| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 17,109 TIME(S)
BUSINESS REFERENCE : IQ005 / RightBiz AVON - £350,000 - USED METROLOGY COMPANY | | | | | | Used Metrology Company Confidentially offered for sale Ref No: IQ005 Location:Avon Asking price: £350,000 | | | BUSINESS LOCATION: | Undisclosed Avon UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Metal | | SALE: | Agent Sale | LEASEHOLD: | £350000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was started by its owner in 1994 when he realised that there was a strong demand for high quality used metrology equipment. There is a widely held belief that the older equipment performs better and lasts longer than newer versions that are imported from abroad.
The company supplies all forms of metrology including verniers, micrometers, thread measurers, height guages, comparator gauges and clocks, calibration equipment, bore measurers, projectors, length measurers, surface measurers, angular measurers and screw gauges. All equipment is checked, tested and calibrated prior to dispatch.
Equipment:
The company stocks Sip Genevoise, Starrett, Rank Taylor Hobson, Bowers and crown and Windley to name but a few. The business does not buy or sell stock manufactured in the Far East.
Customer Service:
This niche market operation has a simple policy on customer satisfaction. Every product is sold with a full no quibble money back guarantee. This has resulted in a customer base who will ring and pre order equipment and happily wait for the right item to be bought into stock rather than source their metrology from elsewhere.
Key Strengths:
The company has established an excellent base of blue chip suppliers from whom it buys stock on a regular basis. It has also built up an enviable parts department that enables it to service, repair and guarantee any item that comes into stock.
The business has no borrowings and extremely low overheads
Growth and Expansion:
Every engineering company and machine shop in the UK is a potential customer. At present only those who use the web to search for their equipment will get to know this company. Selective and repeat mail shots across the broad spectrum of the engineering industry would raise awareness of this company and increase revenue streams.
Employees:
The business is run by the owner and one self-employed driver.
Advertising and Marketing:
The business presently generates its business from a comprehensive and well-optimised web site. Every item of stock is listed with a full description and in most cases a photograph. One small advertisement in a quarterly journal.
Premises:
A double fronted retail unit in a residential area. This comprises of a well stocked and immaculate temperature controlled showroom and a small office / workshop. The rent is set at four hundred and eighty pounds per month including all services.
Business Hours:
Viewings are by appointment
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. The business is very profitable and has a large amount of unencumbered stocks with a retail value of £230,000.
Reason for Sale:
The owner has decided to retire.
Support and Training
There will be a full and seamless handover for the purchaser. For a purchaser with limited experience in this sector a longer handover and training period could be negotiated. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IQ005 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
