Hilton Smythe welcomes to the market, GTL Transmissions Ltd.
GTL Transmissions Ltd was founded by the current owner in 2011 and the business has grown quickly under his ownership with a widespread reputation and impressive repeat and referral client base and the turnover is increasing at an impressive rate.
The business is now being sold, albeit reluctantly and with a heavy heart only due to our clients wish to take a well-earned retirement.
The business specialises in all forms of precision engineering, bearings and transmissions, general engineering and fabrications.
The sale will include a database of existing customers and the business is currently receiving orders from approximately 30 regular customers.
The owner wishes to see his well-loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
The business enjoys good visibility on the internet via websites such as www.192.com, www.yell.com, and www.thomsonlocal.com.
Scope to Improve
1. Advertising and marketing campaign
2. Website to extol the services offered ideally with a gallery of previous jobs
3. Maximise the use of social media particularly Facebook and Twitter
4. Employ a Sales Manager to canvass for additional business
5. Extend the opening hours.
Reasons to Buy
1. A well-established business with an enviable reputation and many existing customers
2. Sale will include a database of previous customers
3. The current owner is happy to offer a handover to ensure the continued success of the business
4. Low running costs with inexpensive rent and no business rates
5. Current owner would be happy to stay on and work for a new owner perhaps for three days a week.
6. Ideal bolt on for an existing business.
Hilton Smythe highly advise early viewing to avoid disappointment.
This great little business is likely to attract considerable interest.Location
GTL Transmissions Ltd, is located in Stoke On Trent in Staffordshire.
Stoke On Trent (often abbreviated to Stoke) is a city and unitary authority area in Staffordshire with an area of 36 square miles. In 2016 the city had a population of 261,302.
Stoke On Trent is the home of the pottery industry in England and is commonly known as the Potteries, with the local residents known as Potters. Formerly a primarily industrial conurbation, it is now a centre for service industries and distribution centres. About 9000 firms are based in the city and in 2004 KPMG declared Stoke to be the most cost-effective place to set up a new UK business.
The city currently has the advantage of offering affordable business properties, while being surrounded by a belt of affluent areas such as the Peak District National Park, Stone, South Cheshire and having excellent road links via the A500 and nearby M6 and rail links.
Stoke On Trent is linked to the nearby M6 motorway at junctions 15 and 16 by the A500. The A50 provides and east-west link between the M6 and M1 motorway. Stoke On Trent railway station is a mainline station on the Stafford-Manchester line (part of the West Coast Main Line between Manchester and London).
GTL is prominently situated in an unusually busy and vibrant industrial estate alongside other complimentary businesses and next door to a retail tile shop which means the business benefits from high footfall and passing trade.
The business premises are nicely presented with clear visible signage and plenty of free parking immediately outside.Premises
GTL Transmissions Ltd occupies an inner terraced brick built industrial unit and briefly comprises;
Generous workshop with high ceilings with roof lights and illuminated by LED lighting, roller door to front.
There is a good-sized storeroom to the rear of the building with perimeter shelving and floor storage space.
The sale includes a considerable amount of assets including but not limited to;
• Industrial table top saw
• 4 MIG welders
• Steel work benches with vice and 2 pillar drills
• Clarkes parts washer
• A frame gantry (3tonne)
• Bearing press
• Parson Large bed miller
• Further Miller
• Colchester long bed Lathe with 4 chucks
• Further Colchester Lathe
• Surface grinder
• John Wilkinson slotted
• Elliot slotted
• Band saw
• Donkey saw
• Large quantity of power tools
• On site welding equipment
• Stick welders
• Several sign written vehicles.
First Floor Mezzanine
To the first floor and accessed by a steel staircase from the workshop is a good-sized mezzanine housing office and a staff canteen.Tenure
We are advised that the business is being sold as a Leasehold business opportunity.
The current Lease is arranged on a monthly rolling basis and the rent is £9000 per annum which is very reasonable given the size and location of the premises.
We are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner.
We are advised that the business benefits from being exempt from business rates.Hours
Monday to Friday 7am to 4pmStaff
The business is run and managed by our client with the help of 8 self-employed members of staff.Financial Profile
GTL Transmissions Ltd generated an advised turnover of circa £552,000 as of the 2017 accounts with a gross profit of approximately 22%.
The turnover continues to grow at an impressive pace.