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BUSINESS REFERENCE : IG016 / RightBiz ELECTRONIC & COMPUTER CONTROL SYSTEM DESIGN, TO THE FORGING INDUSTRY | | | | | | Electronic & Computer Control System Design, to the Forging Industry Confidentially offered for sale Ref No: IG016 Location: Relocatable Asking price: ₤350,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Computers & Electronics Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £350000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established in 1993 by the present owner and founder, this is a small business, with an enviable reputation in the market for metal-forming machinery, especially in the heavy engineering and high, added value manufacturing industry. The company operates in a niche market with little competition, and high profit margins. Customers are generally large groups, where the companies equipment controls primary plant essential to their clients operations.
Most of the customers operate in the aerospace or commercial vehicle supply chain ,and have long term agreements with their customers for component supply. The company have been successful in these areas by providing highly reliable equipment, with features particularly attractive to the market requirements(repeatability and traceability).
Competition is minimal in the field,with few companies having the knowledge and expertise in the control of heavy machinery. Success has been such, that many of their customers are totally reliant upon the companies equipment for their primary plant, to the extent, that all output from their site has been produced on plant controlled by this companies equipment.
The business if offered for sale in its entirety, with the option to retain the engineering services of its founder for continued support.
Equipment
Together with the intellectual properties within the business there are;
2500 Tonne trace-able load cell
CAD System, with developed software
Site laptop
PIC development system
Oscilloscope
Customer Service:
A typical contract for the company would include; Project management, risk assessment, electrical design (switchgear, motor controls etc.)( interfacing input/output systems, servos), CAD schematics, Software,( high level, low level and PLC), site installation, commissioning, service, maintenance, customer support and training.
Key Strengths:
This small company has a huge reputation, within a niche market, for supplying state of the art control equipment to the metal forming industries.
They have a large volume of business from a wide customer base, which is increasing all the time. Profit margins are high and there is excellent scope for growth for the company, both in the UK and Overseas.
Growth and Expansion:
The volume of business from a wide customer database has increased such that it has become impractical to operate in the current sole trader form. To continue its growth, and to provide a high level of service to its clients, additional resources are required. At present the current owner runs all aspects of the business.
Ideally, the company would be bought by an engineering company, which would allow improved support to the existing customer base and enable further growth into a ready made world wide market.
There is still huge opportunity to increase the UK customer base and become more involved with existing customers. However the opportunities in India and China are enormous as their industry continues to grow at a huge rate.
Advertising and Marketing:
The company has not spent any money on advertising and marketing. All business arrives through word of mouth recommendation and from repeat customers
Premises:
The business operates from the owner’s home office and is fully relocatable.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover is circa ₤310,000 per annum with net profits of circa ₤170,000 per annum. The forecast for the coming year is for another year of growth with increased profits.
Reason for Sale:
The owner/founder is keen for the business to grow, but he needs help and resources for this to happen. He has spent the last 15 years working independently growing the business, but now believes the time is right for the input of new energy and ideas to help the company move forward. He is prepared to offer his expertise and skills as an option to a new owner.
Support and Training
The owner would gladly offer his help to ensure a smooth takeover | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IG016 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
