Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Cnc Machine Tool Service & Repairs
LISTING DETAILS
Firms For Sale ID:
28701
Vendor reference:
JH020
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,200,000
Turnover / revenue:
£950,000
Net profit / cashflow:
£200,000
Years established:
1990
Trading hours:
Monday – Friday: 8.30 am- 5.30 pm.
Number of employees:
12
OTHER DETAILS
Reason for selling:
The owners have done a tremendous job to get the business to its current level of success. They feel that it requires new people to take the business to new heights.
Support and training:
Any necessary training and a full handover will be available to ensure continuity of trading.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The property is owned by the current owners of the business. They are prepared to provide a lease agreement to new owners.
BUSINESS DESCRIPTION
CNC Machine Tool Service & Repairs
Ref.JH020
Location East Anglia
Asking Price £ 1,200,000
Established in 1990, this business has developed to the point where it is widely considered the number one provider for the servicing and refit of CNC tools and machinery.
The business is known for its high levels of professionalism. Many aspects of the business have contributed to years of sustained success from the efficient and fast response to client’s initial requests, to the strong relationships that the company’s team of engineers have built up with a multitude of customers over the years, to the comprehensive range of testing and diagnostic equipment to the strong image the business has built up over the years.
The management team have done an excellent job at attracting some fantastic clients. Britain’s top companies across several sectors of industry are regular and long term customers. The business operates in sectors such as Defence, Aerospace, Steel, Food, Marine and Offshore. Most contracts are long term and are renewed on an annual basis.
The business provides an emergency breakdown response. Long term maintenance contracts are tailored to the individual needs of each client. The business supplies spare parts but at the same time is able to completely rebuild machines where required. It is in fact the refurbishment side of the business that the company is so renowned for.
Expansion Potential
This business is in the right place at the right time. There is a trend for in house maintenance departments to be downsized. This has led to increasing demand for the kind of specialist service that this business provides.
One area where the management have identified potential is to simply increase the level of the relationships with their existing clients. It is felt that there is much more that could be delivered for current customers, if new owners have the resources to increase the range of services or to increase the size of the engineering team to accept more and more projects.