Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Toolmaking And Precision Cnc Engineering Company

LISTING DETAILS
Firms For Sale ID:
34320
Vendor reference:
JH031
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£450,000  
Turnover / revenue:
£693,000
Net profit / cashflow:
Undisclosed
Years established:
27
Number of employees:
7
Employees / staffing:
The business employs 4 directors and 4 engineers on a full time basis. There is 1 steel sales manager, 1 Labourer/Driver and 1 part time cleaner.

OTHER DETAILS
Reason for selling:
The vendor is now looking to retire.
Support and training:
Support and training will be provided for a specified period of time to ensure continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Toolmaking and Precision CNC Engineering Company
Ref. JH031
Location : East Anglia
Asking Price : GBP 450,000
The vendors have owned and run this precision engineering company since 1982 making moulds for the plastics industry, (bottles, caps and closures). Manufacturing on site includes the manufacture of both blow moulds and injection moulds predominantly for the packaging industry, press tools, jigs and fixtures and also specialising in bespoke to order components for the food and drinks industry.

This is a very well respected business with an excellent reputation for the design and manufacture of moulds and precision engineered parts. The business has a substantial level of modern automated plant and machinery, including latest CNC Mills (Milling machines). All this is complimented by long serving and highly experienced staff providing a full turnkey solution.

The business can boast some very impressive corporate customers across a range of industries and has its own internal inspection procedures to ensure customers receive only the highest quality products and services.

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.

Market / Competition / Non-Competition Agreements
To date the business has not invested in marketing. Increasing the marketing in the local area could provide many excellent avenues for growth. Work is achieved through existing contracts, word of mouth and many referrals.

A dedicated sales and marketing effort could yield significant levels of additional business and profitability as, by its own admission, the business tends to be reactive rather than proactive in its approach to sales and marketing.

Investment in a company website could prove to be a valuable asset.