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Business for sale in United Kingdom - Ix017-precision engineering & scientific instrument manufacturer design, development, refurbishment & general machining-thames valley, berkshire

| Asking Price: | 275,000 £ | |
Real Estate: | Lease |
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| Sales Revenue: | 482,000 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1973 | ||||||||||
| Employees: | 7FT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description

established in 1973 and purchased by the current owner in 1998, the business is staff run and has steadily invested and extended their capabilities in response to their clients' specific requirements and the growing demand in general for their services. Proudly dedicated to client satisfaction, they are an established and respected precision engineering company supplying a range of sophisticated instruments used to manipulate parts mainly within a vacuum environment and with a range of rotary drives, which form part of their instrument section. In addition they offer a high quality machining and assembly service to the industry and provide reliable and expert sub-contract machining and scientific instrument manufacturing. The business represents a fully-integrated manufacturer of scientific equipment, manufacturing product under their own brand. This independent company manufactures and supplies a comprehensive portfolio of high value scientific equipment to markets worldwide at competitive and profitable pricing. In-house capabilities also enable the company to offer a high quality machining service to a variety of local industries and to the wider subcontract market sector. The majority of the business’s revenue is generated from the high quality machining activity and its extensive client base covers a variety of industries and institutions including scientific, medical, universities and international companies. They also have the ability to design and manufacture bespoke equipment used to enhance and compliment the scientific range of instruments. The business operates from a prime location and has established itself as one of the uk’s leading independent manufacturer for scientific and laboratory products. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail facing retirement age the owner of this business is looking to transfer its customer base and extensive forward order book and to integrate its top quality facilities with those of a new owner. With projected turnover for the current year in excess of £481,000 and an extensive inventory of up to date plant and equipment this represents an excellent opportunity for any investor looking to acquire a very well managed and profitable operation and expand their presence in the light engineering sector. Quality assurance: this business is very proud of its iso9001:2008 status, a mark of their commitment to provide quality systems through a detailed quality management process. Equipment: the business has enjoyed a policy of continued investment in new equipment, and re-investment of profits. This has kept the company in pace with modern manufacturing methods. Machine centres with automatic tool changing capabilities and cnc turning facilities together with other allied equipment are all to be included in the sale. Customer service: • excellent lines of communication with clients • strong client satisfaction • fast turnaround • flexibly, reliably and competitively priced service • rapid response to requests for quotations, advice and assistance • expertly skilled and experienced staff key strengths: • in-house finishing facilities ensuring independence from sub-contractors • close working relationships with established clients • excellent reputation for integrity and quality workmanship • strong profit growth • in-house machining facilities to back up sheet metal operations • extensive investment in technology and the latest machinery • high quality precision bespoke engineering work key opportunities: • superb opportunity for an owner operator to increase profits • excellent opportunity to produce the business’s own products • strong demand for services and capacity to double turnover • opportunity to introduce a marketing and advertising strategy to increase turnover • excellent growth opportunities to widen the sales area • excellent opportunity to build on existing base and grow with new enthusiasm growth and expansion: the current market for this business’s services is stable and is forecast in the near and longer term for further growth. The business is well positioned to take maximum advantage of this growth as it occurs. This business has got capacity to increase work without increasing cost or labour.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | The vendor is more than willing to assist a new owner operator into the business in order to ensure a smooth transfer is achieved. |
| Reasons for selling: | This is a genuine retirement sale and represents a rare opportunity. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Not Disclosed |
| Location: | The business is located in an easily accessible area of the Thames Valley, close to main Motorways, trunk roads and urban centres and has full facilities, workshop area and administrative offices; this is a modern extremely well maintained unit. The premises are leased with 6 month break period. There is an excellent longstanding relationship with the landlord, and a new lease could be negotiated on terms agreeable to both parties. |
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