Total of 18659 firms and businesses for sale today Tuesday 30th April 2024
Sold. High-precison Cnc Turning Sub-contract Manufacturing Company
LISTING DETAILS
Firms For Sale ID:
33729
Vendor reference:
IX028
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£995,000
Turnover / revenue:
£700,000
Net profit / cashflow:
£400,000
Years established:
10
Trading hours:
The business currently operates on a 2 shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
4
OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. Several of the directors may be prepared to stay on with the busiens for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
High-Precison CNC Turning Sub-Contract Manufacturing Company
BS EN ISO 9001:2008
Ref.IX028
Location Fife, Scotland
Asking Price GBP 995,000
Set up almost 10 years ago this young, yet very well established and reputable business provides a comprehensive precision engineering service to a variety of clients. The company specialises in the manufacture and supply of high quality turned and machined component parts using a variety of materials including mild steel, stainless steel and aluminium. The company supplies both large and small products to the oil and gas, offshore and petrochemical industries based throughout Scotland.
The business has been developed over time with significant re-investment in the company, its quality systems, equipment and its premises. The company can boast a substantial level of modern automated plant and machinery including latest state of the art CNC lathes complimented by long serving and highly experienced staff that means it can provide a full turnkey solution, be it the manufacture of one-off items through to small and medium batch work and final assembly.
The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability is backed up with its ISO9000 registration that enables the business to take on varied and challenging high profile projects for blue chip end users.
The business can boast some very impressive customers and serves a wide range of industries.
From first contact to completion the onus is geared towards complete customer satisfaction.
The business has in place a responsible workforce from the top down with staff committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.
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. It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as UK manufacturing starts to grow again.
Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic medium/long term sales and marketing campaign. It has a basic yet informative website but does very little in the way of proactive marketing. It occasionally attends trade shows but again this is an area for further development.