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BUSINESS REFERENCE : IG015 / RightBiz ELECTRONIC DESIGN AND MANUFACTURE | | | | | | Electronic Design and Manufacture of Custom Solutions, Chemical Analysers and Industrial Control Equipment Confidentially offered for sale Ref No: IG015 Location: Re-locatable Asking price: £335,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Computers & Electronics Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £335000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This family owned business was founded in 1977 and has grown since inception to become an established UK company that specialises in bespoke electronic design, development and manufacture, particularly for 'non-electronic' companies who either use them in their products, or sell them on under their own brand name.
The company specialises in chemical analysers and controllers for various chemical processes, including electroless nickel plating. Their product range also includes timers, temperature controllers, current sense units, level controllers, fire display panels, flow meter totalisers and gas leak detectors.
This company populates the circuit boards in their own workshop and is the only company in the U.K.manufacturing this type of chemical analysis equipment.
The equipment offers a complete turnkey solution, helping the manufacturing process, by analysing and measuring chemical components. Some chemical companies manually measure and calculate the raw materials, with the help of the control equipment, the process is automated, which keeps measurements constant and cuts out any reject production.
Components are kept in house, which allows for a quick turnaround for clients. All record, instructions and detailed diagrams, including many hundreds of different drawings and assemblies relating to over 150 different products are kept on file enabling easy access to details of clients bespoke control equipment.
The company runs on a low overhead basis and is extremly profitable,with high margins on their equipment.
The business would need to be re-located and would make and ideal add-on business for a current electronic manufacturer.
Equipment
The business have a CAD design system and fully computerised stock control and bill of materials system for a fast efficient service. The PCBs designed into the products cover all types; single sided, multilayer and surface mount, and the PCB assembly is all done by hand by skilled personnel.
Specialised testing equipment and tools used in the manufacture of circuit boards, plus the designs, plans, instructions and data are included in the sale of the business.
Customer Service:
One of the major features in the businesses growth and success, apart from the quality of the product, is the importance of good customer service, competitiveness and rapid response times. The company are renowned for their range of designs and excellent problem solving. They have a reputation for being a reliable and trustworthy operation that customers can trust. Reputations like this are backed up by client testimonials and recommendations.
Key Strengths:
The business has acquired a great deal of experience and is recognised for its high standard of workmanship, which combined produces reliable quality products. This combination explains the strong demand for their expertise and products from the excellent database of clients who order the equipment on a regular basis. The business never compromises on its service and reputation and remain an extremely valuable supplier to their customers. Throughout all stages quality, reliability, ease of assembly and price remain of paramount importance.
Advertising and Marketing:
The company has never needed to advertise its products and services. To date the business have relied upon the quality of it products and success has been achieved through word of mouth recommendations and repeat business. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and the practice regards its existing clients as its best advertisers and maintains and impressive base of repeat clients, whilst continuing to attract new referrals.
The business has an excellent and informative website which showcases the business and gives detailed information on the goods supplied.
Growth and Expansion:
This business maintains an extensive base of repeat clients, who appreciate the company’s superior service. There are excellent opportunities to increase the level of business. The company has invested limited money on marketing themselves apart from the company website. The majority of their business comes in from word of mouth recommendations. A large number of companies still manually analyse their chemical usage and these companies could be a potential source of further profits for the business if targeted on a specific marketing campaign. There is also a huge export market which has been neglected. The products would easily be transferable to either, the European Market, America and the Far East.
Employees:
The owners deal with the day to day running of the business, administration and the assembly of the circuit boards.
Premises:
The business is fully re-locatable, premises are not included in the price of the sale.
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.
Turnover is circa £153,000 per annum with a net profit of circa £71,000.
Reason for Sale:
The owner and his wife are approaching retirement age. They are happy to support a new owner of the business by providing support and training for a negotiated period of time. The vendors are keen that the integrity of their equipment will be retained following the years of building up their business and reputation | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IG015 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
