Total of 17099 firms and businesses for sale today Tuesday 7th February 2012
Business For Sale. Engineering Company
LISTING DETAILS
Firms For Sale ID:
8251
Vendor reference:
IT033
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,100,000
Turnover / revenue:
£600,000
Net profit / cashflow:
Undisclosed
Years established:
27
Trading hours:
Monday: 8:00am-5:00pm
Tuesday: 8:00am-5:00pm
Wednesday: 8:00am-5:00pm
Thursday: 8:00am-5:00pm
Friday: 8:00am-5:00pm
Number of employees:
25
OTHER DETAILS
Reason for selling:
Both directors have stated their wish to retire and feel that it is now time to pass the business on to a new management team to drive it forward to the next level.
Support and training:
Having built the business from scratch to where it is today the owners are very keen to make sure that the sale includes a professional and seamless handover. This will be negotiated to suit all parties.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold and cover 1600 square feet. The lease cost is £1200:00 per month and is currently being reviewed
BUSINESS DESCRIPTION
Engineering Company
Ref.IT033
Location Lancashire
Asking Price £ 1,100,000
This engineering business was established by its owners in 1984 and has grown consistently year on year ever since. It has a broad range of services it can offer to its customer base. They are specialists in CNC Machining, Capacity CF-17D, Wire Eroding, Spark Eroding, Design of Jig and Fixtures, Toolroom Milling, Turning and Grinding, and Mould Manufacturing.
What it does
This high tech engineering company specialises in producing high specification equipment built to exacting standards. While its main catchment area is within a radius of fifteen to twenty miles it supplies its services to customers with operations across the world and has established an enviable reputation for producing high quality, technically complex machines and equipment on time and within agreed cost perimeters. While there is some competition in the area this is minimalised due to their ability to handle large capacity pieces of equipment.
As such it can claim to have customers in key industries where quality and precision is not just desirable its imperative.
The client bank includes the Aerospace Industry, the Nuclear Trade, Automotive Manufacturing operations, Food Manufacturers and the Chemical Industry.
The success and growth of this business has been achieved by the ability of the two key directors to advance the operation in line with the latest technology. This has kept them at the forefront of the industry, and enabled them to maintain profitability at times where others failed.
There has never been a structured approach to sales, and there is no advertising budget. The company has a web site and supplies business brochures where necessary.