Specialist Hydraulic And Precision Engineering Business For Sale

Business description

The business was established in 1979 to supply a service of repairs to local farm machinery to include trailers ploughs hay bailers and many more. The current owner purchased the business in 2002 after a distinguished career with Perkins Engines, they wanted to branch out and service, repair and manufacture hydraulic cylinders plus refurbish tooling machinery and produce bespoke one of items for a broad sector of clients and of course carry on the established farm machinery maintenance when needed.

The company quickly out grew they premises and decided to purchase a freehold industrial unit of circa 1900 sq feet with a mezzanine floor of circa 1400 sq feet.

Once established in the new premises the company quickly installed extra plant to handle the demands of growth and the new high tech work that it received. The business has a well trained and qualified staff that all produce high quality on time results for the owners ensuring high levels of repeat business from its wide and varied customer base.

This is an ideal opportunity for the new owners to stamp their mark on the business and build on the substantial base put in place over the past eight years. The machinery and plant is of a good quality as the present owners have invested profits back into the business to ensure the high levels of growth and quality of client base the business has today.

Everything is in place with this business for a new owner to invest in staff and sales to take it to the next level and beyond.

Equipment:

Full plant list can be supplied on demand

Customer Service:

The business customer service ethos is to give to its broad client base a one stop shop for all of their engineering needs. Carried out by enthusiastic and motivated staff, to exacting standards on quality and modern machinery on an on time basis ensuring the high levels of repeat business and word of mouth referrals the business achieves.

Key Strengths:

The key strength of this business is its ability to fulfil all its clients’ needs by being flexible and forward thinking into all projects that are put in front of it. The staffs is loyal well trained and motivated giving the new owners space and time to introduce new clients and practices which will enhance further this quality engineering business.

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 circa £220,000 per annum
Gross profit circa £159,000.

Property information

Property:

Freehold

Business Operation

Expansion potential:

The business has spare capacity within its current production schedules, this is ideal for the introduction of a sales person to cultivate and bring on board new clients in new aspects of engineering.

The business has currently successfully grown solely by word of mouth recommendations and would certainly benefit from a targeted advertising and marketing campaign as the catchment area to the business is huge and its expertise would defiantly be in demand.

Competition / Market:

The business has grown of the past eight years by word of mouth recommendations and the solid and dependable reputation built up by producing quality on time work. The introduction of a quality website and an aggressive advertising and marketing campaign can and will only enhance its fortunes further.

Reasons for selling:

Vendor wishes to spend more time with his young family.

Employees:

The Directors run the day to day business with the help of qualified engineers.

Years established:

1979

Other information

Support & training:

The vendor will offer a full and comprehensive training and support package to ensure a smooth transfer of ownership.