Respected PRECISION ENGINEERS, based in DEVON, specialising in the manufacturing of tooling for the medical, electrical and automotive sectors, and includes Injection, Die Cast and Compression Mould Tooling of all sizes. Servicing clients throughout the country, holding valuable client base from whom regular orders are received, includes well known major worldwide ‘Blue Chip’ companies behind famous prestigious/luxury brands.
Modern easily accessible premises, approx. 3,400 square feet, plus parking, particularly well-presented and equipped, includes a host of valuable machinery, amongst the inventory, CNC machine, Roboform, Milling Machines, Lathe, Saws, various Grinders, Fork Lift and much more, with estimated value approaching £100,000, and used replacement cost in region of £250,000, some machines carrying a new cost of £150,000, inspection recommended to appreciate capabilities of the premises/machinery.
Respected business renowned for quality work, ensures repeat orders and ample work in hand, established and under current ownership in excess of 20 years, only offered for sale to pursue retirement. Proving very profitable over the years, Sales 2019 £382,143 ex Vat, Gross Profit £313,247, Net Profits approaching six figures. Offers considerable further potential through proactive marketing, Sales having exceeded £800,000 ex Vat in previous years, generating Net Profits in excess of £200,000 demonstrating business capabilities.
Leasehold Company Share Sale £185,000 for the share capital +/- Net Current Assets. Ref: MF34955N