Featured Brokers
CONFIDENTIAL SALE
FOR SALE
03/08/21
280545
Business Overview.
Specialises in sub-contract five axis high precision machining and turning for a broad customer base of a good mix of aerospace, commercial and military customers. 24/7 production capability. The business has built excellent customer relationships and many customers have been with the business well over 10 years. The business is now being offered for sale due to the owners early retirement for health reasons.
Business Description.
Based in South East area of England. The company’s regular customer base includes international blue-chip house hold names as well as niche specialist companies operating across many industries. They export regularly across three continents and order intake hasn’t been affected by Brexit. 90% of turnover is from regular customers plus occasional ad-hoc work. The company operates managed stock holding on repeat lines for several of its customers. Annual turnovers have been in the region of £1-2 million every year over the last 10 years. The company which has always invested profits into acquiring the latest technology, possesses assets with a collective replacement new cost in excess of £2.6 million.
Operates from fully fitted modern leasehold premises with tenant break clause available, landlord has indicated willingness to grant fresh lease to new potential owners if required.
The owner is willing to offer full handover assistance and long term help on a part-time or consultancy basis if required (subject to health).
They leave in place a successful business built up over many years with a skilled workforce possessing an enviable reputation for a can-do attitude, with significant scope for further growth. Excellent ‘bolt-on’ acquisition to a strategic acquirer with aerospace and five axis ambitions or looking to develop their own in-house manufacturing capacity.
Those with inadequate funds who would plan to make stage payments or re-finance the company’s assets to raise money to buy it from the owner, need not apply.
All interested parties will be expected to sign an NDA prior to further information being released.
Proof of identification / funding may also be requested.
The business is being offered for sale as 100% of the share capital on a strictly confidential basis.
It is realistically priced at OIRO £1m for those in a position to make a prompt cash purchase.
Interested parties should initially make contact via email. [email protected].
Business Location.
South East, UK.
Contact me for more information.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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