Hilton Smythe is delighted to bring to the market this Engineering Business.
The business was originally established in 1986 by our client, and has been a great success generating a healthy turnover. We are advised the turnover is around £235,700 per annum with a gross profit of 58% but now our client has reluctantly decided to sell due to a well-earned retirement.
The business is a specialist manufacturing and precision engineering concern producing valves for the oil and gas industry and pipe fittings for the chemical industry plus precision parts for other industries.
We do feel as though the turnover could be improved slightly by extending the opening hours and possibly get some advertising as our client is currently running by word of mouth, recommendations and reputation so possibly a social media page or website.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
This Engineering Business is located in Warrington, the affluent county of Cheshire.
The business is situated on a busy industrial estate, surrounded by thriving business with many residential homes in the vicinity. The business is easily accessible, located approximately 1 mile away from Warrington town centre and 2 miles away from the M6, M62 and M52 motorways.
The nearest bus route is a 2 minute walk away from the business and there is also a railway station that is a 5 minute drive away.
The business premise is a 2,500 square foot unit with an office and toilet to the side of the property and there is also rom to expand by putting in a mezzanine floor in. There is also space on the shop floor to place more machines. The unit is fitted with manual roller shutters. The property currently hasn’t got a fitted burglar alarm or CCTV and this could be useful for the new owner to install.
Equipment included the sale:
4x CNC Lathes
1 Machine Centre
Radial Alarm Drill
2x Milling Machines
Fork Lift Truck
05 Citreon Relay Flat Transit Van
Hand Tools and Tooling
We are advised that the business is Leasehold.
The original lease length is 3 years and as of 2016 the current years remaining on the lease are 3 years.
Rent £660 monthly
The business is open from:
Monday – Thursday: 7:00am – 4:00pm
Friday: 7:00am – 12:00pm
Saturday – Closed
Sunday – Closed
The business is currently run 3 full time and 2 part time staff.
The business reports an annual turnover of £235,700 and has a gross profit of 58%.
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