Hilton Smythe is delighted to introduce to the market Quality Engineering Wirral Ltd. This precsion engineering company manufactures rollers for parcel conveyor systems. The business can also produce any other precision components within reason.
The business was originally established in 1983 by our client, and has been a great success generating a great turnover. We are advised the turnover is around £528,000 per annum with a gross profit of 60%.
We believe the business could boost its turnover by expanding the range of products manufactured. This is possible, for example in the past they have produced plungers for cafetieres, parts for submarine suits and also ladder rungs.
Our client has enjoyed running this profitable business, but now feels it is time for retirement. We have been advised that the business has an excellent reputation for its precision and quality of products made. Over the 30 years the business has gained a generous amount of repeat trade from loyal clients. We feel custom would increase if the new owner was to look into setting up a website, this would simply attract more customers.
Overall this business is perfect for a bolt-on or a start up engineering company. With existing custom and the fantastic location, this is an opportunity not to be missed.
Hilton Smythe highly advise early viewing to avoid disappointment.
Quality Engineering Wirral Ltd is located on a small industrial estate in Birkenhead, Merseyside.
Corporation Road is the main cut through that leads through to Liverpool city centre. There is a high amount of footfall due to this fantastic road link. Liverpool is approximately 4.4 miles away, making this a brilliant place to live and work. The M53 motorway and the Mersey Tunnel are around 1 mile from the property. This area is also very close to Birkenhead town centre.
The area is well served by the public transport system with many bus routes in this particular area. Just a short walk from the business is Birkenhead Park train station, and two more within the vicinity.
The premises is an industrial unit approximately 3,500 sq ft with high ceilings. This is a fantastic sized building which is well suited to its trade.
There is a doorway which leads through to the reception area.
The main workshop is large and has a mezzanine floor which is used as the office space. On the ground floor is a unisex toilet located next to the entrance, a kitchen and eating area for staff and the main workshop area.
Equipment included in the sale is as follows-
XYZ turn CNC programmable lathe (Worth £50,000)
XYZ SMX 300 bed mill (Worth £33,000)
4 x Manual lathes
2 x Plug board autos
1 x Vertical miller
1 x Horizontal Miller
1x XYZ CNC Milling Machine
There is parking on the forecourt for 3 vehicles.
The property is well secured with CCTV and a monitored burglar alarm.
We are advised the business is leasehold
Original lease length 5 years
Remaining lease length 5 years
Rent £683,33 per month
The business opens:-
Monday-Thursday: 8am – 4:30pm
Friday: 8am – 3pm
The business is run and managed by the owner with the assistance of 4 members of staff.
The business reports a turnover of £528,000 per annum
With a gross profit of 60%
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