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Sun, Sep 27 2020 01:25:08 AM  |  /

Quality Control and Component Inspection Company

Business Id:000417     |    Reference: IH032
Price:
£195,000.00
Business Description

Quality Control and Component Inspection Company
Ref. IH032
Location : South West Wales
Asking Price : £195,000

Thirteen years later the company continues to provide a quality control and component rectification service for a range of customers and their suppliers in South Wales. The business will check large numbers of individual parts to insure they have been made to the exact specification and tolerance required by the purchaser and also audit complete units for performance. These manual processes take place both at the company’s industrial unit and also on site at the manufacturer’s premises.

All work is contracted and demand for their services is growing as more companies outsource key areas of their processes to control manufacturing costs.

 
Business Information
Turnover:£288,297.00 Annually
Is this business relocatable: Yes
Business Sector: Manufacturing businesses, Miscellaneous businesses, Electrical Engineering, Computers/electronics manufacturing companies
Statistic Information
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Business Profile
Equipment: Regardless of the contract the exact testing processes is fully specified by the client and any technical equipment needed to complete the procedure is also provided by the customer. The company does have an Ultra Sonic degreaser, an Aqueous Wash degreaser and a Shot Blaster.
Key strengths: Controlled overheads • Profitable process • Contracted employees • Broad range of customers • Growing demand
Key Opportunities:
Financial performance: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover in 2015 was £288,297 and produced an EBITDA before owner’s drawings of c£39,000.
Asking Price: £195,000
Advertising and Marketing: The company has never had the need to advertise its activities being able to fill its order books from existing clients and referrals.
Growth and Expansion:
Premises: While it is expected that a purchaser would relocate the business the leasehold unit would be available to a purchaser, if required.
Business Hours:
Employees: The business is run by the two founding directors and they employ fifteen contracted employees to carry out the manual inspections operating both on and offsite.
Support and Training: The owners will provide a full handover for a period to be agreed as part of the sale negotiation.

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