Sector - Manufacturing
Family business, established in 1979, for sale. Excellent track record, needs new management to move to the next level.Give me more information
Fully describe the business's activities?
An engineering business specialising in thin wall injection moulds, blow moulds, wear parts and general engineering. The company provides a one stop client service, technical drawing, manufacture and maintenance capability.
How does the business operate on a daily basis?
The business is fully staffed as a one stop shop. The owner provides the client service, oversees the drawings and the machining of the moulds. The CNC machines run themselves, provided they have been set up correctly.
What Advertising/Marketing is carried out?
Word of mouth recommendation is the most powerful. The owner services existing clients. There is also a web presence and email campaigns are run from time to time.
What competition exists?
There is only a single competitor to the business.
How could the profitability of the business be improved?
The owners have a strong technical orientation and have built a strong business as a result of a focus on technical precision. The sales and management aspects of the business have been a lower priority. A change in focus to include revenue generation and financial efficiency would pay significant dividends.
Do any have management potential?
The business has been owner driven business since inception so no employees with management potential have been identified.
How involved is the Owner in running the business?
The owners are totally involved in the operation of the business.
When does the current lease end?
1st January 2022
What are the trading hours?
Staff 7h15 to 16h30
Management 6h30 to 16h30
What are the main assets of the business?
Plant and Machinery
Sound business with strong track record
Operates in multiple engineering markets
One stop engineering shop with specialist skills
Narrow sales base due to technical focus
Narrow skills base in country which limits employers choice of employees
Organic growth through existing customer base
Growth from competitors if predatory strategy pursued
General economic cycle
National skills shortage
What is the reason for the sale?
One owner wishes to retire
Other owner wishes to emigrate
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