Sold
Precision Engineering Business in the West Midlands For Sale
West Midlands
- Asking Price: £950,000 +SAV
- Turnover: The business generates a turnover in the region of £1,100,000 per annum, with a gross profit of approximately 32% as per 2016 accounts.
- Tenure: Freehold
CoGoGo is delighted to welcome to the market this well-established and very busy precision engineering business, ideally located within a town in the West Midlands. The business was established by our client in 1979 and is only now, reluctantly, being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £1,100,000 per annum, with a gross profit of approximately 32% as per 2016 accounts. The business is an established precision CNC machining company. Our client offers machined components, with parts for the valve industry, forging and casting manufacturers, hydraulic bolt tensioning industry and the car industry, all of which have been worked with locally, nationally and internationally. All the components can be machined from free issue material or the business can source material from trusted suppliers. The business has built up an excellent reputation within the area for the very high quality and workmanship of the products, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope for a new owner to increase the turnover by extending the opening hours, perhaps by operating at weekends as there are no restrictions for this. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered, as well as maximising the use of social media to promote the business. There is already a very informative website in place to advertise the business. This is an excellent opportunity for a new owner to take this already busy and thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
This precision engineering business occupies substantial ground floor premises, ideally located on a busy industrial estate in the West Midlands. The business is surrounded by complimentary businesses and benefits from a high volume of footfall and passing trade. The business further benefits from its own car parking facilities, as well as on-street parking facilities. The area of the business is well served by the public transport system, with a bus stop just a minutes’ walk away. The nearest railway station is just over two miles away. The area is also well served by the A-roads and motorways, with both being within easy driving distance, which link to the national A-road and motorway networks.
Substantial ground floor premises in an ideal trading location, briefly comprising: Reception and customer waiting area.Offices to front. Main workshop, which is approximately 5,000 sq. ft. with concrete flooring, fluorescent lighting, overhead gantries and roller door to side. Equipment included: 2 x Okuma Howa Act-35 Chucking Lathes (200mm Diameter x 610mm Length)1 x Victor V-Turn 36 Chucking Lathe (380mm Diameter x 1500mm Length)1 x Doosan S700 700mm Chucking Lathe ( Dia500max length, Bed Length 1500mm)1 x Doosan Puma 480L 400mm Chucking Lathe (550mm Dia x 500.Bed Length 2000)1 x Leadwell LTC 25IL Chucking Lathe (300 Dia x Bed Length 1000)1 x Webster Bennett [36”] EV Boring Machine CNC MILLING 1 x Hartford Mercury Machining CENTRE (2300 X 800 X 850) Table with full forth axis capability [500] DIA1 x Hartford Kappa Machining Centre (2000 X 700 X 800) Table with full forth axis capability [400] DIA1 x Haas VF4 Vertical Machining Centre (1200mm X 450mm) Table with full forth axis capability [300]DIA1 x Hartford HCMC 1370 Vertical Machining Centre (1300mm X 600 X 600) Table with full axis capability [300] DIA1 x Haas VF4 Vertical Machining Centre (1300mm x 550mm) Table with full forth axis capability [200]DIA External: Excellent signage and a large car park/yard to side of property.
