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Asking Price$465,915
Revenue$1,037,437 Established2004
Cash Flow$132,009 Employees4 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
High-Precison CNC Turning Sub-Contract Manufacturing Company
BS EN ISO 9001:2008
Ref.IX028
Location Fife, Scotland
Asking Price: £ 300,000
Leasehold

Asking price includes:

Purpose built leasehold manufacturing facility
Extensive range of CNC Machines & Equipment
Turnover in excess of circa £668,000 p.a.
Typical Gross Profits circa £427,000 p.a.
Net Profit circa £85,000 p.a.*
Net Assets circa £182,000
Almost 10 years historical trading
Varied client base
All fixtures and fittings
Skilled staff
Superb reputation
Website
Goodwill
Set up almost 10 years ago this young, yet very well established and reputable business provides a comprehensive precision engineering service to a variety of clients. The company specialises in the manufacture and supply of high quality turned and machined component parts using a variety of materials including mild steel, stainless steel and aluminium. The company supplies both large and small products to the oil and gas, offshore and petrochemical industries based throughout Scotland.

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 including latest state of the art CNC lathes 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 small and medium batch work and final assembly.

The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability is backed up with its ISO9000 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 purpose built leasehold premises that are located on a well-known business park. The premises are circa 6,000 square feet. The building comprises large workshop/production areas, offices, kitchen and toilets. We are advised current lease is for 5 years. Rent is circa £26,000. Rates are circa £10,900 p.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 very little in the way of proactive marketing. It occasionally attends trade shows but again this is an area for further development.
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. It is already seeing growth in terms of new enquiries as UK manufacturing starts to grow again.
Training/Support:The current owners would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. Several of the directors may be prepared to stay on with the busiens for a further period of time should a new owner so require, subject to negotiation.
Sale Reason:The owners are planning their exit strategy.
Ad #63863
Seller Reference #IX028
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Turner Butler
0044 1895256000
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