BusinessHilton Smythe welcomes to the market a custom vehicle design and automotive engineering solutions & manufacturing company established for 25 years with over 300 years combined experience.Due to retirement this very rare and exciting opportunity has now become available and would be a very attractive acquisition for either an established business already active within the automotive sector looking to expand and branch into additional markets or for an organisation looking to gain a foothold in this custom market and obtain a long-establishes business that has invested in new machinery and technology and established itself within the field of custom vehicle seating.The business has expanded its engineering base to offer design, testing, engineering and powder coating services and could therefore easily cross pollinate into other markets with huge growth potential for business both in the United Kingdom & Globally.The principle activities of the company are:Custom Vehicle ConversionVehicle SeatingSeat Covers & Floor Mats Design, Engineering & TestingTube Bending, Fabrication & WeldingPaint & Powder Coating Location
Currently located within Northamptonshire, the business is currently relocating to new premises in the same area which should be completed in 4-6 months.PremisesThis is a business only sale and is relocatable, however the owners are currently securing new premises which could be made available on favourable lease terms to the new owner.A full inventory list of equipment is being prepared and will be sent to us from the accountant with a cost analysis attached – This would be made available to serious parties.Tenure
Monday to Friday 8.30am to 5.30pmStaff
The business is run and managed by the current vendors with the assistance of 20 x Full time & 2 x Part time staff.Financial Profile
We are advised the business is currently turning over in the region of £1.5M on an upwards trajectory with a very attractive reconstructed profit.
Is this business relocatable: