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Precision Machined Components Manufacturer For Sale in County Durham with Strong Client Base

 Undisclosed, County Durham

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    01/09/23

  • Advert ID

    519004

  • Reference

    B07475 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £528,437 (£10,162 Per week)
  • Net Profit: £20,860 (4% Profit margin)

Business Details

Specialised manufacturers of precision machined components

Business
Please quote reference number B07475

The business was established in the late 1990s in the North of England. Since inception, their customer base has grown steadily to include many large companies within the region and further afield.

Specialising in the high-quality manufacture of precision-machined components, the equipment and products are shipped all over the world for the oil, gas, plastics, and petrochemical industries.

Components and Equipment include CNC Milling and Turning, TIG Welding, Conventional Machining and Grinding.

They not only work with local, national, and international blue-chip companies, but also carry out precision and bespoke work for small businesses throughout the area.

There is great scope for expansion and adding to the already existing portfolio. The business operates within a buoyant market, and their services are subject to increasing demand.

 The business has several capabilities and assets to stand out from its competitors and attract the prospective purchaser, including:

  • A varied portfolio of manufacturing services and materials.
  • Outstanding client base across a vast variety of sectors.
  • Excellent reputation in the industry, with a long trading history.
  • A healthy financial profile, with a turnover of £657k in 2023 and with increasing sales in the past two years.
  • Exceptional lead times, particularly for urgent projects.
  • Reliable stream of income, with 60-75% repeat business.
  • Excellent opportunity to expand within a booming market.
Highlights

  • Long trading history and experience.
  • Excellent client base.
  • Steady repeat business and dependable income.
  • Unique and high-quality products.
Opportunities

  • Opportunity to increase staffing and equipment.
  • Expand in the Renewable Energy sector.
  • Expand size of business.
   



Location
The business is located in the North of England.



Premises
The business trades from a large unit on an Industrial Estate.



Tenure
The premises are Leasehold.



Hours
The business trades all year round.



Staff
The business has a team in place.



Financial Profile
Turnover IRO - £657k in 2023.

  • 100% share capital.
  • Parties to sign an NDA.


Read more

Contact Agent

Listing Statistics

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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