Business Summary:
Precision Engineering Company
Ref.IX016
Location Cardiff
Asking Price £ 120,000
The business has been trading for a number of years and was purchased by the present owners in 2007. It manufactures high volume turned parts and precision engineered items.
The business has a core client base of over twenty regular customers based from the Midlands down to the South Coast and across South Wales. It also carries out some sub contract work for a select number of customers. At present the business is working a twenty-four hour shift to keep up with demand. It has approximately a twelve-month forward order book.
The owner has only decided to sell the business because the daily administration of the company is diverting him from the job he wishes to do, i.e. engineering. He wishes to stay with the company in an operational position.
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| Facilities / Terms of Lease:
The functional premises cover a total of 3000 sq ft. and are rented at a fee of £9000 per annum inclusive of rates. There is no formal lease in place. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
There is no marketing activity. |
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| Owner
willing to train:
As all the management and employees wish to remain active in the business there will be no loss of continuity and the handover will be seamless. |
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| Reason for selling:
N.A. |
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Seller Reference Number: IX016
BusinessMart.com Listing Number: 67034 |
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