Supply Repair And Calibration Of Used Measurement Instruments For Sale

Business description

Supply, Repair and Calibration of Used Measurement Instruments (Metrology) and inspection equipment

The business is revolved around the sale, service and repair of used metrology equipment. The company supplies equipment for the precision measurement and comparison of physical quantities such as mass, length, time, force, speed, voltage and current.
This business was started by its owner in 1994 when he realised that there was a strong demand for high quality used metrology equipment. There is a widely held belief that the older equipment performs better and lasts longer than newer versions that are imported from abroad.

The company is Rolls Royce approved and supplies all forms of metrology including verniers, micrometers, thread measurers, height gauges, comparator gauges and clocks, calibration equipment, bore measurers, projectors, length measurers, surface measurers, angular measurers and screw gauges. All equipment is checked, tested and calibrated prior to dispatch.

Equipment:

The company stocks Sip Genevoise, Starrett, Rank Taylor Hobson, Bowers and crown and Windley to name but a few. The business does not buy or sell stock manufactured in the Far East.

Customer Service:

This niche market operation has a simple policy on customer satisfaction. Every product is sold with a full no quibble money back guarantee, which has resulted in a customers that ring and pre order equipment and will happily wait for the correct item rather than source their metrology from elsewhere. The business services the requirements of a number of clients in the Formula One market, the aviation industry and other blue chip companies within the high tech engineering sector.

Key Strengths:

The company has established an excellent base of blue chip suppliers from whom it buys stock on a regular basis. There is an enviable parts department that enables it to service, repair and guarantee any item that comes into stock. Large quantities of spares are held for the older machines, with the business having all the required expertise to repair.

The business has no borrowings and extremely low overheads

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.

The business is very profitable and has a large amount of unencumbered stock. The business generates sales in the region of £330,000 per annum. All accounting information will be made available on request and subject to the signed confidentiality being in place.

Other information

Expansion potential:

Every engineering company and machine shop in the UK is a potential customer. At present only those who use the web to search for their equipment will get to know this company. Selective and repeat mail shots across the broad spectrum of the engineering industry would raise awareness of this company and increase revenue streams.

Competition / Market:

The business presently generates its business from a comprehensive and well-optimised web site. Every item of stock is listed with a full description and in most cases a photograph. The majority of the sales are generated via the internet and they have one small advertisement in a quarterly journal.

Support & training:

There will be a full and seamless handover for the purchaser. For a purchaser with limited experience in this sector a longer handover and training period could be negotiated.

Reasons for selling:

The owner has decided to retire.