IL020 -Specialist Hydraulic and Precision Engineering Established 30 years
Advert ref: #4856
Category: Engineering
Location: England -> South East -> Cambridgeshire -> Peterborough
Category: Engineering
Location: England -> South East -> Cambridgeshire -> Peterborough
Business for sale
Asking Price:
£380,000
Turnover:
£220,000
Annual profit:
100k to 149k
Audited accounts:
Yes
Management accounts:
Yes
Business description
The business was established in 1979 to supply a service of repairs to local farm machinery to include trailers ploughs hay bailers and many more. The current owner purchased the business in 2002 after a distinguished career with Perkins Engines, they wanted to branch out and service, repair and manufacture hydraulic cylinders plus refurbish tooling machinery and produce bespoke one of items for a broad sector of clients and of course carry on the established farm machinery maintenance when needed.The company quickly out grew they premises and decided to purchase a freehold industrial unit of circa 1900 sq feet with a mezzanine floor of circa 1400 sq feet.
Once established in the new premises the company quickly installed extra plant to handle the demands of growth and the new high tech work that it received. The business has a well trained and qualified staff that all produce high quality on time results for the owners ensuring high levels of repeat business from its wide and varied customer base.
This is an ideal opportunity for the new owners to stamp their mark on the business and build on the substantial base put in place over the past eight years. The machinery and plant is of a good quality as the present owners have invested profits back into the business to ensure the high levels of growth and quality of client base the business has today.
Everything is in place with this business for a new owner to invest in staff and sales to take it to the next level and beyond.
Employee details
Fulltime staff:
2
Parttime staff:
0
