Toolmaking and Precision Engineering Company - East Anglia
East Anglia, Central London, United Kingdom
Seller Reference: JH031
Asking Price: £450,000
Net Profit: Undisclosed
Sales Revenue: £693,000
Number of Staff: 11
Established For: 34  Years  0  Months
Ownership: Freehold
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  Business Summary   
  The vendors have owned and run this precision engineering company since 1982 making moulds for the plastics industry, (bottles, caps and closures). Manufacturing on site includes the manufacture of both blow moulds and injection moulds predominantly for the packaging industry, press tools, jigs and fixtures and also specialising in bespoke to order components for the food and drinks industry.

This is a very well respected business with an excellent reputation for the design and manufacture of moulds and precision engineered parts. The business has a substantial level of modern automated plant and machinery, including latest CNC Mills (Milling machines). All this is complimented by long serving and highly experienced staff providing a full turnkey solution.

The business can boast some very impressive corporate customers across a range of industries and has its own internal inspection procedures to ensure customers receive only the highest quality products and services.

From first contact to completion the onus is geared towards complete customer satisfaction. The business has in place a responsible workforce from the top down with staff committed to ensuring manufacture is to the required standards.
  Property Information   
  Property: Freehold
 
  Living Accommodation: No
 
  Location: The property is freehold and available by separate negotiation at an additional cost of 300,000. The premises comprise of circa 600 (24 x 24) sq. metres of ground floor space, predominantly workshop space plus a mezzanine. All mains services are on site and the premises are secured with an alarm and grills.
  Competition   
  To date the business has not invested in marketing. Increasing the marketing in the local area could provide many excellent avenues for growth. Work is achieved through existing contracts, word of mouth and many referrals.

A dedicated sales and marketing effort could yield significant levels of additional business and profitability as, by its own admission, the business tends to be reactive rather than proactive in its approach to sales and marketing.

Investment in a company website could prove to be a valuable asset.
  Support and Training Offered   
  Support and training will be provided for a specified period of time to ensure continuity of trading.
  Reason for Selling   
  The vendor is now looking to retire.
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  Monday Friday: 7am 5pm
  Summary of Staffing   
  The business employs 4 directors and 4 engineers on a full time basis. There is 1 steel sales manager, 1 Labourer/Driver and 1 part time cleaner.





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