Design And Manufacturing Of Tooling For Industry Business For Sale

Business description

This company is a designer and manufacturer of precision machine tooling for industry.
The owners of this business have used its automated precision Machining capabilities and reputation for unstinting attention to quality, to develop a profitable business within the automotive, aerospace, medical, oil and gas, pharmaceuticals and machine tool industries. The company has been built on integrity and offers a very reliable & dependable service.

The company was established in 1976 by its present owners. Most of their customers are international “Blue Chip” companies. The company holds a variety of accreditations for the industries they serve. This is a company that for the last thirty four years has built up an International reputation for innovation. The business is known for high quality designs and products at competitive prices.

Within its leasehold modern circa 10,000 square feet property, the company produces work holding fixtures & special tooling.

The pending retirement of the founders and owners creates a rare opportunity for a new knowledgeable owner/investment team to take this solid business on to the next level. There are considerable opportunities for expanding the company's revenues and profits within the existing customer base as well as through marketing efforts targeting new prospects within these same, robust industries.

With a total of fifteen skilled and loyal employees, the company has a full team of experienced staff in place. Staff turnover has been extremely low and a combination of training and pride in the business and the quality of their product can be directly linked to the loyalty of the team. . The current owner’s act as the company's principle management and, to insure that the transition to a new owner occurs without disruption, are willing to continue on in the business for a period of time. Whilst the company has an excellent, informal work atmosphere it employs "best practice" concepts in its operation.

The business Provides high-end technical support to large established accounts, geared to the aerospace, automotive and manufacturing industries specifically, and maintaining the highest standard of quality.

This is a business with major customers. Sales exceeded £1,000,000 this year, with excellent order book.

This is a one off opportunity to purchase a company which could easily be a stand alone operator, or indeed to bolt on and enhance an already established business. We therefore recommend early inspection.

Equipment:

• Milling Machines x 15. (Includes Bridgeport, Huron, Maho, Mitsubishi and Europa).
• Associated Milling Equipment
• Turning machines x 4
• Associated Turning Equipment
• Jig Boring Machines x 3 – SIP 1 – Deulieze
• Associated jig boring equipment
• Grinding Machines x 6 – Surface, 3 – Cylindrical, 1 – Jig Grinding
• Associated Grinding Equipment
• Spark Erosion Machine x 1
• Heat Treatment Furnace 1
• Miscellaneous Machines x 11
• Inspection Equipment
• Small Tools
• Storage Equipment

Key Strengths:

The business has a first class reputation within several major industries. The business now employs a software package called ‘Solid Works ‘which improves levels of accuracy even further than ever before.

The long serving, dedicated engineering team deliver consistently high standards of work.

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.

Turnover is circa £1, 000, 000, gross profit is circa £350,000 and adjusted net profit is circa £167,000.

Property information

Property:

Leasehold

Lease terms:

The business operates from leasehold premises. There are two years remaining on the current lease. Annual rent is £36,400 and rates are £16,000.

Location:

The business operates from leasehold premises. There are two years remaining on the current lease. Annual rent is £36,400 and rates are £16,000.

The business is spread over circa 10,000 sq.ft. and includes six offices including a drawing office. The business has workshops housed in two separate buildings.

There is parking space for twenty vehicles.

Business Operation

Expansion potential:

An investment in more modern machinery would further speed up production. The business could in fact become a sub-contractor for major clients in the aerospace and automotive sectors.

Competition / Market:

The business does not advertise. The £1 Million pound plus turnover comes from existing clients and word of mouth referrals.

Reasons for selling:

This is a genuine retirement sale after thirty four years of dedication to the business.

Trading hours:

Monday – Friday: 8.0 am – 5.0 pm

Employees:

There are currently fifteen full time members of staff.

Years established:

1976

Other information

Support & training:

All necessary training and a full handover are available to ensure continuity of trading.