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Asking Price$602,220
Revenue$1,204,385 Established1994
Cash Flow$585,465 Employees5 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Precision Engineers & Manufacturing Co. Serving the Food Industry

Ref.IX024
Location South Cheshire/North Staffordshire
Asking Price £ 360,000
Leasehold

Asking price includes:

Turnover for current financial year circa £720,000 per annum
Gross Profits circa £350,000 per annum
All Plant & equipment
Fleet of 5 vehicles and forklift truck
Stock
High profile clients
Specialist range of products
Highly skilled workforce
Own design and specifications
Full turnkey solution
Training and handover
Low overheads
Website
Goodwill
Business profile:
This well established and reputable business was set up by the vendors over 20 years ago and in that time has grown into a highly skilled and professional precision engineering and manufacturing company serving the food industry.

The company designs, manufacturers and supplies a range of specialist machinery and associated parts and components to a range of large companies involved in the food industry. The majority of products supplied are manufactured in stainless steel material to a very high specification. The company provides a complete turnkey solution from initial design through to supply and installation on a nationwide scale.

The company supplies direct to the end user/manufacturer and their approved contractors and as such can boast some prestigious blue chip companies amongst its clientele. Typical products this business supplies include:

• Food Cutting machinery
• Conveyors
• Drainage systems
• Sheet and tubular stainless steel fabrications
• Factory furniture

The business has a highly skilled workforce and manufactures and supplies to exacting standards. Its infrastructure is such that it can meet the most demanding customer requirements.

The business has built up a sterling reputation based on quality, knowledge and superior product design and manufacture . The company currently carries out pretty much all production in house.This ensures excellent quality control and superior product delivery.
Facilities:The business operates from ideal leasehold premises on a small industrial estate. Current lease is for 10 years with approx 2years remaining. Rent is circa £14,000 p.a. Rates are circa £9000 p.a. The premises are circa 11,000 square feet including shop-floor, reception, office area, kitchen, canteen and toilets. The business currently only utilises circa 8,500 square feet. There is also an external yard with parking. The site is alarmed (Redcare), and secure.
Competition:The business has a basic yet informative website showcasing its products and services.
Growth Potential:Even though the business is well established there are significant opportunities to expand. The company does not employ any dedicated sales representatives nor does it have a catalogue to supply architects/specifiers/contractors and end users illustrating the products it can supply. The vendor has never proactively chased work he has been totally reactive to the ongoing demand. A more proactive approach could significantly increase revenues as the products and services it provides are required on many more manufacturing and production sites throughout the UK and overseas. The business has spare capacity in terms of infrastructure. Further promotion of the other products and services it provides (or could provide) could certainly increase expenditure with existing customers.
Training/Support:The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as existing members of staff are fully conversant with the running of the business and are able to run the operation on a day to day basis if need be. The vendors may be prepared to stay on for a further period as required, subject to negotation should a new buyer so require.
Sale Reason:The vendors are planning their exit strategy.
Ad #61357
Seller Reference #IX024
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Contact This Seller
Turner Butler
0044 1895256000
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