This privately owned business was established in 2004 by its current owners and has provided a generous income for the Directors who are due to retire. The principal activity of the business is CNC Wire Erosion, CNC Spark Erosion, and CNC Milling to manufacture new and repair existing tools for clients in the plastic mould and pressure die-casting industries.
The business is located in the West Midlands near the border with Staffordshire, within modern leasehold premises on a clean industrial estate with easy access to the M6, M6 Toll, M54 and M5 motorways.
The business has always enjoyed a good forward order book and the Directors believe that future prospects are very good to retain and develop the business for the new owners.
Presently the business has a turnover of £120,000 with an operating profit of £50,000, however this is with the current Directors only working between 3 and 4 days per week. Therefore there is considerable capacity to further develop the turnover.
There is a fully equipped tool room that provides an efficient working environment for a small team of engineers to produce new tooling for clients and repeatable spare parts. The business has provided a specialist CNC Wire Erosion, CNC Spark Erosion, and CNC Milling service to industrial clients.
Much of the company's business has been repeat orders from its existing client base and with retirement pending marketing activities have been limited to just the company website. There is scope for further marketing activities.
The reason for the sale is that the directors are due to retire later this year 2016, there is not a succession plan through the family. However both the directors are prepared to continue working with the new owners for sometime to ensure continued growth and client confidence.
Offers of £55,000 are invited. Plus stock at value.
In the first instance please email directly to the current Directors email@example.com
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