Total of 18656 firms and businesses for sale today Sunday 28th April 2024
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Sold. Electronic Consumer Products Manufacturing Co.

LISTING DETAILS
Firms For Sale ID:
33880
Vendor reference:
IG031
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£699,000  
Turnover / revenue:
£866,000
Net profit / cashflow:
£60,000
Years established:
35
Trading hours:
The company currently operates a 40 hour single shift pattern, Monday to Friday.
Number of employees:
13

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. This should be relatively simple process as the business has key employees in place.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Electronic Consumer Products Manufacturing Co.
Design, Manufacture, Sub-contract Manufacture and Sales
ISO9001
Ref.IG031
Location Midlands
Asking Price GBP 699,000
This very well established and highly regarded UK electronics manufacturing company was set up by the current owner more than 35 years ago and in that time the company has developed its own range of specialist electronic products, which it takes to market direct, as well as providing subcontract design and manufacturing services to a diverse customer base.
The companys own branded range of products consist of power supplies, amplifiers (set back, mast head and distribution amplifiers), splitters and combiners that have been designed and built primarily for domestic applications. The company sells these both to the trade and direct to market through its own e-commerce site as well as utilising the major online portals and via its highly successful catalogue.

In addition to this the business provides valuable sub-contract manufacturing services to customers applying its own modern automated electronics assembly facility here in the UK. It is regarded as an expert in the field of RF electronic technology.

The company has superb internal capabilities and quality management systems in place, so much so that it offers 3 years warranties on all of its own brand products that are manufactured in house. It owns the designs to these products.

As part of its continuous investment programme the company has recently received a letter of intent from the accreditation body that it will gain ISO9001 accreditation by early 2015. This should potentially open up even more markets for a new owner to target moving forward.

The companys internal range of services includes-Design, Prototyping, Electronic Testing, Manual Assembly, High Speed Automated Assembly, Component Storage and Final Product Storage and Distribution.

Expansion Potential
The business has performed consistently over the years. It has enjoyed new growth over recent years due to the implementation of new working practices and quality systems, as well as through the development of e-commerce sales channels. There is spare capacity within the current infrastructure to accommodate significant growth, should a new owner look to push the business forward.

There is no reason why a new owner could not significantly grow the business by being more proactive as well as targeting new customers who want UK badged high quality manufactured products. The business has the ability to enter new markets as it already has a sterling reputation in place and can provide either full turnkey and sub contract services.

We are advised the current premises could be extended to accommodate such growth.