ENGINEERING COMPANY WITH A COMPREHENSIVE MACHINING FACILITY AND A WELDING & FABRICATION DEPARTMENT - SOUTH SOMERSET
Price : £500,000 plus stock/work-in-progress
Business Reference No. 12793
- Long established
- Excellent name and reputation
- Loyal workforce of longstanding skilled employees
- Able to provide a wide range of ‘in-house’ manufacturing covering welding and machining – not very common in its operating area
- Comprehensive range of specialist sub-contractors used to enable the company to offer a wider range of services and thereby provide customers with a complete package, i.e. ‘one-stop solutions’
- Longstanding relationships with loyal customer base
- Business premises offered with a lease (but freehold could be made available)
- Extensively and valuably equipped for its trade
- Turnover £1,116,325 (Net Profit £185,148) y/e 31st March 2024
- Genuine scope to significantly increase trade (no marketing undertaken, yet plenty of capacity to take on extra custom)
- Owner (M.D.) wishes to work in the company for a new owner to ensure smooth transition and to assist with engineering and future growth
- Offered at an attractive price to encourage early sale
THE BUSINESS : Established in 1989 by our vendor client and his former business partner, the business was incorporated in 2014. It provides a wide range of engineering services from milling and turning to welding and fabrication. Its success has been built on a mixture of traditional skills and the use of modern CNC machinery, whilst its realistic pricing, prompt deliveries and strong customer service form its core strength.
The company has a database of circa 100 customers (all of which are within the company’s somewhat limited current area of operation – approximately a 55 mile radius of its base) of which 30 to 40 are ‘regulars’. Almost virtually, no job/project is to...
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