Precision Engineering for sale in Bedford

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Well Established Precision Engineering in Bedford

Bedford, Bedfordshire, England

  • Leasehold Price: £99,950
  • Annual Turnover: £96,000
  • Annual Gross Profit: £55,500
  • Annual Net Profit: £32,000
Seller Reference: 5637
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Business Description
 
 
 
 
 
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Seller Reference: 5637
Request Details
Business Description
Established Since 1989
**Annual Accounts 31 July**
Projected Annual Turnover (2019/20) £93,000
Projected Gross Profit (2019/20) £59,956
Projected Net Profit (2019/20) £32,000
Accounts Available After Viewing
Contacts Within Food Manufacturing Industry
Ill Health/Retirement Sale
Low Rent & No Rates
Open 5 Days A Week
Scope To Increase Hours
Well Linked with A6, A421, A428 & M1
Free Parking Available
EPC - D
REF 5637 – Leasehold Precision Engineering Business

Blacks Brokers are pleased to bring to the market this leasehold precision engineering business located in the popular area of Kempston near Bedford.

INTRODUCTION

C M Engineering has been trading for over 17 years and has been located here on College Street since 2000. During that impressive trading history, the business has firmly established itself within the local community and this business sector having gained a large and loyal customer base. The business produces bespoke parts for the manufacturing industry.

LOCATION

Kempston is a densely-populated, busy town just outside Bedford. The business is located on a small industrial estate, just off College Street. The area is well linked with the A6, A421, A428 and the M1. Northampton and Milton Keynes lie close by.

REASON FOR SALE

C M Engineering is only being offered for sale due to ill health and retirement.

LEASE

The building is available on an IRO (Internal Repairs Only) Lease. The current lease is a one month rolling lease at a cost of £115 per week.

BUILDING LAYOUT AND DESIGN

C M Engineering is housed within a detached, light industrial unit with large concertina metal doors on the right and a single door entrance to the left. Inside, the business is spread over two floors. On the ground floor is a large, well equipped and professional workshop with toilets and a kitchenette. On the first floor are further toilets, two private offices and a large storeroom. The premises provide ample free parking to the front and an old truck trailer top is used to house the compressor.

STAFF

C M Engineering is currently operating with one, self-employed member of staff in addition to our client.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and C M Engineering has traded solidly over its trading history. The business Annual Accounts are reported each year on 31 July. The Projected Annual Turnover (2019/20) £93,000, with a Projected Gross Profit (2019/20) £59,956 and a Projected Net Profit of £32,000 . Many customers are from the surrounding area within the food manufacturing industry, with some additional trade from word of mouth and other recommendations.

SUMMARY

This leasehold business offers a new owner an exciting opportunity to acquire a large customer base, generated over a long trading history, with low overheads and consistent takings. There is plenty of scope to develop C M Engineering further with a strong marketing drive and an online presence. This proposition would ideally suit an existing engineering business looking to instantly grow its customer base and trading area. The business could be relocated to merge with another site, if required. Early viewings are strongly advised and are welcomed by appointment only. Fixtures:
Puma 10 HC CNC Turning Centre

Harrison M390 Lathe

Baielgh Vertical Milling Machines X2

Floor Standing Pedestal Grinders

Belt Linisher

Compressor
Trading hours:
Mon - Thur 8am - 5pm
Friday 8am - 1pm
Closed Weekends
Tenure:
Leasehold
Location Details:
Bedford
Leasehold Term:
£115 Per Week
Listed by:
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