Parts & Tool Manufacturers With Big Clients Peterborough

Peterborough, Cambridgeshire
Leasehold Price:
£190,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
203625
Reference
14308 G / Rightbiz

Details

BUSINESS
Hilton Smythe welcomes to the market M & M Precision Engineering which was established by our clients in 1988; they are now looking to move into retirement.

As the name suggests M & M Precision Engineering are manufacturers of bespoke parts for many large, local, countrywide and international clients.

They manufacture duplex machined parts, nylon machined parts, prototype machined parts, engineered products, CNC machining and specialised hand tools. They have a comprehensive range of manufacturing and design skills in CNC milling, turning, cylindrical and surface grinding, jigs, fixtures, rotary broaching, prototypes and specialised tooling to the medical, pharmaceutical, automotive and marine industries.

They undertake work in all types of materials including steel, brass, copper, stainless steel, aluminium, Inconel, remco, titanium and plastics.

M & M use mainly XYZ Machine Tools to cater for their clients such as Snap-On, Rockwell Automation, Amazon and Vogal Group to name a few.

The business relationships with these clients have been long standing and are still on going.

There is a website included in the sale www.mandmprecisionengineering.co.uk

The business could be grown further as our clients have informed us there is more business to be gained from the current client base and more clients to be had. Due to the fact they are looking to retire, they have not chased new business.

Hilton Smythe highly advise early viewing to avoid disappointment.


LOCATION
M & M Precision Engineering is located in Peterborough within Cambridgeshire on a large industrial estate which is close to the A47/A15 junction for major transport links.

There is parking directly outside the premises for 4-5 vehicles.

PREMISES
To the front there is parking for 4-5 vehicles and a door into the shop floor.

The premise is a double unit which has been made into one, each unit is a mirror image of the other having a set of tea making and toilet facilities at either end of the building.

The ground floor area has the bulk of the machinery and tooling:
1 x VM5000 machine
1 x XYZ CNC lathe
1 x Proturn 410 CNC lathe
1 x Hand saw
1 x Press
1 x XYZ Pro 2000 CNC machine
1 x Cylindrical grinder
1 x surface grinder
All relative tooling

Inspection/test area with various tooling and measuring equipment, 2 computers which have a Tricorn system for traceability for the breakdown of quoting.

There are two first floor areas with an office with desks and computer system, an area outside of this for the digital measuring machine and assembly area.

The other first floor area houses storage for more tooling:
1 x 25 tonne power press
Full welding equipment.

Outside rear is an open area for storage under a canopy plus 2 compressors.

There is a CCTV system and a gated entry system.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 5 years.
Remaining lease length: 2 years as of 2017.

Rent: £ 7,600 per annum paid quarterly and including insurance.

The landlord is flexible about granting a new lease.

HOURS
The business opening hours:

Monday: 8am – 4pm
Tuesday: 8am – 4pm
Wednesday: 8am – 4pm
Thursday: 8am – 4pm
Friday: 8am – 3pm
Saturday: closed
Sunday: closed

Due to our client’s future retirement plans they have not extended the hours; however, the lease permits longer hours if required.

STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
M & M Precision Engineering generated an advised turnover of circa £198,286 as of the 2015 accounts, with a gross profit of 85%.

2015 had 2 employees and turnover has decreased to an average of £158,000 over 2016 and 2017 as our clients now work alone.

The accounts for the last two years are with the accountants but will show a conservative net profit of circa £60,000.

EXTRA NOTES
Our clients are willing to stay on during the transition time in order to have a seamless handover of the business.
Listing Details
Leasehold Price: £190,000
Tenure: Leasehold
Sector: Toolmaker And Precision Businesses
Financials
Annual Turnover: £198,286
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