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Finance And Services:

Sold. Specialist Non-ferrous Sand Casting Foundry

LISTING DETAILS
Firms For Sale ID:
34568
Vendor reference:
IS050
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£295,000  
Turnover / revenue:
£600,000
Net profit / cashflow:
Undisclosed
Years established:
66
Number of employees:
7
Employees / staffing:
The business employs 2 of the shareholders as Directors in the company, one looks after the office whilst the other manages operations. In addition, there are 7 full-time staff members fulfilling a variety of roles including Fettler, Moulder and Labourer.

OTHER DETAILS
Reason for selling:
After many years in the trade building a successful business, the vendors are looking to hand over the company on an upward trajectory to someone who can take things to the next level. They are both of retirement age and would be looking to wind down and enjoy the fruits of their labour.
Support and training:
The owner/s would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from Leasehold premises of approx. 6,000 sq. ft. The workshop is on the ground floor with offices and a store room located on the first floor. The current lease still has c. 5years to run and the current rent is approx. GBP 54,000 pa. The business could also be relocated.
 
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BUSINESS DESCRIPTION
Specialist NonFerrous Sand Casting Foundry
Ref. IS050
Location : West London
Asking Price : GBP295,000
This wellestablished business has been successfully trading since the 50s with the current shareholders at the helm for the majority of that time. Their combined knowledge, expertise and experience helped win and retain a loyal following of customers and attract the right caliber of staff to carry the companys good name. The company is now very well positioned as a wellrespected Foundry serving many sectors, including Automotive, TV and Film, bespoke decorative pieces and specialist small to medium volume castings. The customer base is loyal, such is the reputation this business has secured as being flexible and able to overcome challenges and solve problems.

The business is well established and easy to run with no bad debts and a good cash flow. There is continual work in progress with good growth over the past few years. This is an excellent opportunity for new owners to take over the existing business and obtain their database of regular repeat high profile clients, which the company has secured.

The business would certainly benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. Through choice, the vendors have been selective about the volume of work they have taken on over the last few years.

The Foundry specializes in Aluminium Alloys and Bronze Alloys and the business aims to provide high quality castings regardless of quantity or complexity.

Expansion Potential
The business is primed for expansion. The current building and company set up comfortably accommodates the current level of trade and has scope for a 30 40% upturn in turnover. A targeted marketing campaign driving traffic to the website would show the market some surprising and instantly recognisable products.

A larger foundry could slot this business into its operation, leaving many of the operating costs behind and reaping the rewards for an economies of scale acquisition.

Market / Competition / Non-Competition Agreements
The business has maintained a constant presence in the marketplace over the years, with regular stands at Classic Car exhibitions. The customer database is comprehensive and would allow for both traditional mail, and e mail shots to existing clients and registered users.