Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Cnc Engineering Company Manufacture Of Repetition And Precision Turned Parts
LISTING DETAILS
Firms For Sale ID:
28961
Vendor reference:
IH034
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Business opportunity:
Asking price:
£425,000
Turnover / revenue:
£328,000
Net profit / cashflow:
£53,000
Years established:
1971
Trading hours:
Monday – Friday: 0900-1700
Number of employees:
7
OTHER DETAILS
Reason for selling:
The vendor is planning exit strategy as wishes to spend more time with young family.
Support and training:
The current owner would be happy to provide full training and support at handover and stay on for a period ot time after the sale if so required subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
CNC Engineering Company Manufacture of repetition and precision turned parts
Ref.IH034
Location Cheshire/Greater Manchester
Asking Price £ 425,000
Set up over 40 years ago this very well established and reputable business provides a comprehensive precision engineering service to a variety of clients, predominantly throughout the North West of England. The company specialises in the manufacture and supply of high quality turned and precision parts using a variety of materials including mild steel, stainless steel, aluminium, brass, copper and plastic, including nylon.
The business has been developed over time with significant re-investment in the company and its premises. Because of this the company can boast a substantial level of modern automated plant and machinery complimented by long serving and highly experienced staff. The business also has its own internal inspection facility to ensure customers receive only the highest quality products and services. This internal capability has enabled the business to take on varied and challenging projects over time including up to 2” diameter bar work and up to 8” diameter billet work using a wide variety of materials.
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.
Market / Competition / Non-Competition Agreements
The business has used very little advertising in the past and there are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors. It does have a basic informative website that could be further developed.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue