Steel Press Tool Manufacturers | | Undisclosed West Midlands | | WEST MIDLANDS STEEL PRESS TOOL MANUFACTURERS Extremely well est business trading for almost 18yrs Good location in heart of West Midlands Excellent comprehensive plant and equipment Up to 6 months work booked in advance at any one time Scope to take on press production work to utilise the presses fully A/T: £262,112 F/H: £550,000 for a Share Sale REF: 1249WS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71298
ADVERT IMPRESSIONS : 10,528 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Toolmakers & Precision | | SALE: | Agent Sale | FREEHOLD: | £550000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business is ideally situated in the heart of the industrial West Midlands, where many actual and potential clients are located
HISTORY
• The business was founded by the 2 directors almost 18 years ago during which time they have built up an enviable local reputation for producing quality press tools at a fair price
REASON FOR SALE
• The business is only now being reluctantly offered for sale as one of the two directors wishes to retire
PRODUCTS
• The business specialises in producing quality steel press tools
• All tools are used on their own presses to check the accuracy of the finished product
• In addition, the business carries out small batch production for various clients
• All tool design is carried out in-house and then down loaded to the machining centres for production
CUSTOMERS
• All clients are within an approximate 60 mile radius of the premises in the West Midlands
• The business has 4 key clients who give regular repeat work
STAFF
• The business has 5 full time employees including the 2 vendors and 1 part time, who works for approximately 10 hours per week
TRADING HOURS
• Mon – Thurs: 7.30am to 4.15pm
• Fri: 7.30am – 1.30pm
FINANCIALS
2011 2010
Sales £262,112 £242,885
Gross TBC TBC
Net £61,952 £48,117
• Stock holding £30,000 (£25,000 work in progress, £5,000 stock)
• One of the two directors is quite happy to stay on with the business and work with a new owner
STRENGTHS
• An extremely well established business which has been trading for almost 18 years
• Good location in the heart of the West Midlands where many potential and actual clients are situated
• Excellent comprehensive plant and equipment
• Very good customer reputation with a high repeat trade
• Consistent annual sales of circa £250,000 which is producing excellent net profits
• Has up to 6 months work booked in advance at any one time
SCOPE
• The business is already operating very successfully, it does however, still offer excellent potential to increase both sales and profits in the future by:
1. Work / open more hours on a Friday afternoon and on Saturday mornings
2. Train the existing staff in CAD / CNC
3. Increase the plant capacity as work is turned away on a regular basis due to long lead times
4. Take on press production work to utilise the presses fully
5. Trial run other toolmakers tools
6. Advertise as none is currently undertaken
PREMISES
• Detached premises which extend to approximately 6,000 square feet and which briefly comprise:
• Front door from own car park
• Single office and staff w/c on entry
• Door through into the workshop
• Side inspection office and CAD office and works w/c
• Spacious tool room with mixture of CNC and traditional equipment
• Press machines to the rear with fire exit
• There is a manually operated roller shutter door to the side of the works for ease of deliveries
• The offices are fully double glazed and the premises are alarmed throughout
• The work shops are fully equipped for purpose and include:
• VISI design & progression software
• Autocad 2004 design software
• Spinfire professional software
• Validator CMM measuring machine
• Inspect 2 CAD 3D measuring software
• Digitizing capability
• Fanuc Alpha 1C wire eroder
• Five axis auto wire feed
• X520. Y370. Z300mm
• PC programming using precision CAD/CAM software
• Sabre 1250 CNC vertical machining centre
• X1000. Y760. Z560mm
• Arrow 750 CNC vertical machining centre
• 200 ton try out press
• 84” x 48” bed. 16” stroke. Max shut height
• 150 ton try out press
• Lifting capacity to 3 ton
• Agemaspark spark eroder
• 400 x 280mm tank
• Jones & Shipman 1540P surface grinder
• Jones & Shipman 1400 surface grinder
• Jones & Shipman 1415P surface grinder 27” x 12” cap
• Harrison 600 centre lathe – 13” swing. 40 – 2000 rpm
• Conventional milling capacity – 42” x 16”
TENURE
• Freehold
• Rates: £3,500 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1249WS / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
