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Finance And Services:

Business For Sale. Established Forme Cutting & Print Finishing Company Turnkey Manufacturing Operation

LISTING DETAILS
Firms For Sale ID:
34564
Vendor reference:
IZ026
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£475,000  
Turnover / revenue:
£189,000
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
5
Employees / staffing:
This is a family run business. The 2 directors work in the business, one is full time the other part time. One director is very much hands on. The other is more responsible for the administrative duties. The business also employs 3 highly capable staff who are production operatives/forme makers/technical drawings personnel. One of the 3 can run the operation short term should the owners be away.

OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy due to forthcoming retirement in the next few years.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. One/both may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Established Forme Cutting & Print Finishing Company
Turnkey Manufacturing Operation
Ref. IZ026
Location : West Midlands
Asking Price : GBP 475,000
Set up more than 30 years ago, this highly equipped, very well established and reputable business provides a comprehensive range of products and services to a diverse range of clients, the majority of whom are based in the West Midlands region.

The company manufactures cutting formes for various trades including the print trade, box-making trade, rubber and plastics trade. All of the tools and moulds are made using a variety of different materials ranging from paper, thin board to corrugated board, foams, plastics, rubber and other materials pretty much all materials excluding metals.

The company provides a full turnkey solution to its clients to also encompass cutting, creasing and laminating, working with both small and large dimension requirements such is the infrastructure it has put in place.

The business has been developed over time with significant re investment in the company and its equipment capability. The company can boast a substantial level of plant and machinery. It specialises in small batch sizes with quick turnaround and can provide a full turnkey solution, be it the manufacture of one off items and samples, through to small and medium batch work.

The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability enables the business to take on varied and challenging high profile projects for both end users and the print companies who work with them. The company offers customers the facility to email drawings direct, allowing them to automatically process the information on their own CAD CAM system.

The business boasts a large number of regular customers and serves a wide range of industries.

From first contact to completion the onus is geared towards complete customer satisfaction.The business is committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale. It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as UK manufacturing starts to grow again.

The business currently operates a one shift pattern. It has spare capacity and does not actively chase new work at this time. There is no reason why this cannot be expanded should a new owner look to put more resource in place to feed the machinery.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic sales and marketing campaign. It has a basic yet informative website but does very little in the way of proactive marketing. Currently most of its work is via repeat business and word of mouth recommendation.