Hilton Smythe welcomes to the market the long-established K & L Fabrications.
This profitable and well-established metal and steel fabrication business was established by our client 32 years ago and has been at the present site for 20 years. Our client is now selling to retire.
The business specialises in the manufacture (on and off site) of staircases, fire escapes, factory gates and railings and their installation. The business has an excellent reputation with many loyal and repeat customers built up over the years.
The business has good quality tools and equipment, which are included in the sale.
Although, already successful and profitable the business can grow further with longer hours, drive, enthusiasm, advertising, marketing and more staff.
The property benefits from low rent and overheads. The asking price has been reduced to affect an early sale.
K & L Fabrications would suit an existing business looking for a bolt-on to back into and expand.Location
This well established family run metal and steel fabrication business is located in a large industrial unit in a former mill off Kirkstall Road in Leeds.
The unit is approximately a mile to the south of Leeds city centre, and within a mile of the M621.
Kirkstall Road is a busy dual carriageway serving commercial business and leisure areas on either side.
The unit has adequate vehicle parking within the gated complex.Premises
K & L Fabrications runs from a self-contained lock up unit in Aire Place Mills, Leeds.
The entrance to the complex is through security gates (locked and closed overnight), the unit is to the left.
There is a large outside working area with hoists (ideal for lifting onto flat back wagons).
Shutter doors lead to a large unit with a large quantity of fabrication tools and equipment inside.
There is a purpose built office block to the left.
At the back of the unit is a toilet with facilities and store room.
There is a large car park serving both the unit and business complex.
The sale includes 5 pick-ups and delivery vehicles with signage. The vehicles are valued at around £30,000.
The tools, equipment and other assets of the business including drills, benches, hoists, welding equipment and office equipment are valued at £10,000.Tenure
We are advised that the premises are of leasehold tenure under a monthly tenancy.
The rent is £850 monthly, including rates.
We understand the Landlord would be prepared to negotiate a formal Lease.Hours
Monday to Thursday: 8am - 4.30pm
Friday: 8am - 3.30pm
Saturday and Sunday: ClosedStaff
The business is run by the owner with the help of family and 5 employees.Financial Profile
We are advised that turnover to the year end of January 2018 is expected to be £240,000, with a gross profit of 25%.
Stock is approximately valued at £2,000.