INDUSTRY

Marine Dealers & Equipment

BUSINESS SUMMARY

Precision Marine Engineering Company Confidentially offered for sale Ref No: GO009 Location: North East Asking Price: £395,000 This successful company was formed in 1982 as a supplier to the marine industry. The business has continued to grow and diversify its product offering, and when the current owner joined the company in 1990 new markets were developed. They are now one of the most respected suppliers of major branded marine engine spares. They also manufacture, repair and service marine engines. They supply depth senses to the enviromental industry and also work with the brewing industry. This company has developed niche markets in key areas of precision engineering. Precision engineering, which works down to microns, is a specialist field. The company employ a highly skilled workforce, which can work comfortably providing the design and the solution for all problems given to them. The strength of the company is the ability to provide quality and precision engineering. They have proved themselves to be a company, who, are flexibile and adaptable. The business has a long list of clients it works with, including some Blue Chip companies,with many of their customers having dealt with them since the 1980’s

	BUSINESS FINANCIALS
Asking Price: £200,000
	GENERAL COMPANY INFORMATION
Organization Structure: Headquarters/Main Location: Home Based Time on lease/mortgage: N/A Is Business Relocatable? No
	MARKET OUTLOOK/COMPETITION
The business does not advertise its service as they rely completely on word of mouth recommendation . There is a company web site, which is fairly basic and could benefit from an update.
	DETAILS ABOUT THE SALE
Reason for Selling After nearly seventeen happy and prosperous years building up the business, the owner wishes to retire. He would be prepared to help the new owners, carry on the high tradition and quality of work that the company has built its reputation upon. Is Management Willing to Stay? No Are You An Intermediary? No