* Included in Asking Price
Asking Price £ 245,000
Asking price includes:
Turnover circa £237,309 per annum
Gross Profit circa £74,731
Net asset value (£130,000) + (stock, currently £50,000)
Great Reputation for quality work
Plenty of repeat business
The business manufactures and supplies precision turned parts for all types of industry, on sliding head and fixed head CNC lathes. The business quotes for small or large sets in all materials including aluminium, brass, stainless steel, nylon and plastic.
Established over 30 years, the vendor started this business and it became incorporated in 1977. The vendor has invested heavily in modernisation incorporating eight CNC machines and two cam auto machines, capable of producing far more work than is currently being undertaken.
The business is respected and has a wide-ranging, loyal and regular customer base from across a range of industries. The capacity and flexibility offered allows a very fast turnaround of even the most complex components without sacrificing quality.
Established for many years, with accreditations in place and longstanding client relationships, this business is well positioned to withstand any competition.
|Facilities:||The vendor owns the freehold of the company and will create a lease for the incoming party at a rent to be agreed.
The property comprises of a 2,500 sq. ft. shop floor plus mezzanine, 2 offices and 2 WC’s. The premises are fully secured with an alarm system.|
|Competition:||As a very well established company this business has little need for advertising. The business has its own website and advertises in Yell.com. The reputation of the business ensures constant repeat business, however there is scope to bring the business up to date by encompassing social media ie: Facebook, Twitter etc.|
|Growth Potential:||The vendor has now reached retirement age and is happy with the current income the business produces, having lost the drive to grow the company. There is capacity for increased production within the exisiting framework. The CNC machines have additional scope for manufacturing and supplying a great deal more than is presently undertaken. Increased marketing could certainly assist in driving the business forward.|
|Training/Support:||The vendor will provide support and training for the new owner to help with the transition of ownership.|
|Sale Reason:||The business is only now for sale as the vendor has now reached retirement age.|
Seller Reference #IX031
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