Engineering companies for sale in Cannock

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Leading Precision Engineering Business

Cannock, Staffordshire, England

  • Leasehold Price: £74,995  Price Reduced arrow_drop_down
  • Turnover: £100,929
  • Gross Profit: £80,880
Seller Reference: 14843 J
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 14843 J
Request Details
Business Description
Business
Hilton Smythe welcomes to the market DMT.

DMT (formerly Die Mould Tools Ltd) was founded by the current owner in 2004 and is now being sold albeit reluctantly and with a heavy heart so that he can enjoy a well earned retirement and spend more time at his house in Spain.

DMT is one of the areas leading precision engineering businesses, manufacturing quality tools for the plastic mould and pressure Die casting industries. The business prides itself on providing engineering solutions for automotive, electrical and industrial applications and provides a prompt and efficient, fast track turnaround service to clients for design, manufacture and the repair of machine tools.

Services offered include;
Confidential prototype toolmaking
Precision intricate toolmaking
Reverse engineering
CNC wire eroding
CNC Spark eroding
CNC laser welding
Aluminium die cast tooling
Plastic mould tools
Tooling Repairs and modifications

The sale will include a database of previous customers and the business currently does work for 5 or 6 regular customers at the present time but it needs to be stressed that the business is currently being run at a pace to suit.

The business has its own quality website and enjoys good visibility on the internet.

Scope to Improve
Advertising and marketing campaign
Maximise the use of social media particularly Facebook and Twitter
Extend the opening hours
Consider taking on apprentices
Approach local business or employ a Sales Manager to do so to canvass for additional work
Attend the relevant trade fairs.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
DMT (formerly Die Mould Tools Ltd) is Located in Cannock in Staffordshire.

Cannock lies to the north of the West Midlands Conurbation on the M6, A34 and A5 roads and to the south of Cannock Chase, an area of Outstanding Natural Beauty (AONB). Cannock is served by a railway station on the Chase Line. Cannock forms part of the Cannock Built Up Area (population 86,121) which also includes Cheslyn Hay, Great Wryley, Hednesford, Huntington, Heath Hayes and Wimblebury. Cannock is close to the M6, M6 Toll and M54 motorways. There is an extensive network of local buses radiating out from Cannock town centre.

The towns main bus operator is Arriva Midlands who operate the majority of services to and from Cannock Bus Station.

DMT is ideally located on a vibrant industrial estate, nicely presented and maintained with clear visible signage and free parking immediately outside the premises.

Premises
DMT occupies a purpose built industrial unit which is in a mid terraced position alongside other complimentary businesses and briefly comprises;

Office
Good sized office with windows to front and further windows into the workshop. Space for a number of desks and filing cabinets etc

Workshop
Immaculately presented and maintained with high ceilings, concrete floor and roller door to front. There is an Ambi-Rad forced air heating system and flourescent lighting. To the rear of the workshop is a kitchen area with stainless steel sink and drainer, a run of worktop and space for kettle, fridge and microwave. There is a WC with toilet and handwash basin with a Triton water heater. The sale will include all fixtures and fittings and machinery and briefly comprises;

Granite Marking out table (worth at least £5000)
1 x Colchester Triumph 2000
Colchester Student 1800
3 x Bench grinders
Alexander Pantograph
Charmilles Robo Form 2000 CNC
Sodick A320D EWT CNC
Bridgeport Interact 1 CNC
Jones and Shipman 540 with extended column
Jones and Shipman 540
3 x Bridgeport Series 1’s
Utting UB254 Electric Saw
Various benches
Various steel tool cabinets
Hydrovane Compressor with tank and air dryer
Complete set of micrometers
Various Verniers

Tenure
We are advised that DMT is being sold as a leasehold business opportunity. The current lease is arranged on a monthly rolling basis and the rent is a very reasonable £6408 per annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

At the time of instruction there were no business rates payable.

Hours
Monday to Thursday 8.00 – 4.00.

Staff
The business is run and managed by our client with the help of one full time (on a self employed basis) member of staff.

Financial Profile
DMT generated an advised turnover of circa £101,000 as of the 2016 accounts with a gross profit of roughly £81,000 and an adjusted net of approximately £55,000.

It should be stressed that the business is now being run a pace to suit and has enjoyed much higher turnover previously (in 2015 for example , turnover was circa £150,000).

Tenure:
Leasehold
Listed by:
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