineess on a day to day basis.|
|Sale Reason:||The owner is looking to retire.|
Seller Reference #IX027
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