Engineering companies for sale in Daventry

View the "Unique Steam Engine Manufacturer and retailer Northamptonshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £1,200,000 Annual Turnover: £700,000 Annual Gross Profit: £248,055 Annual Net Profit: £63,499
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Business Description
Location
Em-Pwr Ltd Business Brokers is pleased to place onto the market this unique business opportunity. It is cited in a large warehouse within an industrial estate in Daventry in Northamptonshire where all the production and dispatching takes place. Daventry itself is well placed logistically.

Business Details
This business is the only one of its kind in the world! It was started by the 2 current directors in 2008. They are looking for strong investment to take the business to a more global audience and to generally grow the Company.

The company’s main activity is to manufacture and retail large scale road going steam engine kits for home assembly. All of the customers are enthusiasts. The average time to complete a kit is 500 hours and the average kit involves a total investment of £16,000 and the products vary in price from £8,000 -£28,000. The company owns a large quantity of copyright designs and because of this it is unlikely to ever have any competition.

The business employs 8 staff including one office person and one-part time packer. Most of the workforce are very experienced and have been part of the company for a long time. The skills are however transferable and new staff can be fully trained. One of the director is responsible for the designs and instructions as well as customer support. He will stay on with the new Owners as well as the other director who is the MD. Both of them are looking for a 3 year exit strategy.

In terms of marketing the main source of new business are shows of which 6 are attended every year. 80% of business is either repeat or recommendation and although the client base is worldwide, 90% are UK based at present. There is a huge untapped market in the USA and Australia and New Zealand. There is a website www.steamtractionworld.co.uk which also has a video of the activities of the company. There are also countless leaflets and other marketing material that has been produced. There are around 2000 Facebook members and the client base is around 1,000 or so strong. They also have their own forum which has 619 registered users, 20,000 messages and 100,000 posts..

Trading Hours
Monday – Friday: 8 am – 4.30 pm

Financial Details
The turnover for 2014 was just over 700,000 with a gross profit of £248,055 and an operating profit of £63,499 The assets are valued at £150,000 with the stock estimated at £500,000.

Property Details
The premises which are owned by the directors consist of a 10,500 sq. ft. warehouse with a large workshop downstairs and offices on the first floor.

Tenure
There is a lease available for 15 years with a 5 year break clause. The rent will be around £36,000 pa. The rates are £12,000 pa.

Ref: 13249
Price: £1,200,000 including all assets and stock.

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by EM-PWR LTD. The information contained herein has not been verified by EM-PWR LTD; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of EM-PWR LTD regarding this business are subject to verification and should be independently corroborated.
Number of Employees: 8

Tenure: Leasehold

Competition: None

Support & Training: Directors are looking for a 3 year exit strategy

Location Details:

Location
Em-Pwr Ltd Business Brokers is pleased to place onto the market this unique business opportunity. It is cited in a large warehouse within an industrial estate in Daventry in Northamptonshire where all the production and dispatching takes place. Daventry itself is well placed logistically.

Leasehold Term:

There is a lease available for 15 years with a 5 year break clause. The rent will be around £36,000 pa. The rates are £12,000 pa.

Website:

Listed by: Em Pwr UK
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13249
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