Asking price: Undisclosed

Sales revenue: £475,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The company is a Precision sub-contract engineering business with 50% of its earnings being generated by 1st tier suppliers and 50% from 2nd tier suppliers.

The Company operates from its own premises based in West Sussex and the free-hold of the factory unit is also available to purchase.

In the main its work is generated by the Formula 1 Motor Racing, Defence and Aerospace Industries.


Average EBITDA excluding Directors emoluments for the last 3 years = £82,000pa. Gross margin is 40% on a turnover of £473,786 for year ended 2008(March).

Years established: 19 years

Employees: 8

Trading hours: Normal

Property: Freehold

Lease terms
3000 + square foot freehold Factory Unit available for sale with company. Rent c£50k pa.

Location
Industrial Estate

Expansion potential
New machinery to enable the business to carry out extra work for its customer base. Two shift working.

Competition / Market
The business is secure in that it has longstanding customers (blue chip), none of which hold more than 30% of the turnover.

Support & training
MD prepared to stay on as General Manager for buyer.