Hilton Smythe are delighted to welcome to the market C & I Threading.
This company offers service in all aspects of general metal work, cutting and chamfering, drilling, turning, milling, welding, grinding, plating and galvanising. They make specialist and none specialist fasteners, supply all threads from 6-48mm and a cutting and chamfering service, for free issue or supplied thread bar. They supply fasteners which include bolts, nuts, screws and washers.
The business also has an in house machine shop and can work to customer’s specification or drawing and make obsolete machine parts.
The business was established in 1995 by our client, and is now being offered to the market due to a well-deserved retirement. The business has generated an advised turnover of around £125,828 per annum with a high gross profit of 73%.
There is a tremendous amount of scope for further development, as the business is currently run at a pace to suit our client. The business does have a great website http://www.candithreading.com/ which could be developed. There is also room to implement a marketing strategy to develop the customer base.
The business comes with fantastic loyal customers and plenty repeat trade. The rent for the business is low at around £6,000 per annum. This is a perfect opportunity for a new owner looking for a highly profitable business with low overhead costs. Our client is also prepared to stay on at the business during the transition period.
This opportunity should not be missed and we highly recommend an early viewing for such a fantastic business.
C & I Threading is in the busy town of Holbeck within Leeds, South Yorkshire. Ideally located in a prominent trading position on the very busy Climax Works industrial estate.
The property is surrounded by a mix of commercial and residential properties, from which the business derives much of its trade. The business is in a fantastic location benefiting from the high footfall and passing trade of the M621 which is located just behind the property.
The business is set in a large industrial property with a vast range of other companies surrounding the property; such as a computer specialists, car garage and also Symingtons food company and many more. The unit is 2 storey, however the business operates from the ground floor of the property. The property benefits from a small yard which provides parking for staff and customers.
Leeds was originally a prominent town of the production of wool, and has further developed into a cultural and financial area of Yorkshire. Leeds is also the largest legal district in the UK after London.
The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. Also the railway connections are brilliant as Leeds is home to the second biggest railway station.
The business operates from an industrial unit on the outskirts of Leeds. The property is well secured, and comes with a small yard to the front of the property with 2x 20ft containers which could be used as storage.
The main workshop has roller shutters and it fully fitted out and operational. The business comes with valuable machinery which includes-
9x Screwing machine
6x Cut off machinery
1x Centre laith
1x Capstan tool grinding machine
1x Double ended grinder
2x Welding plants
The sale also comes with a 04 plate flatbed truck which is fully serviced and has done around 70,000 miles.
The property also includes a washroom, small office and a toilet for staff.
We are advised that the business is Leasehold
Informal rental agreement, can be discussed.
Business opening times-
The business is run and managed by our client with the help of 1 full time member of staff.
We are advised the turnover for the business is around £125,828 per annum
With a gross profit of 73%
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