- Businesses for sale
- Advert Details
- Advert ID: 671734
- (Seller ref: SCF 008/08)
Sub-contract Precision Engineering Business For Sale
- West Sussex, United Kingdom
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- 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).
- General information
- 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.