Total of 17097 firms and businesses for sale today Wednesday 8th February 2012
Business For Sale. Specialist Sub Contract Precision Engineering Company For The Aerospace, Defence
LISTING DETAILS
Firms For Sale ID:
12267
Vendor reference:
IX018
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,500,000
Furniture, fixtures and fittings included.
Furniture, fixtures and fittings included.
Turnover / revenue:
£2,100,000
Net profit / cashflow:
£350,000
Years established:
19
Trading hours:
The business hours are Monday to Friday 6.00am to 6.00pm and Saturday 6.00am to 1.00pm.
Number of employees:
21
OTHER DETAILS
Reason for selling:
The owner of the business wishes to retire.
Support and training:
The owner of the business is willing to assist in a smooth transition with the new owner, for a period to be negotiated prior to the sale.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The current lease at a cost of £43, 678 per annum is due to expire in 2012, and a new lease is renewable.
BUSINESS DESCRIPTION
Specialist Sub Contract Precision Engineering Company for the Aerospace, Defence, Hydraulic, Marine and Medical Industries
Ref.IX018
Location South Coast
Asking Price £ 1,500,000
Established in 1991, this business specialises in manufacturing parts and components to the industrial sector. The Company is a well established and highly regarded CNC Precision Engineering operation. Specialising in milling and turning of high quality precision machined components particularly for the aero space, defence, hydraulic, marine and medical industries. The business carries out sub-contract work for a prestigious list of regular customers and enjoys a good working relationship and regular work from a number of companies across the UK.
Primarily a batch and contract supply specialist, this business can work with any order volume - a single specialised product, volume batch manufacture or contract supply timed to meet a customer’s particular production schedule. This business is equally happy to manufacture on a complete supply basis or as processors of free-issue components or materials.
The business has the resources and expertise to undertake complex turned and milled components in any material to customer specifications and tolerances. The company can also undertake finishing, polishing, painting etc. using approved outside sources. Above all the business is committed to providing the highest level of service to every customer with efficient working practices; rapid response times and sensible pricing that create a winning package, which is the envy of competitors. The business provides high quality service and standards of workmanship and has an excellent reputation.
With a trading history extending over nineteen successful years, the Company offers an established reputation and valuable client base. The Company also has excellent scope for further development and the opportunity to develop new markets and forge growth through the expansion of the current client base. The Company offers a substantial annual turnover with strong gross and adjusted net margins.
Although the business benefits from many loyal customers there is huge scope for a potential purchaser to increase further the breadth and depth of the customer base.