Precision Engineering for sale in Coventry

View the "CNC Specialist Engineering Company Coventry" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

I can honestly say I was overwhelmed by the amount of interest and enquires.

Jo White (April 2016)
View More
Leasehold Price: £75,000 Turnover: £45,000
Request Details
Business Description
BUSINESS
U C Engineering was founded by the current owner 12 years ago and is now only being sold due to ill health and the desire to take a well-deserved retirement.

U C Engineering is a CNC specialist company and has accumulated experience in every aspect of CNC production work, they work on aluminium, steel, bronze, titanium, copper, stainless steel and cast iron. They provide parts for many industries and different uses including racing car parts, hydraulic components, special fasteners, turning tool products and many bespoke and prototype solutions.

The business has enjoyed high turnover and employed many people in the past; turnover has dropped in recent years as our client plans his retirement future.

The sale includes a website, the business enjoys a visible presence online.

Scope to Improve

Update the existing website
Maximise the use of social media
Advertising and marketing campaign
Canvass businesses for work perhaps by employing a sales manager
Employ addition engineers
Offer a collection and delivery service
Improve the signage from the main road to direct potential customers to the business.

LOCATION
Coventry is the second largest city in the West Midlands region, after Birmingham, with a population of 345,385 as of 2015.

Coventry is 19 miles southeast of Birmingham, 24 miles southwest of Leicester, 11 miles north of Warwick and 95 miles northwest of central London.

Coventry is near the M6, M69, M45 and M40 motorways.

Coventry railway station has rail services between London and Birmingham (and stations beyond).

The business is situated in a brick built, single storey industrial unit in a small development with two allocated parking spaces immediately outside.

PREMISES
The business is ideally situated in a purpose built, single storey industrial unit.

Office

Door to front (protected by a roller shutter externally) and doors into workshop, walk-in store cupboard, fluorescent lighting, window to side, desk and filing cabinet and perimeter shelving, shadow graph machine, three specialist measuring gauges, cabinet full of specialist tooling, Medio desktop computer loaded with CNC software.

Workshop

A generous workshop with concrete flooring, suspended ceiling, high level windows to front, gas heating, kitchen area with stainless steel sink and drainer with double cupboard beneath and space for kettle, microwave and fridge.

The following machinery is included in the sale: -

Yamasaki Slant Turn 30 Universal 1500

CNC Turning machine with 12” chuck and 80mm Bar hole.

Takisawa CNC Centre Lathe with 8” chuck

Nakamura TMC 4X Tome

CNC with twin turret, 10” chuck and 60mm Bar hole

Okuma LC20 CNC with twin turret, 10” chuck and 40mm Bar hole

Upright drill stand for drilling and tapping

Horizontal milling machine (Manual)

Anilam Series 1100

CNC vertical milling machine

Mori Seiki SL6 CNC with 15” chuck

Hydrovane industrial compressor

Additionally, there is a long run of Dexion type shelving full of specialist tooling, grinding wheels and spare parts etc.

TENURE
We are advised this is a leasehold sale.

The lease is currently a rolling one, we are advised that the landlord would be happy to negotiate a mutually acceptable lease with the new owner.

The rent is currently £4,200 per annum.

There are no business rates payable at this time August 2017.

HOURS
Monday to Friday 8am – 5pm

Weekends as and when required.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business enjoys a turnover of roughly £45,000 per annum.

EXTRA NOTES
Reasons to Buy

Well established business with an enviable reputation and many existing customers.
A real opportunity to increase turnover significantly, the current vendor by his own admission has been running at a pace to suit.
Current owner happy to offer a 3-month handover to ensure the continued success of the business.
Current owner would be happy to continue working for a new owner if required.
Minimal running costs with low rent and no business rates.
Includes two allocated parking spaces, a real benefit in this part of Coventry where public car parking can be prohibitively expensive.

All machinery fastidiously maintained and in full working order making this a Turnkey business. 
Tenure: Leasehold

Listed by: Hilton Smythe
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

13997 G
Seller Reference:
Bookmark and Share
You May Also Like...
loading...