Design, Manufacture and Sales
Highly Lucrative Hire Service
Extensive Handover Period Offered
EPC - Not Required
This is an excellent opportunity for an existing engineering firm or plant hire company to expand their portfolio into a service which has high demand and is very lucrative. The business is currently located near Leicester in very low cost premises ideally suited to its current purpose. However due to a short release clause it can easily be relocated and with the exception of the owner there is only one employee who is a freelance welder.
Merlin Asphalt Mixers has been successfully trading for 20 years, designing and manufacturing asphalt mixers with a UK wide customer base. The business greatly benefits from having a fleet of its own machines which generates a high income from hire. This is due to two main factors, there are only two other manufactures of asphalt mixers in the UK which creates a high demand for both sales and hire.
The Merlin Asphalt Mixers are one of the best machines on the market, due to an ongoing process of design and development. The mixers are of such good quality and reliability they are the only manufacturer able or willing to offer a 12 month warranty. The industry standard is 3 months.
Merlin currently has a fleet of 15 which it has been trying to increase to 20, this has been hampered by the demands put on it by sales, as quick as they can build them for the fleet they sell as new machines. Each hire mixer generates £1,000 per month in revenue, equivalent to £180,000 per year with the potential to increase to £240,000 when the fleet is increased to 20. If the hire fleet stays at 15 there is potential income of £540,000 over the next three years.
These impressive figures are generated by a business that has been built on its reputation for quality, reliability and service. The business is not currently involved in any marketing activity and doesn't have a website. All areas of potential for new owners to exploit.
The business is located in a light industrial unit of approximately 7,500 sq. ft. in Ellistown near Leicester which is held on a rolling lease agreement with a 3 month release clause and very low overheads. Ellistown is well placed with excellent links to the M1, A511 and A42.
The owner who is also the designer and development engineer is selling the business due to retirement and is disposed to offer an extended handover period of up to 12 months in a consultative role, subject to agreed terms and conditions with new owners.Fixtures:
Fork Lift Truck
1.5 metre Break Press
2.5 metre Break Press
Vertical Milling Machine
Radial Arm Drill
Mon: 08:00 - 17:00
Tue: 08:00 - 17:00
Wed: 08:00 - 17:00
Thu: 08:00 - 17:00
Fri: 08:00 - 17:00
The business accommodation consists of a 7,500 sq ft light industrial unit with a spacious secure yard at its front which accommodates external storage for mixer units for hire, repair or service and car parking spaces.
The main workshop is divided in to two areas. All metal components are produced and the respective machinery are located at the rear of the premises. The front bay is utilised for the manufacture of the Ashpalt Mixers. To the right of the manufacturing bay there is a general administration office, staff kitchen and W/C facilities. There is no domestic accommodation.
Location Details: Coalville
Leasehold Term: Rent: £122 Per Week
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