Engineering companies for sale in Sheffield

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Ian McGregor (Nov 2013)
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Leasehold Price: £275,000 Price Reduced Turnover: £480,095 Gross Profit: £191,143
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy precision engineering business, ideally located within Sheffield, South Yorkshire.

The business was established by our client in 1977 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 5 days per week and generates an outstanding turnover in the region of £480,000 as per 2016 accounts, with a gross profit of approximately 40%.

The precision engineering business provides a high quality sub-contract machining service, supplying top quality products. The business has the flexibility to machine intricate components, either turned or milled. The business also specialise in precision and production engineering as well as prototype work using a CNC turning facility, as well as conventional machines.

The business offers an increasing range of services including CNC turning, CNC milling, conventional turning, conventional milling and drilling/tapping, to name a few. The premises boasts 84 square metres of double height workspace.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by operating on Saturdays. A new owner could embark on a modest marketing campaign to promote to services offered. There is also scope to establish a website to advertise the business.

This is an excellent opportunity for a new owner to take this thriving business to the next level, it would also be an excellent bolt-on to an existing business wishing to expand; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
JK Storey occupies substantial ground floor premises, ideally located on a busy industrial estate within the city of Sheffield, South Yorkshire. The business is surrounded by complimentary businesses and benefits from a good volume of passing trade. The business further benefits from good parking facilities to the front of the premises.

Sheffield is a lively city and Metropolitan Borough in South Yorkshire. Its name derives from the River Sheaf, which runs through the city. Sheffield provides a vibrant lifestyle for those who live and work in the city, with leading theatres, a varied music scene and the beautiful Peak District National Park close at hand.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Meadowhall, which is approximately 2 miles away. The area is also well served by the A-roads, with both the A631 and A6102 being within easy driving distance, which link to the national A-road and motorway networks. Sheffield city centre is approximately 3½ miles away and Rotherham is 4½ miles away.

PREMISES
Substantial ground floor industrial premises in an ideal trading location, briefly comprising:

Large double height workspace of 84 square metres.

Staff WCs and changing area.

Equipment included:

4 x lathes.

CNC lathe.

2 x saws.

2 x grinders.

Milling machine.

Power press.

External with:

Parking for 4 x vehicles.

Communal drive, which is protected by a secure gate.

TENURE
We are advised leasehold:

Original lease length: 10 years.

The current lease has now expired, but the landlord will offer any new owner a new lease.

Rent: £14,324 per annum.

HOURS
The business is open:

Monday: 8.00am – 5.00pm

Saturday: Sunday: Closed

STAFF
The business is owner run and managed with 6 x staff members.

FINANCIAL PROFILE
An outstanding turnover in the region of £480,000 as per 2016 accounts, with a gross profit of approximately 40%.


Tenure: Leasehold

Listed by: Hilton Smythe
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