Business Summary:
Precision Engineering Company Specialising in Manufacturing Medium/Small Batch Size CNC Machined Components
Ref.IT081
Location Berkshire
Asking Price £300,000
Established for two years this business specialises in manufacturing parts and components for the industrial sector. This is a light engineering company producing precision components for high tech companies, machinery and equipment. The business is fully equipped with modern tools combined with CNC and traditional machinery. The capacity of the equipment has been specifically accumulated over the years to compliment a varied range of customer requirements.
There are excellent contracts in place to ensure future revenues and with the market outlook for the industry in very good shape the business is positioning itself for future growth. This business is attractively priced based on equipment, performance and growth potential. The price includes all equipment and inventory, a strong client base, which has been established with several long standing customers, resulting in repeat orders.
The product range varies according to the need of customer. The diverse skilled workforce has high levels of expertise. This knowledge and skill produces various components that are manufactured for a wide cross section of industries. With its wide capacity range, it offers a very flexible package to its present customers, and potential customer base.
Most of the sales are from repeat business, supplying the business with a definitive competitive advantage. Regular repeat business from clients is testimony to the business\'s unrivalled reputation for quality and reliability. The business is an excellent opportunity to invest in an established name that prides itself on good old-fashioned customer service, commitment and leading product ranges.
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| Year
Business was Established: 2007 |
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| Number of Employees:
13FT |
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| Facilities / Terms of Lease:
The company occupies a modern, extremely well maintained unit on a vibrant industrial estate. The unit comprises workshop and office, both modern and well decorated, with all the usual facilities. The business also benefits from 20 parking spaces. The premises are leasehold and there is an excellent longstanding relationship with the landlord. A new lease will be negotiated on terms agreeable to both parties. Rent is currently circa £60,000 per annum and rates payable circa £22,060. |
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| Potential
Growth/Expansion:
There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation. |
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| Competition:
Having been established for 2 years this business does little by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. |
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| Owner
willing to train:
The owner will provide full business familiarisation, training and handover in order to ensure a smooth transfer is achieved. |
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| Reason for selling:
This is a genuine retirement sale. |
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Seller Reference Number: IT081
BusinessMart.com Listing Number: 72560 |
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