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Precision Engineering and Subcontract Machining Business for Sale in Suffolk

Undisclosed, Suffolk

CONFIDENTIAL

  • Turnover: £413,028 (£7,943 per week)
  • Profit: On request

Business Details

PRECISION ENGINEERING AND SUBCONTRACT MACHINING SPECIALIST

BASED IN EAST ANGLIAYE25 TURNOVER £409,000The company is a subcontract precision engineering business offering a range of manufacturing services tailored to client requirements, positioning itself as a trusted one-stop-shop machining partner. The business specialises in CNC machining solutions and supports a diverse client base across multiple sectors with high-quality engineering and manufacturing expertise.The shareholders are selling to facilitate their planned retirement.Trading for over 10 years. Serves 26 active clients across a range of engineering and technical sectors.Multiple long-standing client relationships extending up to a decade, supported by several multi-year contracts already in place.Asset register is valued at approximately £282,000.In-house expertise across CNC milling, turning, programming, and 3D printing. Nearing completion of ISO 9001 accreditation.Operates from 2,800ft2 leasehold premises, with an annual rent of £14,400. Offers invited.
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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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