Electronics Manufacture Design Company For Sale - Midlands, Staffordshire, United Kingdom

Asking price: £1,500,000

Sales revenue: £1,210,000

Net profit: £316,000

Business description: Profitable electronics manufacturer. Predominantly supplying PCB assemblies or finished product to customers specification. Complete turnkey solutions offered from design through production. Surface mount / conventional cabability. Long term stability. Previous 4 years net profit total £1.24m. Good growth potential. BS EN IS0 9001, Bureau Veritas and shortly to have METLAB accreditation. Formed in 1988.

Years established: 20 Years

Employees: 14

Trading hours: Office Hours

Relocatable: This business can be relocated.

Property : Leasehold

Lease terms: Flexible, no long term liability.

Expansion potential: The company has not advertised for a number of years, repeat business and word of mouth has sustained our operation. The present directors are technical by nature and lack specific sales and marketing skills. Enhacing this aspect of the company would, without doubt, improve turnover and profits.

Competition / Market: We have a very good relationship with our clients and customers. Our success is helped by a strong technical backing to the main manufacturing operation giving our customers confidence in the products we supply. Specific skills in RF, aircraft navigation, micro-controller processors. Wide customer base ranging from sole traders to multi-nationals.

Support & training: The directors are flexible in the support that would be offered. It is expected however the buyer would, over time, replace the current two directors with other staff.

Reasons for selling: Having been associated with the same business for 20 years the directors have perhaps lost the drive to control the operation with the required vigour. There is ample potential and opportunity remaining for a suitable team to carry the business upwards.