Engineering companies for sale in Colchester

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Long Standing Radiator Specialist Business

Colchester, Essex, England

  • Leasehold Price: £59,995
  • Turnover: £506,388
  • Gross Profit: £201,694
Seller Reference: B05415
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B05415
Request Details
Business Description
Business
Please quote reference B05415

Hilton Smythe welcomes to the market Colchester Radiator Specialists. The business was established by our client in 1990 and is now offered for sale due to his wish to retire. 

Colchester Radiator Specialists repair and recondition car, automotive, agricultural, commercial and off highway radiators. They also specialise in the production of car and vehicle number plates.

They cover the majority of Essex and parts of Suffolk, Cambridgeshire, Hertfordshire and Kent with their own vehicles.

The company was originally formed for the repair and recondition of car and commercial radiators, but over the years they have increased the products to include number plate production, air conditioning condensers, compressors, receiver dryers, oil coolers, intercoolers, heater and other related products.

Colchester Radiator Specialists can cater for all vehicle owners in need of radiator repairs as well as being able to provide the following


  • Commercial, plant, agricultural and off highway radiators repairs and reconditioning

  • Heat exchangers (repair and rebuild service available)

  • Truck and car charge air coolers (repair and re-core service available)

  • Commercial and automotive heaters (repair and reconditioning service available)

  • Heater motors and commercial vehicle heating system parts

  • Air-conditioning condensers

  • Oil coolers (repair and re-core service available

  • Heater batteries (full repair and rebuild service available)

  • Bespoke radiators made to individual specification

  • Vintage Car radiator repairs / re-condition to original specification

  • Motorcycle radiators / Oil coolers

  • Fuel Tank clean and repair service

  • Commercial Batteries

  • New Brake Shoes, Exchange Brake Shoes & Re-lining available


The business is being sold with the websites www.colchesterradiatorsspecialists.com and www.colchesterradiatorsspecialist.co.uk and the business has 4.7/5* Google rating.

There is scope for further development of the business by



  • Creating social media pages to promote the business further.



There are many reasons to buy Colchester Radiator Specialists including


  • Long standing reputation

  • Low levels of competition being one of only 40 or so businesses of this kind in the UK


Hilton Smythe highly advise early viewing to avoid disappointment.

 

 

Location
Colchester Radiator Specialists is in Colchester, Essex on a thriving industrial estate within a 175 square meter unit with mezzanine level.

There is allocated parking directly outside the unit for 5 vehicles and distinctive signage outside the unit and at the estate entrance, clearly marking where the business is located.

Colchester is an historic market town and was once the capital of Roman Britain. Colchester has a population of circa 121,859 as of the 2011 census, the population grows during the day as there are many workers that come to the area from further afield.

Colchester has great transport links with many local bus routes, a rail link to London and the main A12 which also leads to London which is approximately 50 miles South West of the town.

Premises
Outside the unit are 5 parking bays

There is a pedestrian entrance to the reception area with desk and access to the main workshop area.

Access to the main workshop is gained via a large shutter door to the front of the building. From here is access to the main workshop, access to the reception, access to the male and female toilets, stairs to the mezzanine level with offices and storage and doors to the staff room and number plate room.

Within the main workshop is a compressor, spray booth, sandblaster, storage racking and hand tools.

The number plate room has 4 number plate machines, press etc.

On the mezzanine level is a large storage area and access to the offices, with one leading off the other, all desks and computer equipment will remain.

The premises have a 4 camera CCTV system, 2 inside and 2 outside.

The business is being sold with 2 x 61 plate Renault Kangoo sign written vans and a Hyster forklift.

Tenure
We are advised the business is being sold as a leasehold business opportunity. The lease is currently a rolling lease with an annual rent of £11,000.

We have been informed the landlord will be happy to enter a new lease, the previous lease of 25 years has been left to expire due to our clients’ intentions to retire.

We understand that our client does not pay business rates.

Hours
Monday - Friday: 9am – 5pm to the public, however the staff hours are 8am – 5.30pm
Saturday & Sunday: Closed


Staff
The business is run and managed by our client, with the help of 4 members of staff.

 

 

 

 

Financial Profile
Colchester Radiator Specialists generated an advised turnover of circa £506,388 as of the 2018 accounts, with a gross profit of £201,715 a net profit of £46,410 and an adjusted net profit of £59,535.

The assets being sold with the business are worth in the region of £8,000. The average stock value is in the region of £5,000.

Please quote reference B05415

Tenure:
Leasehold
Listed by:
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