Precision Sheet Metal Engineers With Substantial Freehold | | Undisclosed Hertfordshire | | Precision Sheet Metal Engineers with Substantial Freehold Confidentially offered for sale Ref No:IS019 Location: A1 Corridor, Hertfordshire Asking price £2,250,000 Turnover Circa £1,200,000 Substantial assets circa £750,000 Gross profit of circa £380,000 | | ADVERT NUMBER : 4162
ADVERT IMPRESSIONS : 41,384 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Metal | | SALE: | Agent Sale | FREEHOLD: | £2250000 | | | | | BUSINESS DETAILS: | Business Profile:
This precision sheet metal engineering company was established in 1986 by the current vendor and has traded from strength to strength. The company manufactures components out of sheet metal for various sectors including the medical, communications, marine and electronic industries, plus work for the Ministry of Defence. They can work on Ferrous and non-Ferrous Metals, Plastic coated metals, Rigid plastics in sheet form and hollow sections.
The Business trades from its own purpose built, freehold premises of circa 12,000 square feet, which incorporates warehousing, manufacturing and offices. Superbly equipped with state-of-the-art laser machinery and extensive workshop facilities, they are committed to a fast, top quality turnaround with the help of a fully enabled job tracking system. The company offers a range of services to satisfy the majority of clients’ requirements, including; Tungsten Inert Gas (TIG), Metal Inert Gas (MIG) and Spot welding, Computer Aided Design (CAD), Computer Aided Manufacture (CAM), Computer Numerical Control (CNC) and manual punching, plus a full range of finishing, graining, plating, anodising, alochroming and silkscreening.
Equipment:
The current vendor has kept the company fully up to date with the latest equipment, enabling it to remain competitive in the market place. The business benefits from 2 lasers (1 x 2.5 kw and 1 x 2.7 kw), a CNC punching machine, Hi-Tec down stroking machines with six Axis for accurate and consistent bending to form lengths of up-to 2500mm long, plus much more. A full list of assets is available to interested parties.
Customer Service:
The Company prides itself on its reputation, originating from the owners personal beliefs and commitment to excellent service standards. Operating to extremely strict ‘in house’ standards added to its’ ISO 9001 registration, customer satisfaction is a priority. The business has retained a high level of repeat business over its 21 years of trading, particularly among a critical core of clients using the company services on a regular basis. The company has earned an outstanding reputation for its service and professionalism, reliability and customer care, excellent quality work, on-time delivery, cost control and highly skilled, experienced staff.
Key Strengths:
Quality professional client base, skilled and motivated workforce, outstanding purpose built premises in a central location.
Growth and Expansion:
There is an excellent opportunity to build on the existing base of this company. Growth to date has been mainly organic, based on word of mouth and recommendations. An effective and focused sales strategy would reap considerable benefits, driving forward both volume and profitability.
Key Opportunities:
The current owner has run the business at a level he was comfortable with and feels that a new owner would benefit from some changes, including an increase in shift patterns and the possible manufacture of its own product.
Employees:
There are currently 23 full time staff, including setters, programmers and sheet metal workers.
Advertising and Marketing:
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, the most effective form of advertisement for any organisation and its reputation enhancement.
Great success has been achieved without the need for regular local or national exposure, though some success has come from direct e-mails and business directory placements.
Premises:
The business premises are owned by the company and offer circa 12,000 square foot of warehousing, manufacturing and office space. The current market value of the premises is circa £1,000,000.
They are serviced by mains gas, electricity, water and sewage.
Business Hours:
The business currently trades from 8.00 am to 4.30 pm Monday to Friday and 8.00 am to
12.00 pm on Saturdays
Security:
The premises benefit from a security alarm and security grills.
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. Last years turnover was circa £1,200,000 with a gross profit of circa £380,000. The current market value of the freehold is circa £1,000,000 and the asset have a value of circa £750,000.
Reason for Sale:
After 21 years of growing and nurturing the business, the vendor has decided it is time to pursue other business interests, after first enjoying the fruits of his labour.
Support and Training
The current owners will provide a handover period and all relevant contacts to allow continuity of trading. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
