Business
Please quote reference B07579

CoGoGo are delighted to welcome to the market O D Engineering Ltd, a highly rated engineering business in Loughborough, Leicestershire.

O D Engineering Ltd was first established by our client in 1985, building up an excellent reputation and very loyal customer relationships. 

The business has now come to the open market due to other business interests. 

O D Engineering Ltd specialises in manufacturing components for motorsport Industry and general sub-contract engineering work. They use the best milling, turning and CNC machines in the industry to produce high-quality products for customers. They also commit themselves to produce quality bespoke parts and components.

They specialise in bespoke components and have experience with the following marks:

• Lotus
• Ford
• Vauxhall
• Rover
• Subaru
• Mitsubishi

O D Engineering Ltd also works with companies in the food production sector, electrical, motorsport & aerospace.

Key selling points –

• Very loyal customer base
• Regular work comes from 10 customers – many of which have been customers for over 20 years
• Agreed handover period will be offered
• Low rental unit available
• Over £100,000 in included assets
• Highly Profitable business – gross profit has consistently been 80%
• Lots of opportunity for further growth

Scope for further growth –

• Currently no advertising or marketing carried out
• New website/social media and SEO spend would help promote the company
• Adding a business development to chase potential new leads and working more closely with current clients would increase current orders

Location
O D Engineering Ltd is located in a small industrial unit in the village of Quorn, in Loughborough, Leicestershire.

The businesses customers are predominantly located in the East Midlands.

Premises

• Large open plan workshop
• Office
• Storeroom
• Toilet facilities

Tenure
We are advised that the business is being sold on a Leasehold basis, with our client happy to offer a new lease to the buyer. The rent is £9,600 per annum (£800 per month). 

Hours
The current trading hours are –

Monday to Friday – 8:00am – 5:00pm

Saturday & Sunday – Closed

Staff
We are advised that the business is currently run to suit with no employees.

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financials can be made available upon request.