Engineering companies for sale in Worcester

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S Martin (Feb 2013)
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Leasehold Price: £199,950 Price Reduced Turnover: £356,759 Gross Profit: £171,750
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Business Description
BUSINESS
Hilton Smythe are delighted to introduce to the market Marine Performance.  This multi-facet business offers marine engineering and repairs as well as a popular retail chandlers.

The business was originally founded by our client in 1995 and according to accounts ending May 2015 reports a very generous turnover of £356,759.  Only now does the business genuinely coming to the market as our client wishes to relocate.

Services include:-

Retail chandlers shop
Servicing and repair of outboard motors and inbound motors
Lifting of boats from river
Boat Valeting
Wash downs
Polishing
Gelcoat repairs
Boat repairs and servicing
Marine engineers

The business is very well established with an enviable reputation, and benefits from a monopoly trading position with very little competition locally.  We are advised the marina is to be redeveloped in the future with a brand new basin and shops and houses which will increase footfall and passing trade considerably, although the current marina is full to capacity with waiting lists for berths/moorings.

In addition, included in the sale are three hard standings for winter use and a boat mooring.  There is the potential of the hard standings during the winter months to generate additional revenue.

Our client has secured lucrative dealerships which would be passed to the new owner and he would be happy to offer a handover period to ensure the continued success of the business.

LOCATION
The business is situated at Upton Marina on the outskirts of the pretty Worcestershire town of Upton upon Severn and borders open countryside but with the towns of Malvern, Worcester, Pershore and Tewkesbury all within a ten minute drive.

Upton Marina is a beautiful site with a busy restaurant and is popular with tourists, local residents and is well used by the boating fraternity.  The business is well signed and maintained.

The business is readily accessible from the A4104 and A38 connecting to the M5 and national motorway network beyond.

PREMISES
The business comprises of a detached retail shop with office cum store room and further workshop, a 40ft container, a secure compound and a boat mooring.

Chandlers shop

A detached brick built shop with new flood defences to front.  A generous and well stocked shop, windows to front and rear creating a light and airy interior, tiled floor, perimeter shelving and central shelving gondolas, freestanding glass display units and counter with till and wrapping area.

Office/stockroom

Generously proportioned room currently used as an office with desks, storage and filing cabinets, sink with storage beneath.  Dexion type shelving for parts storage.

Workshop

Double doors lead to a good sized workshop with a comprehensive array of specialist tools ie engine hoists and lifting equipment with double doors to side.

Small yard

Including a 40ft steel storage container with double doors and power and light, numerous heavy duty work benches, presses and upright drill stand, perimeter shelving and outboard motor storage.

Secure compound

There is a large compound secured by double gates and currently used for boat and vehicle storage.

All equipment listed is included in the sale.  In addition there are three sign written vans:-

Mazda panel van, a VW Caddy van and a VW Transporter.

There is also a 5 ton crane used for engine removal and moving boats around the yard.

The business benefits from use of a 18 ton Boat lifting crane which belongs to Tingdene Marina who charge the business for each use.  This is a lucrative income stream and well used

Sale will include all tooling and diagnostic equipment.

TENURE
We are advised leasehold

Attractive rolling lease at £13,850 per annum only increasing each year in line with inflation.

HOURS
The business opens:-

Monday 8.00am -4.30pm

Tuesday closed

Wednesday 8.00am – 4.30pm

Thursday 8.00am – 4.30pm

Friday 8.00am – 4.30pm

Saturday 10.00am – 4.30pm

Sunday 10.00am 0 4.00pm

Bank holidays 10am – 4.00pm

Closed two weeks at Christmas.

STAFF
The business is owner run and managed with the assistance of 4 full time and 3 part time members of staff.

FINANCIAL PROFILE
According to accounts ending May 2015 reports a very generous turnover of £356,759.  



Tenure: Leasehold

Listed by: Hilton Smythe
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