Precision Engineering & Manufacturing Business For Sale - Essex, United Kingdom Advert Ref: IT070
Add this business to my shortlist >>
Add this business to my shortlist >>
Business description
specialist precision engineering and manufacturing company, producing body parts both aluminum and fiberglass to the bus industry, with clients such as East London Bus Company, Arriva and First London Buses. This business was established in 2005 and ensures realistic lead times, making customer’s parts quickly, accurately, and affordably without compromising on quality.
The company philosophy of this successful business is to employ modern machines to do the work, keeping labour to a minimum. Consequently the present owner’s have invested heavily on buying up to date equipment, with the emphasis on buying machines that could be used on an ‘as is’ basis or modified to make components automatically, in the knowledge that competitors were using more labour.
The business has a large range of machinery; from conventional to sophisticated C.N.C. machines, this means that most parts are manufactured in house. The Company is very good at engineering a production solution and is able to make components in the most cost effective way. A "one stop shop" service is provided for customers, taking care of every aspect of making their components from inception to delivering complete onto their production line.
The diverse skilled workforce has levels of expertise that are unrivalled, this knowledge and skill produces various components that are manufactured for a wide cross section of industries.
With its wide capacity range, it offers a very flexible package to its present customers, and potential new customer base. The business works closely with suppliers to ensure that the latest tooling technology and materials are employed, continually looking to enhance operations to the benefit of customers.
The Company is known for its quick turnaround times, competitive prices and high quality products and has all the required facilities, research development and pre-production to develop ideas and needs into a superb finished item, all under one roof. Company philosophy is a very simple one, to produce customer requirements on time, every time, engineered to exacting quality standards.
The business has enjoyed a policy of continued investment in new equipment, and re-investment of profits. This has kept the Company in pace with modern manufacturing methods.
Equipment:
2 x Guillotines (1 x 3 Mtr cut capacity, 1 x 2.5 mtr cut capacity)
Brake Presses (1x3 Mtr capacity, 1 x 2.5 Mtr capacity)
Hole Punchers x 2
Notcher 1 x Femco
Saws – 1 x Maco, 1 x ELAS
Drill – 1 x Pedestal drill 32mm
Welding Plant 1 x Kempo 320 AM MIG Welder
1 x Feronius, Pulse Inverta
Machine and tool Value in excess of £320,000
MYOB for Invoicing
Employees: The business employs ten full time staff in total, including the owner and partner, consisting of four Moulders, two Welders and two Trimmers.
Property
Location
The business operates from circa 5,600 square foot fully fitted workshop and Mezzanine floor, giving a further circa 4,400 square foot of storage and offices, which is fully fitted and equipped to a very high standard.
The premises in Essex are leasehold with five years remaining on the current lease. There is a break clause after three years.
Annual rent is charged at £34,000 with rates charged additionally at £10,000.
Expansion potential
With established account customers, this success story enjoys a sterling reputation for quality, excellent service and value, not to mention a high demand for its wide range of precision engineering. This company offers a new owner plenty of excellent growth potential and a strong market base, making it a business that is on the right track to the next level of business Competition / Market
A large percentage of new clients derive from referrals and the business regards existing clients as their best advertisers. It has maintained an excellent reputation since inception and there is immense opportunity to implement further and more assertive methods of advertising to expose the business to even greater markets with a high proportion of the business’s revenue being due to strong word of mouth recommendation. This bears testimony to the excellent reputation it has throughout the industry. The business for sale would benefit from a professionally designed website, which would offer excellent potential to increase turnover in the future. Support & training
Full support and training will be given to the successful purchaser. Reasons for selling
The vendor wishes to concentrate on other business interests following the sale of the business
The company philosophy of this successful business is to employ modern machines to do the work, keeping labour to a minimum. Consequently the present owner’s have invested heavily on buying up to date equipment, with the emphasis on buying machines that could be used on an ‘as is’ basis or modified to make components automatically, in the knowledge that competitors were using more labour.
The business has a large range of machinery; from conventional to sophisticated C.N.C. machines, this means that most parts are manufactured in house. The Company is very good at engineering a production solution and is able to make components in the most cost effective way. A "one stop shop" service is provided for customers, taking care of every aspect of making their components from inception to delivering complete onto their production line.
The diverse skilled workforce has levels of expertise that are unrivalled, this knowledge and skill produces various components that are manufactured for a wide cross section of industries.
With its wide capacity range, it offers a very flexible package to its present customers, and potential new customer base. The business works closely with suppliers to ensure that the latest tooling technology and materials are employed, continually looking to enhance operations to the benefit of customers.
The Company is known for its quick turnaround times, competitive prices and high quality products and has all the required facilities, research development and pre-production to develop ideas and needs into a superb finished item, all under one roof. Company philosophy is a very simple one, to produce customer requirements on time, every time, engineered to exacting quality standards.
The business has enjoyed a policy of continued investment in new equipment, and re-investment of profits. This has kept the Company in pace with modern manufacturing methods.
Equipment:
2 x Guillotines (1 x 3 Mtr cut capacity, 1 x 2.5 mtr cut capacity)
Brake Presses (1x3 Mtr capacity, 1 x 2.5 Mtr capacity)
Hole Punchers x 2
Notcher 1 x Femco
Saws – 1 x Maco, 1 x ELAS
Drill – 1 x Pedestal drill 32mm
Welding Plant 1 x Kempo 320 AM MIG Welder
1 x Feronius, Pulse Inverta
Machine and tool Value in excess of £320,000
MYOB for Invoicing
The business operates from circa 5,600 square foot fully fitted workshop and Mezzanine floor, giving a further circa 4,400 square foot of storage and offices, which is fully fitted and equipped to a very high standard.
The premises in Essex are leasehold with five years remaining on the current lease. There is a break clause after three years.
Annual rent is charged at £34,000 with rates charged additionally at £10,000.
With established account customers, this success story enjoys a sterling reputation for quality, excellent service and value, not to mention a high demand for its wide range of precision engineering. This company offers a new owner plenty of excellent growth potential and a strong market base, making it a business that is on the right track to the next level of business
A large percentage of new clients derive from referrals and the business regards existing clients as their best advertisers. It has maintained an excellent reputation since inception and there is immense opportunity to implement further and more assertive methods of advertising to expose the business to even greater markets with a high proportion of the business’s revenue being due to strong word of mouth recommendation. This bears testimony to the excellent reputation it has throughout the industry. The business for sale would benefit from a professionally designed website, which would offer excellent potential to increase turnover in the future.
Full support and training will be given to the successful purchaser.
The vendor wishes to concentrate on other business interests following the sale of the business
Financial Details
Asking price:
£900,000
Sales revenue:
£1,000,000
£900,000
£1,000,000