Excellent Highly Profitable Precision Engineering Company In Norfolk For Sale

Business description

Business Strengths and Opportunities

§ Enviable long term customer base & Circa 80% repeat business
§ Blue chip clients in diverse sectors including Military aviation
§ Niche market within the business sector, therefore little competition
§ Over £150,000 of High quality computer controlled machinery
§ Efficient project-flow & pricing system
§ Strong gross margins, consistent & increasing profitability
§ Strong opportunities to continue increasing sales from existing customer base

This highly regarded and very profitable business has over 30 years of experience in diverse precision work for specialist sectors including Military Aviation, Scientific Housings, Fibre Optic, Laser Optic and F1 Performance cars and has a number of ongoing, long term, relationships with Blue Chip clients.

The company has a niche within its sector which has low UK competition and, as a result, turnover has increased by over 50 % in the last 18 months, and is set to continue. The company prides itself by undertaking both large and small projects, performing precision work to detailed customer requirements in materials from Aluminium, Plastics and Brass to other Non Ferrous metals.

Housed in its own purpose built premises it has an efficient project management system for internal organisation and project pricing that ensures tight control and excellent gross margins. The established name and reputation has meant that over 80% of its business is repeat customers and, consequently, there is excellent scope for growth.

Property information

Property:

Leasehold

Leasehold rent:

£12,000 per annum

Location:

The business is located close to the main London to Norfolk M11/A11/A14

Premises details:

The business is located in clean and tidy a purpose built single storey manufacturing unit

Business Operation

Expansion potential:

The business currently works on a single shift system which can relatively easily be extended.
Clients are increasing orders and volume levels on a consistent basis and turnover is increasing at a pace

Competition / Market:

This business has forged a niche in its market and, consequently, there is little competition due to the quality of precision work undertaken and the sectors in which its clients operate

Reasons for selling:

Retirement

Trading hours:

Normal manufacturing trading hours on a single shift

Employees:

4 full time

Years established:

The business has been established for over 30 years

Other information

Support & training:

The owner will be delighted to offer all support and training to the new owner and would be happy to stay on for a number of months to ensure the seamless transfer of the business

Furniture / Fixtures value:

£150,000 (included in the asking price)

Inventory / Stock value:

£5,000 (included in the asking price)

Relocatable:

This business can be relocated.