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Well Established Precision Engineering Business For Sale

Hassocks, West Sussex, UK
Asking Price:
£69,995
Turnover:
£63,443
Net Profit:
Available on request

Business
Please quote reference B06112

Hilton Smythe is delighted to welcome to the market this well-established and busy precision engineering business.

Aims Engineering was established by our client in 1981 and is only now being offered to the market due to our client’s desire for a well-deserved retirement.

The precision engineering business provides a high-quality sub-contract machining service, supplying top quality products. The business has the flexibility to machine intricate components, either turned or milled.

The business offers an increasing range of services including CNC turning, CNC milling, conventional turning, conventional milling and drilling/tapping, to name a few.

The business primarily provides milling and turning services with some grinding and boring however a significant amount of our turnover is derived from the sale of assemblies or sub-contracted parts. We have developed a large and varied customer base of reliable suppliers so that we can be a one-stop-shop for most bespoke precision engineered parts irrespective of our own capacity. We meet the needs of clients on a batch order as well as on a just in time basis. We supply one off proto-types and non-standard parts as well as small and medium batch sizes. Our brand represents a personalised, accurate, reliable and cost-effective precision engineering solution.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by operating on Saturdays. A new owner could embark on a robust marketing campaign to promote the services offered and generate new clients. There is also the possibility to introduce a website to promote the services offered by the business.

This is an excellent opportunity for a new owner to take this well-established family run business to the next level, it would also be an excellent bolt-on to an existing business wishing to expand therefore, early viewing are highly recommended to avoid disappointment.

Location
The business is located in the Ditchling Common Industrial Estate, Hassocks, West Sussex and is situated approximately 1½ miles to the east of Burgess Hill with access via the B2113.

The A23 is located approximately 5 miles to the west providing links to Brighton and Crawley, which in turn merges with the M23 providing access to the M25 and the national motorway network beyond.

Premises
The business is located in a substantial purpose-built industrial building, with a well laid out main workshop area for machinery along with material storage. There is a mezzanine level with office facilities, with further W/C facilities. Further benefits include ample onsite parking.

The sale of the business also includes the following-

CNC Lathe - Daewoo Lynx 200
Surface Grinder - James and Shipman 540
Cut-Off Saw - Super Brown 300DV
Horizontal Milling Machine - Centec
CNC Vertical Milling Machine - Rambo 3V
Centre Lathe - Colchester Triumph 2000
Auto-Sprint - Emi-Mec Series E
Pillar Drill x 2
Tapping Machine x 1
Centre Lathe - Town and Woodhouse TW85
Vertical Milling Machine with Digital ReadOut - Semco
Production Lathe - Hardinge
Centre Lathe - Hardinge
Capston Lathe - Ward 2DS

Tenure
We are advised that the business is being sold on a Leasehold basis, with the 20 year lease due to expire in 2021. The rent is £1,000 per month.

Hours
The business hours are;

Monday – 08:00 – 16:30
Tuesday – 08:00 – 16:30
Wednesday – 08:00 – 16:30
Thursday – 08:00 – 16:30
Friday – 08:00 – 16:30
Saturday - Closed
Sunday - Closed

Staff
We are advised that the business has 1 full time and 1 part time members of staff.

Financial Profile
We are advised that the business generates a turnover in the region of £64,000, with an adjusted net profit in the region of £20,000. Full financials can be made available upon further request.

Please quote reference B06112

Property Information

Property:

Leasehold

Contact Hilton Smythe

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