Hilton Smythe is delighted to welcome to the market this engineering company. The business was originally established in 1973 by our client. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.
The business runs as a general bespoke engineering and machine work company with some fabrication work. Primarily milling and turning work, producing machine parts to client’s drawings and specification. The business does receive some regular sub contract work.
We are advised the business generates a healthy turnover year on year. The current turnover is an advised £348,000 per annum with a gross profit of 70%. This is a healthy income that could be boosted with additional advertising. The new owner could also look to develop a website, this would boost online presents.
The business has been run from this location for over 30 years. This company has an enviable reputation for its great quality products and services.
The business is set in a great location on a large site which is approximately 1 acre. This space could be utilised more in order to increase revenue. The freehold for the site is owned by our client, so negotiations for development are possible. The current workshop is well-equipped, all equipment is included in the sale.
This is a fantastic opportunity for an experienced buyer. Hilton Smythe highly advise early viewing for this profitable engineering company.
This engineering company is located in Norfolk.
This location is very busy due to the main roads around.
The business is situated on a large 1 acre site just off an arterial road in the area. There are bus stops close by and a train station.
The business boasts a substantial ground floor detached premise. The property is located on a large site just off a busy main road. There is a sign on the front, this is visible to passing trade.
On entrance is the reception area with service window. The premise comes complete with two workshops, two office spaces and more. One of the offices has access to the first workshop.
Workshop 1: large fully equipped workshop (main machinery area)
Workshop 2: divided into several areas: Lathes Area, Fabrication area and Steel Stores
There are several passages that link all of these rooms and also provides access to the welding bay, additional office space and ladies and gents toilets.
A full equipment list is available upon request.
To the front of the property is ample amounts of parking which is to the front and side of the building. The site is approximately 1 acre.
The premise is secured by an alarm system linked to a phone and a CCTV system with one camera.
We are advised the business is Leasehold.
New lease available.
The business is open-
Monday - Friday: 7am – 5pm
The business is run and managed by our client with the help of 3 full time members of staff.
The business generates a turnover in the region of £348,000 per annum.
With a gross profit of around 70%
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