Hilton Smythe is delighted to welcome to the market this well-established engineering business in Totnes, Devon.
The business was established by our clients in 1965 and is only now, reluctantly, being offered to the market due to our clients’ desire for a well-deserved retirement. The business is currently not operating to its full potential and generates a turnover in the region of £80,000 per annum, with a good gross profit.
When the business was fully operational our clients offered a wide variety of activities including fabrication and welding, specialising in marine boats, guard rails and hull repairs, to name a few. The property boasts 132 sq. metres of floor space and is fully equipped to suit the trade.
The business built up an excellent reputation within the area for the high quality of the work and services offered, which resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the business could be run to its full potential and increase the turnover significantly. A new owner could embark on a modest marketing campaign to highlight the services offered. The business would also benefit from the launch of a website to advertise the business.
This is an excellent opportunity for a new owner to take this business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Daco Engineering occupies substantial ground floor, lock-up premises, ideally located within a small industrial estate in the town of Totnes, Devon. The business is surrounded by a wealth of complementary businesses and benefits from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Totnes is a market town and civil parish at the head of the estuary of the River Dart in Devon, within the South Devon Area of Outstanding Natural Beauty. The town is a thriving centre for music, art, theatre and natural health. According to the 2011 census, the town had a residential population of 8,076.
The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. Totnes railway station is less than 10 minutes’ walk away. The area is also well served by the A-roads, with the A385 being just a short drive away, which links to the national A-road and motorway networks. Paignton is approximately 6½ miles away and Torquay is 9 miles away.
Substantial ground floor, lock-up premises in an ideal trading location, briefly comprising:
Gated secure yard.
Large shutter door entrance.
Main work shop.
Mezzanine floor, used for storage.
Portable cabin, used as an office.
3 x pillar drills.
Double ended finishing machine.
Vertical and horizontal band saw.
6 ft. guillotine.
8 ft. straight line folder.
6 ft. box fan.
3” tube bending.
We are advised Freehold.
The business is currently not trading to its full potential with no set hours.
The business is owner run and managed.
The business generates a turnover in the region of £80,000 per annum, with a good gross profit.
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