Total of 18784 firms and businesses for sale today Wednesday 19th December 2018
Time to Sell Your Business? List your Business for Sale with www.firmsforsale.co.uk. Login now!
Finance And Services:

Business For Sale. Specialist Manufacturer Of Ancillary Equipment For The Packaging Industry

LISTING DETAILS
Firms For Sale ID:
34711
Vendor reference:
IV030
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,200,000  
Turnover / revenue:
£1,525,000
Net profit / cashflow:
£307,000
Years established:
18
Trading hours:
The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
24
Employees / staffing:
The 2 directors/vendors work in the business on a day to day basis. Both directors are hands on with one responsible for engineering and the other for sales, both have been coaching the management team with the result that this team has been taking more and more of these duties on as time has progressed. As well as the directors, the business also employs: 4 x Managers / supervisors 5 x Design engineers / administration / accounts 3x Design engineers 2x Administrative and buying managers 8 x Skilled Precision Engineers / Apprentices 7 x Assembly/fitting shop personnel

OTHER DETAILS
Reason for selling:
The owners are planning their exit strategy due to pending retirement.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transistion 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
 
Image Not Found
 
 
 
Image Not Found
BUSINESS DESCRIPTION
Specialist Manufacturer of Ancillary Equipment for the Paper Based Packaging Industry
Ref. IV030
Location : Hampshire
Asking Price : GBP 1,200,000 + Net Assets
Set up over 18 years ago this well established and reputable business provides a comprehensive range of niche products and services to a variety of clients in the packaging and manufacturing sector, with an international customer base.
The company specialises in the design, manufacture and assembly of quality products that have high value added content. Components are manufactured from steel, aluminium, carbon fibre and possess its own extrusion dies and tooling. The company has the facility to supply both large and small parts together with large or small batches.
The business has been developed over time with significant reinvestment in the company, including tooling, equipment and its premises. The company can boast a substantial level of modern automated plant and machinery including latest state of the art CNC machining centres and office systems.
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 blue chip end users.
The business has designed and developed many products that are the results of solving complex technical problems for its customers and retains significant intellectual property assets. The business also benefits from having a significant spare part and service facility.
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.
The current split of customer base is with 50% OEM clients and 50% end users. New equipment represents 85% of turnover with the remainder made up with spare parts, repairs and servicing, and commands some of the highest profit margins.
The increase in demand for paper packaged products has resulted in a significant commensurate increase in demand for this business products and so sales and distribution of other manufacturers products, under exclusive license is yielding excellent early results in terms of profitability, without any measurable challenge to the business space or people resources.
Current opportunities for this new activity are in the UK, Europe and soon, the USA.

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 its proprietary designs and products consistently find new customers around the world.

The business currently operates a one shift pattern. There is no reason why this cannot be expanded should a new owner look to put more resource in place.

The company has relationships with UK and overseas agents, with a little more effort this could be increased and it is believed would yield excellent results.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a basic yet informative website but does very little in the way of proactive marketing. In saying that the website ranks number one on Google for explicit searches for the specialised products that the company manufactures.