Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Precision Sheet Metal And Fabrication Engineering Company -commercial Sector
LISTING DETAILS
Firms For Sale ID:
32579
Vendor reference:
IX023
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£570,000
Turnover / revenue:
£510,000
Net profit / cashflow:
£196,000
Years established:
30
Trading hours:
Monday – Thursday: 7.30 am - 4.45pm
Friday: 7.30 am -12 noon
Number of employees:
5
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current vendor is willing to stay and facilitate the hand over for an agreed period of time.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business trades from its own purpose built, freehold premises of circa 6,800 square feet, which incorporates warehousing, manufacturing and offices. The vendor will offer a new lease to the purchaser or alternatively the freehold could be made available by separate negotiation, if required.
Rates: £7,910
BUSINESS DESCRIPTION
Precision Sheet Metal and Fabrication Engineering Company -Commercial Sector
Ref.IX023
Location Bucks/Beds/Northants
Asking Price £ 570,000
This precision sheet metal and fabrication engineering company, established in 1983 by the vendor, has many years of experience in the development and production of a wide range of component sheet metal parts for various sectors, including the communications and electronic industries.
The business has gone from strength to strength and has invested in the latest production systems, which combined with the traditional skills of the engineering staff and with the CNC technology the business can produce the most effective solutions for customers. Superbly equipped with state-of-the-art CNC machinery and extensive workshop facilities, the business offer a range of services to satisfy the majority of clients’ requirements and are committed to a fast and top quality turnaround, assisted by a fully enabled job tracking system.
Expansion Potential
There is an excellent opportunity to build on the existing base of this company. Growth to date has been mainly organic, based on word of mouth and recommendations. An effective and focused sales strategy would reap considerable benefits, driving forward both volume and profitability.
The owner has run the business at a level he was comfortable with and feels that a new owner would benefit from some changes, including an increase in shift patterns and the possible manufacture of its own product.
Market / Competition / Non-Competition Agreements
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, the most effective form of advertisement for any organisation and its reputation enhancement. No real advertising has been used although the company does have an effective web presence.