Hilton Smythe welcomes to the market Soda Blast East. The business provides a specialist soda blasting service and was originally founded by our client in 2009 and is genuinely offered for sale due to our client’s other business commitments.
The business currently trades 5 days a week with approximately 80% of revenue generated from the automotive restoration industry, with work being carried out either on site or mobile covering around a 75 mile radius across East Anglia. Additional areas of work include kitchen doors, paint and oil/grease removal.
Our client spent in the region of around £40,000 on establishing the business and all equipment and a 2001 registered Ford transit van is included in the sale. The business has a fantastic reputation with a lot of repeat business and word of mouth referrals, however, we feel there is potential for further development as the business has been run at a pace to suit our client there is the scope to increase trading hours to include weekends.
Furthermore, with an injection of marketing and advertising especially in car/motorbike magazines, we feel this would also pay dividends. Although the business already has two websites in situ.
This is a rare opportunity to purchase this type of business as we have been advised there are only 12 similar type of businesses that currently operate in the UK.
The business is located in Rushden, one of the largest towns in the country. The town lies on the A6 mid-way between Bedford and Kettering in Northamptonshire.
Situated on Norris Way Industrial Estate, the area is easily accessible via the busy A45 providing an easy commute to Raunds, Wellingborough, Irchester and Northampton. The nearest railway station is at Wellingborough around 5 miles away.
PREMISES AND EQUIPMENT
This end of terrace industrial unit briefly comprises:-
Roller shutter access with additional separate access to the reception area, through to the kitchenette and toilet facilities to the rear of the premises.
Open plan workshop with work bay and shelving to the side to suit trade.
Full inventory of equipment including 2 dust extractors, cram, blast pot and air fed helmet.
2001 registered Ford transit mobile unit with built in compressor and generator, blast pot and dryer unit.
We are advised Leasehold.
The original lease length is 3 years with 1.5 years available. Rent is £5000 per year.
The business opens:-
Monday to Friday 8.30am – 5.00pm
As previously mentioned there is the potential to increase trading hours to include weekend trade.
The business is owner run and managed.
The business reports an annual turnover of £21,300 and reported gross profit at 50%.
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