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Remarkable Freehold Engieering Opportunity due to Retirement -Freehold

  • Price: £499,999  Price Reduced arrow_drop_down
  • Annual Turnover: £220,000
  • Annual Net Profit: £75,000
Seller Reference: 62394-463111
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Business Description
 
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Seller Reference: 62394-463111
Request Details
Business Description
Remarkable Opportunity to acquire an amazing Precision Engineering Business

This well run engineering business has huge growth potential

It is a profitable and established precision machining business established in 1987. The sale arise due to the owners' wish to retire. A lifetime's dedication to customer service means they would like to pass their customers to an engineering firm or individual prior to retirement.

The business has a long trading history and provides bespoke parts for several local and international clients. It has operated successfully in aviation and automotive industries. The more recent focus, as the owners prepare to retire, is the manufacturing of aluminium parts in the packaging industry.• Currently, the annual turnover is over £220,000 and the business enjoys long-established relationships with its clients. Due to the fact that the owners are looking to retire, they are selective of the work undertaken.

There is a steady flow of Request For Quotes that are not responded to as the business is currently satisfied to maintain manageable stability rather than growth. A new ambitious and visionary owner can utilize the goodwill and established reputation to rebuild sales to over £400,000 + and beyond. This was the recurrent turnover just three years ago.

• In order to help the new proprietor have a smooth transition and build a relationship with their clients, the current owners are willing to remain in the business on a consultancy basis for as long as required.

The business is contained with 2 x 1,200 ft adjoining freehold industrial units. The value of these units is estimated at £240k

A well-equipped and maintained workshop includes 6 Harding Bridgport machining centres, an air-compressor, generators and lathes.

Stock and inventory is valued by the owners at £500k and is included in the selling price

Current Sellers Profit - £75k per annum

Tenure - Freehold (Owners may consider Leasedhold for the right buyer or Seller Financing)

Employees/Staff 3

Staff Cost £80k

Price – £500k

For additional details or to arrange to view the business, please contact Transworld Business Advisors of London on +44 (0) 01372 540989 or via email at jsweeney@tworlduk.com

After running this successful business for more than 30 years, the current owners are retiring, giving the opportunity for a new owner to take over its operation. As a registered ISO 9002 company, it operates to high quality standards in every aspect of its business.

Potential Growth This business has steadily generated £400+ until 3 years ago

Showing Instructions Highly Confidential Must Contact Listing Agent for Instructions

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Number of employees:
3
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