Electrical Engineering for sale in Bristol

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WELL PRESENTED ELECTRICAL ENGINEERING - AVON

Bristol, North Somerset, England

  • Leasehold Price: £70,000
Seller Reference: 4533
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 4533
Request Details
Business Description
WELL PRESENTED ELECTRICAL ENGINEERING - AVON
Situated in the rural village of Nailsea
Regular and repeat trade
Genuine retirement sale
Walk in condition
Easy to run
LEASEHOLD

Business History

Meridian Business Sales are please to offer this easy to run electrical engineering business which was established over 45 years ago by our client. Our client is regrettably offering the business for sale due to a desire to take well deserved retirement. Since the business was established our client has invested time and money into the business and premises meaning that is in walk in condition. They have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new, hands-on owner operator to further develop the business. Our client advises us that they currently generate a respectable annual turnover, with excellent gross profits, which is derived from the sale of motors and pumps together with rewinds and repairs to electric motors, pumps and fans. Currently the business deals primarily with commercial pumps but there is scope to deal with cars, small vehicle and plant equipment which may increase income. The business has a website and may benefit by creating an online shop for parts. The business has a good reputation and as such has a high level of regular and repeat trade together with advanced bookings. Currently the business is owner operated with 1 full time and 1 part time staff and our client is happy to provide training during the transition period. This is a superb opportunity to purchase an established business, in a rural location, and as such early viewing is strongly recommended.

Location

This sought after electrical engineering business has an ideal location in the residential area of Nailsea, which is part of North Somerset. The business is situated on a trading estate with private parking and enjoys free neighbouring communal parking facilities. The business has benefited massively from having a wide selection of neighbouring shops, retailers and banks as they attract a mass of visitors to the centre throughout the year and therefore provide excellent exposure to attract customers. The town centre has good public transport links which are very convenient for customers. There are a notable number of residential properties surrounding the area which offer potential for future growth in membership numbers. Nailsea is a very pleasant town located approximately 7 miles south west of Bristol and approximately 11 miles north east of the seaside resort of Weston Super Mare. The town has always been a very popular area due to its' affordable housing, good schools, NHS services, excellent central shopping facilities and good public transport including the Nailsea and Blackwell railway station. The town is also ideal for commuters as the M5 motorway is located less than 4 miles away making visiting and commuting very easy.

Tenure
We are advised leasehold
Original length: 5 years
Remaining: 1 year
Review: 3 years
Rent: £6,000pa

Accommodation
The distinctive prefabricated commercial unit, of brick and tile lay, is set back with its own driveway and briefly comprises:

GROUND FLOOR PREMISES
Workshop – well equipped for business
Various hand tools, presses, lifts and lathes
Office
Stairs to:

FIRST FLOOR
Storage
Office
WC

EXTERNAL
Private parking for 5 vehicles
Communal car park
Off road parking
Roadside parking
Tenure:
Leasehold
Listed by:
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