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Precision Engineering Company
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $301743
Net Profit / Cash Flow $169768
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Full support and training will be provided to the successful purchaser on a mutually agreed basis.
Reason for Sale This is a genuine retirement sale.
Description Precision Engineering Company
Ref.IX022
Location Kent
Asking Price œ 149,950
Established in 1987, this business specialises in manufacturing parts and components to the industrial sector.
This successful business uses modern machinery to keep labour to a minimum. Consequently the present owner has invested heavily on buying up to date equipment, with the emphasis on buying machines that could be used on an `as is' basis or modified to make components automatically, in the knowledge that competitors were using more labour. The range of machinery includes mainly CNC machines.
Most components are manufactured in house. The Company is very good at engineering a production solution and is able to make components in the most cost effective way. A ''one stop shop'' service is provided for customers, taking care of every aspect of making their components from inception to delivering complete onto their production line.
With its wide capacity range, the business offers a very flexible package to both its present customers, and potential new customer base. The business works closely with suppliers to ensure that the latest tooling technology and materials are employed, continually looking to enhance operations to the benefit of customers.
The Company is known for its quick turnaround times, competitive prices and high quality products and has all the required facilities, research development and pre-production to develop ideas and needs into a superb finished item, all under one roof. Company philosophy is a very simple one, to produce customer requirements on time, every time, engineered to exacting quality standards.
The business has enjoyed a policy of continued investment in new equipment, and re-investment of profits. This has kept the Company in pace with modern manufacturing methods.
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