Toolmaking and Precision Machining With Equipment Included

Price:

Leasehold - £89,950

Turnover:

Seller Ref:

1169CO

Location:

Suffolk

Business Type:

Corporate Businesses, Manufacturing companies

See Other:

Metal manufacturing companies for sale in Suffolk
Engineering businesses for sale in Suffolk
Manufacturing companies for sale in Suffolk
Corporate businesses for sale in Suffolk

Description:

THE BUSINESS:

HISTORY

• Business heritage dates back to 1978
• Founded as precision machining business with emphasis on personal service
• Excellent reputation for integrity and quality
• Large inventory of plant and equipment built up
• Excellent relationships with quality customer base maintained

REASON FOR SALE

• Retirement although the vendor would be happy to assist with a handover in the short term

SERVICES

• Manufacture of a wide variety of small tools with particular expertise in plastic injection moulding
• Manufacture of press tools
• Manufacture of holding fixtures for machining components
• Repair and refurbishment work undertaken
• Bespoke commissions with small batch machining

CUSTOMERS

• 6 major clients
• 10 to 15 occasional clients
• Most customers are larger engineering companies or manufacturers requiring components or tools
• SMEs and PLCs located within Suffolk and Norfolk
• Loyal, with high repeat rate

SUPPLIERS

• Capital equipment sourced on a new and used basis throughout the UK
• Consumables sourced from a variety of trade sources

EQUIPMENT

• Fully equipped toolroom comprising briefly
o 3 Bridgeport mills
o 1 Jones and Shipman cylindrical grinder
o 1 Jones and Shipman surface grinder
o No 2 and No 6 fly press
o 1 Europark spark eroder
o 1 Colchester 1800 lathe
o 1 Colchester 2500 lathe
o 1 Startrite band saw
o 1 cut off saw
o 1 gantry (1 ton)
o 1 Drawing board
o 1 Baty shadowgraph
o 1 Crown surface table
o 2 rotary tables
o 1 rotary index fixture
o 2 wooden workbenches
o 1 Diprofil
o 1 Sigma comparator
o 3 square cast iron surface plates
o 2 boxes of slips
o 1 84 drawer cabinet with tool room fasteners
o Very large quantity of sundry tooling

STRENGTHS

• Established business well known within the locality
• Loyal and repeat customer base including prestigious blue chip clients
• Extensive inventory of equipment and plant built up over many years
• Highly profitable with excellent financial performance
• Low overheads within rural location

SCOPE

• Business development activity has been extremely limited
• Introduction of internet site
• Ideal starting point for experienced engineer seeking own business
• Equipment disposals for items not required for core 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.

Location Details:

• Trading from traditional industrial unit in a Suffolk village • Within easy striking distance of Ipswich and the A12 trunk road • Ample parking on small industrial estate of similarly sized businesses • Close to a large base of complementary engineering companies and manufacturers

Lease Terms:

• Leasehold • Rental £6,000 per annum • Rates payable £400 per annum

Trading Hours:

• 7.30am to 6pm Monday to Friday • Closed Saturday and Sunday • Work undertaken as customer requir

Accommodation:

• A traditional leasehold industrial unit/machine shop • Main workshop area • Office • WC/Kitchen area • Ample parking for customers and visitors