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Hilton Smythe are pleased to have been given the opportunity to manage the sale of S&R Cutting Formes which is a well-established Cutting Formes and laser cutting service with a renowned reputation nationally. This is a superb opportunity to take on a high turnover local business in an area teeming with customers which still offers further scope for expansion.
S&R Cutting Formes was founded in 1990 by the two current owners and the business has been a real labour of love for them. The business is now being sold albeit reluctantly and with heavy hearts only due to our clients wish to take a well-earned retirement. They are keen to see their beloved business pass to an ambitious and entrepreneurial new owner (s) who can take it to the next level.
S&R Cutting Formes are well established in the print, box and packaging industry and have developed their own expertise. The business prides itself on its ability to provide fully ruled and rubbered Cutting Formes and they can respond quickly to their customers’ requirements.
Other services include Die Boards and Laser Cutting.
The sale will include the company website and the business enjoys good visibility on the internet. Also included in the sale price is a database of current and previous customers.
Scope to Improve;
Advertising and marketing campaign.
Maximise the use of social media particularly Twitter and Facebook.
Update the existing website, perhaps adding a gallery.
Increase the external signage to drive customers to the business.
Employ a Sales Manager to canvass for additional orders.
Attend the necessary trade shows.
Reasons to Buy;
A well-established business with an enviable reputation and many existing customers.
Low running costs with inexpensive rent and no business rates.
Little or no competition locally.
A Ford Custom van may be available by separate negotiation.
Current owners happy to offer a handover to ensure the continued success.
Ideal ‘Bolt On’ to an existing company.
Perfect owner managed or partnership business.
Hilton Smythe highly advise early viewing to avoid disappointment.
S&R Cutting Formes is in Redditch.
Redditch is a town, and local government district in north-east Worcestershire approximately 15 miles south of Birmingham. The district has a population of 110,000 as of 2019.
Redditch is just south of the West Midlands urban area. It is 15 miles north of Evesham on the A435, which skirts it to the east. The main access routes are the A441 via junction 2 of the M42 motorway, the A435 from junction 3 of the M42 and the A448 via junctions 4 or 5 of the M5. The Roman road known as Ickniekd Street is prominent, running north to south through the eastern side of the town.
S&R Cutting Formes is ideally located in a purpose-built industrial estate and sits alongside other complimentary businesses. The business is nicely presented and maintained with clear visible signage and free car parking to the front of the business.
S&R Cutting Formes occupies a purpose built inner terraced industrial unit and briefly comprises:
Generous workshop (---.---.-.) with roller door to front, high ceilings, fluorescent lighting and including, Atlas Kopko Compressors x 2, 5 Work benches with steel tops, Notting’s Jigsaw, Clicker Press, selection of hand tools, fork lift truck, 2 pallet trucks, stacker truck, 3 x manual binders, Lipper Cutter, Bridger Cutter, 2 x Pneumatic combi lipper Bridger cutter, Penta 2.2kw Laser Cutter, Turbo Easy Bender, S3 Turbo Easy Bender.
First Floor Mezzanine
With three offices, to include 3 computers with bespoke software, 3 printers, 3 desks, Cad table, various office chairs, conference table, 2 x filing cabinets and cupboards, 2 x filing units
The premises are circa 246sqm.
We are advised that S& R Cutting Formes is being sold as a leasehold business opportunity.
The existing lease has approximately 4 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £11,500 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
Monday to Thursday 06.30 – 18.00
Friday 06.30 – 16.30
The business is run and managed by our two clients with the help of 3 full time members of staff.
S&R Cutting Formes generates an advised current turnover of circa £370,000 per annum as of the 2019 accounts with a gross profit of approximately 88% (£346,042).
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