Business Hilton Smythe welcomes to the market W.B. Precision Engineering. Originally founded by our client over 24 years ago, the business has an enviable reputation within this professional industry. The business comes to the market as a genuine reason for sale.
The business is a general/precision Engineering concern, making bespoke components for specialist purpose made machinery and general engineering and miscellaneous repairs. Our client works to drawings to customers specific requirements, and is very well known and respected in the area seeing a lot of repeat business and word of mouth recommendations. Currently no marketing or advertising is undertaken, an avenue a new owner may wish to pursue to attract new custom.
The business operates from a fully fitted workshop, with a good level of equipment to suit the trade. The business reports turnover at circa £130,000 for this financial year with a gross profit in the region of 35%. Any purchaser will have full access to the comprehensive and client’s database.
We believe this would be an ideal acquisition as a bolt on service for any professional individual or company already working in this niche sector. The business already has an exceptional reputation with customers due to the reliability and the punctuality of the deliveries and services provided.
Location W.B. Precision Engineering occupies a fully fitted unit within a large industrial area just outside Nottingham City Centre.
The business is easily accessible from several A roads and the M1 motorway just a short drive away providing excellent transportation links to the rest of the UK.
Premises Corner industrial unit briefly comprising:-
Ground floor workshop with mezzanine first floor area for offices and storage.
Roller shutter entrance with separate entrance door (with security grill) to passageway
Door with buzzer entry system into main workshop.
Main Workshop with :
Fork Lift, Compressor, 5 x Milling Machines, 2 x Lathes, 4 x Pillar Drill, 1 large Power Feed Drill, Welding Plant, Power Saw, Hydraulic Press, work benches, vice’s, vast array of tooling aids and multitude of accessories and clamping equipment.
Stairs from workshop lead to 1st floor mezzanine
3 x offices ( one of which leads to storage area)
Additional working area with:
Surface grinder, Pan folder, foot operated Guillotine.
Outside parking with 5 allocated spaces.
Tenure We are advised leasehold
Rolling lease arrangement with rent at £7,200 per annum and service charge at £700 per annum.
Hours The business opens:-
Monday to Thursday 7.30am – 4.00pm
Friday 7.30am – 12 noon
Saturday and Sunday closed.
Staff The business is owner run and managed with help from experienced apprentice trained engineering staff.
Financial Profile The business reports turnover at circa £130,000 for this financial year with a gross profit in the region of 35%.