Very High Precision Engineering Company
Location: United Kingdom -> Hampshire
Industry: Manufacturing > Other Manufacturing
Businesses for sale Summary
Very High Precision Engineering Company For Sale. Ref.IX013. Location Hampshire. Asking Price ? 320,000. Established for over sixteen years and located on its current site for the last seven, this business manufactures very high quality precision parts working for some of the UK’s leading companies and has a particular presence in the marine and underwater industry sectors. It has ample scope for client and production expansion. Listed as a preferred supplier for a number of its customers this business focuses primarily on small batch precision machining in brass, stainless steel. aluminum and plastics – with production runs of up to 500 pieces. Its production includes components that range from the quite simplistic to the highly complex. Used in some of the most hostile environments on the earth in the oil and gas sector as well as in remotely operated undersea vehicles the requirement for high quality and precision is paramount.
Asking Price Range: $500K – $1.0M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1992
Number of Employees: 1 – 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: The current Owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new Owners within a maximum of three months from completion.
Reason For Selling: This is a genuine retirement sale due to illness of the current Owner.