Total of 18656 firms and businesses for sale today Friday 19th April 2024
Sold. High-precison Engineering Company Cnc/cad/cam/toolmaking
LISTING DETAILS
Firms For Sale ID:
34326
Vendor reference:
IX032
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£249,000
Turnover / revenue:
£241,000
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
1
Employees / staffing:
This is a family run business. The 2 directors work in the business on a day to day basis. On director is very much hands on with regards engineering. The other is more responsible for the administrative duties. The business also employs one highly capable production operative/programmer/machinist.
OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy due to pending semi-retirement.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. One/both may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
HighPrecison Engineering Company
CNC/CAD/CAM/Toolmaking
Ref. IX032
Location : Powys, Wales
Asking Price : GBP249,000
Set up almost 20 years ago this highly equipped and very well established and reputable business provides a comprehensive range of precision engineering and CNC manufacturing services to a variety of clients in numerous sectors.
The company specialises in the manufacture and supply of high quality and high value turned and machined component parts and tools using a variety of materials including tool steel, stainless steel and aluminium. The company supplies both large and small products to amongst others the automotive industry.
The business has been developed over time with significant reinvestment in the company, its quality/inspection systems, equipment and its premises. The company can boast a substantial level of modern automated plant and machinery including latest state of the art CNC machining centers and back office systems. It specialises in small batch sizes and it can provide a full turnkey solution, be it the manufacture of oneoff items through to small and medium batch work.
The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability enables the business to take on varied and challenging high profile projects for blue chip end users.
The business can boast some very impressive customers and serves a wide range of industries.
From first contact to completion the onus is geared towards complete customer satisfaction.
The business is committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure. It only uses European sourced materials because of this.
Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale. It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as UK manufacturing starts to grow again.
The business currently operates a one shift pattern. It has spare capacity in excess of 40%. There is no reason why this cannot be expanded should a new owner look to put more resource in place to feed the machinery.
Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic medium/long term sales and marketing campaign. It has a basic yet informative website but does very little in the way of proactive marketing. In saying that the website ranks very well on Google for may generic engineering searches such is its historical listing. It occasionally does a small amount of direct mail to target clients.