Business description

Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established and profitable engineering workshop.

Established by the vendor over 25 years ago, the business is only now being reluctantly offered for sale as he wished to retire.

Currently staffed solely by the vendor, with the assistance of a part time employee as and when required, the business offers a range of engineering services to local companies within an approximate 20 mile radius of his premises.

The business is extremely well equipped and includes:
Turning
• Herbert 2D Capstan Lathe
• Ward 2D Capstan Lathe
• Colchester 600 Centre Caba Lara Lathe
• EMI MEC auto sprint automatic
• EMI-MEC Accuratool automatic
Milling
• Ajax Universal Vertical Miller
• Milwarkee Vertical Miller
• Cunliffe Horizontal miller
Grinding
• Jones & Shipman Surface grinder
Drilling
• Predestal Drill
Misc
• MEC Brown 75 saw
• Qalcast cutting saw
• Eco air compressor with expansion tank.
All machines come with a full complement of measuring equipment and tools.

This high level of equipment offers excellent opportunity to carry out engineering work for a broad range of industries.

Currently all business is 100% repeat and referrals with no advertising done at present.

We are advised that stocks at cost are approximately £500.
REF: 9284LE

Property information

Property:

Leasehold

Lease terms:

TENURE: Rental
Original lease: 4 weeks notice required
Rent: £3,600

We are advised that the annual business rates are currently: £600

Location:

This extremely well established business is ideally located on a light industrial estate in the heart of a major university town in Leicester.

The estate is only approximately 3 miles from the M1 motorway with the towns of Coalville, Castle Donnington, Loughborough and Leicester nearby.

There is ample free parking in front of the premises and all around the estate.

Premises details:

A ground floor lock up premise with centre entry door

Ground Floor
• Entrance to workshop area of approx 957 sq Ft with concrete floor and 2 ceiling fans
• Small side office

External
• Parking in front for up to 4 cars.

Other information

Expansion potential:

Although already a successful business there is still excellent potential for growth by:-
1. Advertising, marketing and having its own website.
2. Approaching other similar busineses as his customers to offer his services.
3. Increase the customer catchment area.
4. Increase the hourly charge out rate which has not been increased for some years.

Trading hours:

Mon-Fri: 8.00am – 5.00am

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