Total of 18656 firms and businesses for sale today Friday 19th April 2024
Sold. Precision Engineers & Manufacturing Co. Serving The Food Industry
LISTING DETAILS
Firms For Sale ID:
32771
Vendor reference:
IX024
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£360,000
Turnover / revenue:
£720,000
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
Monday – Friday: 0800-1700
On site as required
Number of employees:
7
Employees / staffing:
The two directors work within the business on a day to day basis. One of the owners runs the machinery and administrative side of the business and the other is responsible for manufacturing and production. The business employs a full time contracts manager and a full time office manager. The business also employs 5 full time skilled workshop operatives (fabricators, machinist etc). Staff are highly skilled are able to multi task.
There is structure within this business which ensures the business is not reliant on the two directors.
OTHER DETAILS
Reason for selling:
The vendors are planning their exit strategy
Support and training:
The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as existing members of staff are fully conversant with the running of the business and are able to run the operation on a day to day basis if need be.
The vendors may be prepared to stay on for a further period as required, subject to negotation should a new buyer so require.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal leasehold premises on a small industrial estate. Current lease is for 10 years with approx 2years remaining. Rent is circa £14,000 p.a. Rates are circa £9000 p.a. The premises are circa 11,000 square feet including shop-floor, reception, office area, kitchen, canteen and toilets. The business currently only utilises circa 8,500 square feet. There is also an external yard with parking. The site is alarmed (Redcare), and secure.
BUSINESS DESCRIPTION
Precision Engineers & Manufacturing Co. Serving the Food Industry
Ref.IX024
Location South Cheshire/North Staffordshire
Asking Price £ 360,000
This well established and reputable business was set up by the vendors over 20 years ago and in that time has grown into a highly skilled and professional precision engineering and manufacturing company serving the food industry.
The company designs, manufacturers and supplies a range of specialist machinery and associated parts and components to a range of large companies involved in the food industry. The majority of products supplied are manufactured in stainless steel material to a very high specification. The company provides a complete turnkey solution from initial design through to supply and installation on a nationwide scale.
The company supplies direct to the end user/manufacturer and their approved contractors and as such can boast some prestigious blue chip companies amongst its clientele. Typical products this business supplies include:
• Food Cutting machinery
• Conveyors
• Drainage systems
• Sheet and tubular stainless steel fabrications
• Factory furniture
The business has a highly skilled workforce and manufactures and supplies to exacting standards. Its infrastructure is such that it can meet the most demanding customer requirements.
The business has built up a sterling reputation based on quality, knowledge and superior product design and manufacture . The company currently carries out pretty much all production in house.This ensures excellent quality control and superior product delivery.
Expansion Potential
Even though the business is well established there are significant opportunities to expand. The company does not employ any dedicated sales representatives nor does it have a catalogue to supply architects/specifiers/contractors and end users illustrating the products it can supply. The vendor has never proactively chased work he has been totally reactive to the ongoing demand. A more proactive approach could significantly increase revenues as the products and services it provides are required on many more manufacturing and production sites throughout the UK and overseas.
The business has spare capacity in terms of infrastructure.
Further promotion of the other products and services it provides (or could provide) could certainly increase expenditure with existing customers.
Market / Competition / Non-Competition Agreements
The business has a basic yet informative website showcasing its products and services.
The business has undertaken a small amount of advertising in a key trade journal but tends to rely on company nominations, specifications, referrals and the best form of advertising, word of mouth recommendations. It enjoys very high levels of repeat business from a loyal customer base.