Hilton Smythe welcomes to the market N E Metalworks Ltd.
N E Metalworks Ltd was founded by the current owners in 1982 and has been a real labour of love. The business is now being sold albeit very reluctantly, so the owners can enjoy a well-earned retirement.
The business has many years experience in structural metal fabrication and they pride themselves on being able to manufacture any product in metal as well as building long lasting relationships with their customers. With their precision TIG and MIG they are able to make some of the most delicate and complicated metal fabricated products. A few examples of the company’s previous commercial fabrication products include;
Making injection moulding machines
Rally car parts- undertrays, wishbones and peddles etc
Eco fuel racing cars
No damage logistical containers
Some of the most interesting metal works have been done for domestic customers who simply want a metal fabricated product to make their lives easier. Previous domestic metal work projects include;
Metal artist sculptures
Metal kitchen fascia and handles
Metal garden features and furniture
Disabled golf buggies
Custom car parts.
The business enjoys good visibility on the internet.
Scope to improve:
A website is needed (currently under development) to extol the services offered and should perhaps include an online gallery.
Advertising and marketing campaign, most of the work currently comes through word of mouth, referrals and existing customers.
Maximise the use of social media particularly Facebook and Twitter.
Attend trade shows.
Reasons to buy:
A well-established business with an enviable reputation.
A real opportunity to increase turnover and profits significantly, current owners have been running at a pace to suit.
The current owners would be happy to continue working at the business.
Current owners happy to offer a handover to ensure the continued success.
Considerable assets include making this a real Turnkey business.
Generous and well-equipped premises with lots of free parking.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
N E Metalworks Ltd is located in Launton, Bicester, Oxfordshire.
N E Metalworks Ltd is situated on a small but vibrant industrial park alongside other complimentary businesses and is well signed from the main road and benefits from ample free parking immediately outside the premises.
Launton is a village and civil parish on the eastern outskirts of Bicester, Oxfordshire. Bicester has two railway stations and a bus service that runs hourly, Monday to Saturday into Launton. The nearest motorway is the M40 which has two junctions serving Bicester.Premises
N E Metalworks Ltd occupies a generous semi-detached, purpose built industrial unit with door and windows to front, roller door to side and with concrete flooring and fluorescent lighting. The premises have high ceilings which increase the feeling of space and allow the inclusion of a first floor mezzanine which incorporates a generous owners office and generous storage space. The premises are heated by a gas fired, forced air system.
There are further offices on the ground floor and the whole unit has been cleverly designed to maximise the available space. Considerable assets and machinery are included in the sale such as;
Horizontal band saw
Vertical band saw
Various trolley lifts
Bench with two grinders and a belt sander
Horizontal grinding machine
Horizontal surface grinder
Large surface table
Colchester Triumph 200 Lathe
Two milking machines
Drill bench with 3 pillar drills
Pierce-All hole punch machine
Compressors including a brand new Hydrovane
Circular cut off saw
Corner cropper machine
2.5m x 4mm guillotine
3 x TIG welding sets and benches
4 x MIG welding sets
Sand blasting machine
6ft and 4ft rollers
Two fly presses
RSA deburring machine
Mobile spot welding machine
3 phase spot welder
Plus, many other tools etc.Tenure
We are advised N E Metalworks Ltd is being sold as a Leasehold business opportunity.
The current lease is arranged on a monthly rolling basis and the rent is £15,600 per annum.
We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The business rates are approximately £1,000 per annum.Hours
Monday to Friday: 8.30am - 5.30pmStaff
The business is run and managed by our clients with the help of 1 full time self-employed member of staff.
The business has employed as many as 13 staff previously but is now being run at a pace to suit.Financial Profile
N E Metalworks Ltd generated an advised turnover of circa £143,000 as of the 2016 accounts with a gross profit of roughly 77%.