Well Established & Profitable Engineering Business
Undisclosed, West Midlands County, United Kingdom
Seller Reference: 1832CV
Asking Price: £490,000
Net Profit: £58,789
Sales Revenue: £277,924
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Freehold
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  Business Summary   
  Reason for Sale

The business is only now being offered for sale as the vendor wishes to retire.

Business Profile

The business was originally founded in 1961. The current owner bought the business in 1987.
The business has a strong track record of producing high quality, competitively priced products.

Products

The company produces bespoke, low volume individual metal & machinable plastic parts for any engineering environment.

This includes:
Grinding
Milling
Turning
Drilling
Sawing
Slotting
Assembly work

Customers

The business has approximately 25 main customers, of which circa 15 are live at any one time.
Most customers are in or around the Coventry area.
There is no over reliance on any single client.

Handover

The vendor is prepared to work with/for a new owner to ensure a smooth handover of the business and to give the necessary introductions to both customers & staff.

Key Strengths

An extremely well established business, which has been trading since 1961
Excellent local reputation with most work coming from a core of approx 25 local customers
Comprehensive plant list, which covers for most eventualities
High quotation to order conversion rate of circa 70%
Good location close to major motorway networks
Current net annual sales of £277,925 in the year to April 2015 which has produced adjusted net profits of £58,789

Viewings:

To arrange a viewing please contact the agent.

EPC - F

DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition or value. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means.
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.

  Property Information   
  Property: Freehold
 
  Living Accommodation: No
 
  Location: Well located on a small industrial estate in the West Midlands,
which gives easy access to the M40, M6 & M69 motorways
  Growth Potential   
  This is already a very well established and profitable engineering business which still offers excellent scope to increase both sales and profits further by:

1. Purchasing some CNC machines to be able to also target the volume markets not doing bespoke work
2. Advertise, as the company currently does none whatsoever
3. Introducing a business website so the company can attract more customers rather than rely on word of mouth referrals
4. Employ more skilled staff
  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   
  Mon Thurs: 7.45am 4.30pm
Friday: 7.45am 1.45pm

Occasional overtime work is required
  Summary of Staffing   
  The vendor works full time in the business and is assisted by 4 full time skilled engineers and another one who is currently under training.
Additionally they have a part time book keeper who only works for 6 hours a week.
  Seller's Disclaimer:   





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