| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 53,270 TIME(S)
BUSINESS REFERENCE : 467 / RightBiz PLASTIC INJECTION MOULDING BUSINESS | | | | | | Business established early 1960’s with own product ranges and extensive customer base. Turnover of £1.5 million. | | | BUSINESS LOCATION: | Birmingham Relocatable B00 0XX | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Plastics & Chemical | | SALE: | Private Sale | LEASEHOLD: | £745000 | | | | | | | | | | | BUSINESS DETAILS: | Established: Early 1960’s by current seller and 100% owner.
Turnover: £1.5m (£1m of own product lines on own tools).
Customer base: Extensive and varied customer base – 500+ customers over the last 5 years, 200+ customers in last 12 months.
Products: 100 own unique productive tools manufacturing own range of stocked product lines.
Sectors Served: A very broad range of industrial sectors is served.
Plant & Machinery: A wide range of modern reliable moulding machines.
Number of Employees: 20+ employees, subject to TUPE. Management is available for continuity and handover on a consultancy basis, on terms to be agreed.
Location: The Midlands base is potentially easily relocatable as an “add-on” to an existing business, or can be maintained as a “new” facility.
Profitability: Profitable business, with gross margin of 35%.
Profit Growth Potential: There are easy opportunities to improve profitability:
o Exploit the customer base
o Reduction of manufacturing area
o Substantially reduce overheads
o Exploit Midlands skill and labour base
o Rationalising and cherry picking the most profitable jobs
o Outsource tool room
o Speed up new product pipeline for quotation
o Improve machine productivity
Reason for Sale: Retirement of the owner, and family exit from the business.
Price: £745,000.
Terms: Bids are sought for the Business, Assets and Goodwill. Employees subject to TUPE. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | Confidential - Members Only | | CONTACT: | Confidential - Members Only | | REFERENCE: | 467 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
