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Precision Engineering Company Specialising in Oil and Gas Components for Sale in Staffordshire

Undisclosed, Staffordshire

CONFIDENTIAL SALE

  • Leasehold: £1,200,000
  • Turnover: £913,279 (£17,563 Per week)
  • Net Profit: £282,635 (31% Profit margin)

Business Details

Well Respected Precision Engineering Company


    Now on the market is a distinguished machining business that has carved a niche for itself in the manufacturing landscape by specialising in precision components, particularly catering to the demanding needs of the oil and gas sector.

    Established in 2011, this business's origins are rooted in the expertise of its founder, an application engineer with a robust background at esteemed entities like Rolls Royce and BAE Systems.

    The company boasts a commitment to excellence and quality craftsmanship that sets it apart from standard production operations. This dedication to delivering superior workmanship ensures a competitive edge in an industry where precision and reliability are paramount.

    The sale of this business is part of a long-planned exit strategy. The vendor's willingness to provide consultancy support for up to 12 months offers valuable expertise and guidance during this growth phase, after this period the vendor is happy to stay on after the 12 month period in an advisory role.

    This would be a perfect opportunity for someone with industry experience interested in being their own boss, or perhaps an existing company looking to expand their service offering.
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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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