Business description

Advent Business Sales are pleased to offer to the market this niche engineering business with excellent future potential.

Established in 1972 and owned by the current vendors since 1989, this business is only now being reluctantly offered for sale as they wish to retire.

The business offers a large and varied engineering works including turning, grinding, boring, drilling, metal and plastic spraying, milling, shot blasting and hard face welding.

Industries covered include:
• Quarry
• Steel
• Coal
• Power generating
• Building and brewery

With customers spread nationwide and without any over reliance on any particular market segment.

The business has 8 full time staff including the 2 vendors and 1 part time. They currently achieve excellent annual sales of circa £520,000 with a gross profit of £160,228 with low overheads; a very good net profit is achieved consistently.

The business is very well equipped for purpose and includes:
• Vertical borer
• Horizontal borer
• Radial drill
• 5 lathes
• Crankshaft grinder
• Surface grinder
• 2 milling machines
• 1 bandsaw
• 3 welding mig sets
• 1 welding tig set
• Metal spraying equipment including a lathe and extractor
• 2 compressors with dryer and air cylinder
• Welding rectiaer
• 4’ square oven
• 2 forklift trucks, 1 x 2t and 1 x 3t
• Surface table with measuring/inspection equipment
The business has an excellent reputation with a high customer repeat trade and most new work coming via personal recommendation and word of mouth.

We are advised that stock and WIP at cost is circa £22,000.
The business is offered at leasehold for £275,000.
REF: 9321DE

Property information

Property:

Freehold

Location:

The business is very well located on a small commercial estate situated off a busy arterial road of a market town in Staffordshire.

Nearby towns include Derby, Stoke on Trent, Tamworth and Burton on Trent. The A444, A50 and A38 are all major trunk road in the area which feed directly to the M1 and M42 motorways.

The business has its own 16 space car park.

Premises details:

Large premises of circa 7,750 sq feet in total of which 1,500 sq feet are rent out for £6,600 per annum.

Offices and stores to the front of the building, arranged over 2 floors and taking up approximately 2,500 sq feet and with its own w/c.

Works split into 5 bays each of approx 750 sq feet, separate w/cs and canteen/washroom area.

Own separate car park with 16 spaces.

Other information

Expansion potential:

Our clients clearly have a very successful business, it does however, still offer excellent scope to increase both sales and profits by:
1. Approaching other similar industries such as marine, oil and the railways
2. Offering general fabrication facilities
3. Offering to do powder coating

Trading hours:

Mon-Thurs: 8.00am – 5.00pm
Fri: 8.00am – 1.00pm

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