Precision Engineering Company For Sale

Business description

Precision Engineering Company Specialising in Manufacturing Medium/Small Batch Size CNC Machined Components

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.

The Company is known for its quick turnaround times, competitive prices and high quality products and has all the required facilities, research development and pre-production to develop ideas and needs into superb finished items, all under one roof.

Equipment:

The business owns and maintains a wide inventory of machines and fixtures and fittings which are necessary for the daily operation and smooth flowing of the business.

Customer Service:

The company are proud of the service that is offered to customers. These services are broad and represent the company focus on responding to customer needs. The company has a considerable investment in its image .The Company commitment is to offer a complete engineering function alongside the very best in customer service, a powerfully effective blend of technology and tradition that enables the provision of total solutions to meet customers’ precise requirements in terms of response times, deadlines, costs and quality. This level of customer care has resulted in the acquisition of new accounts by referral and word of mouth.


Key Strengths:

The business is profitable and enjoys an excellent reputation. The strengths of this company include its expansive product knowledge, and its technical expertise. The business is a fully functional multifaceted operation with credibility. The range of products supplied by this business offers the ultimate in quality, design flexibility, affordability and attention to detail. The company has earned and maintained an impressive base of satisfied repeat account clients and continues to attract new referrals. The business has earned an outstanding reputation for its service, reliability, open customer experience, excellent quality and highly knowledgeable and experienced staff. The finished goods delivered on time every time at a competitive yet profitable price. The business has excellent forward orders.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with low overheads, positive cash flow, high gross and high net profit and has shown consistent growth.

Property information

Property:

Leasehold

Lease terms:

Rent is currently circa £60,000 per annum and rates payable circa £22,060.

Location:

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.

Other information

Expansion potential:

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.

There is virtually no current advertising undertaken, nor is there currently a website. There is little doubt that with sales and marketing strategy in place and a professionally designed web or e-commerce site, that the turnover and profits of this business could increase quickly and substantially.

This business maintains an diverse base of satisfied clients, who appreciate the company’s superior service. There are excellent opportunities to increase the level of business

The current market for this business is buoyant and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

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.

Support & training:

The owner will provide full business familiarisation, training and handover in order to ensure a smooth transfer is achieved.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

The business opens Monday to Thursday from 7.00am to 6.00pm dayshift. 6.00 pm 7.00 am nightshift.