- Advert ID: 671734
- (Seller ref: SCF 008/08)
Sub-contract Precision Engineering Business For Sale
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Summary
- Asking price:
- Available on request (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- £475,000
- Net profit:
- < £100k
- Years established:
- 19 years
- Employees:
- 8
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).
Property information
- Property:
- Freehold
- Lease terms:
- 3000 + square foot freehold Factory Unit available for sale with company. Rent c£50k pa.
- Location:
- Industrial Estate
Other information
- 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.
- Trading hours:
- Normal
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
related resources
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