Specialist Radio Controlled Helicopter Parts Manufacturer
Price:
Freehold - £990,000
Business Type:
Corporate Businesses, Manufacturing companies
Advent Business Sales is pleased to have been instructed to offer to the market this extremely niche engineering business which has enormous potential.
Founded over 28 years ago and owned by the present vendor for over 10 years, the business is only now being reluctantly offered for sale to enable him to spend more time with his young family.
The business manufactures a range of extremely high precision top quality niche spare parts for specialist toy products. There are no other manufacturers of these products in the UK and there are only approximately 10 worldwide.
The business also has the UK distribution to a complimentary range of products which are imported from Thailand.
Of the products produced approximately 70% are exported all around the world.
The business has a comprehensive range of modern plant and machinery including:
• 1 x Yang Eagle 600 vertical machining centre – replacement cost £28k
• 1 x Duggard Eagle 1000 vertical machining centre – replacement cost £48k
• 1 x Emco 365 turning centre – replacement cost £75k
• 2 x Emco 365 TCM turning centre – replacement cost £290k
• 2 x PDJ vibro, vibratory finishing machines – replacement cost £8k
• 3 x Hydra feed Ml-1 short bar auto loader – replacement cost £15k
• Numerous quantity of specialised tooling to suit – replacement cost £30k
The business employs 6 full time staff including the vendor and one part time, who works approximately 8 hours per week. In the year to November 2009, they achieved annual sales of £643,136 with a gross profit of £221,132.
We are advised that stock at cost is approximately £125,000 and that reconstituted shareholders funds are circa £485,000.
The vendor has stated that he is prepared to work with a new owner to ensure a smooth hand over and to effect the necessary introductions to staff, customers and suppliers. He believes his forte is design and would be happy to stay with the business as a consultant designer should a new owner so wish.
EXPANSION POTENTIAL
This is clearly a very successful business, it does however, still offer excellent scope to increase both sales and profits in the future by:
1. Increase the product range and add more lines
2. Extend the web site to make it fully interactive
3. Offer to sell third party stocks
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £634,000
Gross Profit: £221,000
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The business is well located in the centre of a commercial area in an affluent town in Wiltshire.
The premises have 6 allocated car parking spaces in front of the business with overspill / visitors parking nearby.
BUSINESS PREMISES
Modern mid terraced property maintained in very good order throughout and briefly comprising:
Ground Floor
• Entrance lobby with side stairs off to first floor mezzanine which covers the entire floor
• Range of offices
• Disabled w/c
• Stores
• Assembly area
• Additional stairs down to:
• Ground floor production area with range of machines
• Staff room
• w/c’s
The business has the added advantage of being double glazed and having a smoke detector.
There are 6 parking spaces in front of the premises with an overspill / visitors area nearby.
North Yorkshire
£ 750,000
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