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Long Established Engineering And Fabrication Business For Sale

Coalville, Leicestershire
Asking Price:
£64,995
Sales Revenue:
£142,200
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market Instaweld Engineering.

The business has been operated by the current owner for over 35 years and is well established within the local and surrounding business communities offering an excellent service with an unrivalled reputation, Due to retirement this rare and exciting opportunity has become available.

The business provides specialist engineering solutions including fabrication, plasma cutting and TIG welding and has built up long established working relationships with local businesses including C J Upton Steel, Infatech (Ashby) ESE Boden, KM Beesley Construction & Anderson Commercials.

The current vendor is happy to work with the new owner for a transitional period to make the necessary introductions to see over the smooth continuation of theses business relationships and to fulfil on-going work orders.

The business would be an excellent opportunity for an established engineering company looking to break into these very lucrative markets, especially C J Upton Steel which is going from strength to strength on an upwards trajectory.

The business generates a substantial nett profit and would see the new owner see a rapid return on their initial investment.

The business is being sold with all the kit and tools necessary for it to function in its current format and would certainly be an attractive purchase for a company or individuals looking to break into this sector or increase their market share.

Location
Situated in the centre of the Beveridge Lane industrial estate in Ellistown Leicester.

The site is easily accessible by all modes of transport off Beveridge Lane and is just a short drive from the M1 Junction 22 as well as being close to Coalville & Ashby with excellent road network links into Leicester City and beyond.

Premises
Secure unit within Anderson Commercials Yard. Workshop equipment to include:
• 1 x Mobile welder generator

• 3 x MIG Welders

• 1 x TIG Welder

• 1 x 3mm Plasma Cutter

• 1 x 300-amp stick welder

• 2 x Pillar Drills 20mm capacity

• 1 x Radial Arm Drill 35mm capacity

• 1 x Lathe

• 1 x Bench Grinder 150mm

• 1 x 300mm pedestal grinder

• 3 x Band Saws

• 2 x Heavy duty work benches 3 metres x 2 metres

• 1 x Cast Iron precision workbench 1.5 metres

• 1 x Heavy Anvil

• 1 x 240v electronic portable stick welder

• 1 x Bench Drill 10mm capacity

• 2 x Workbenches with vices

• 2 x Hand Drills 13mm Capacity numerous drill bits taper & straight

• 1 x 2 Tonne Fork Truck

• 1 x Air Compressor

• 1 x 220mm Angle Grinder

• 3 x 110mm Angle Grinder Numerous hand tools

• Numerous fabricating clamps and magnets

• 1 x Magnetic drill 24mm capacity

• Numerous special welding rods.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £7,179 per quarter with a new Lease being made available to the new incoming operator.

Hours
The opening hours are currently

9.00 am to 5.00 pm Monday to Friday and

9.00am to 12.00pm on Saturday

Staff
The business is run and managed by the current vendors with 1 x full time staff member

Financial Profile
We are advised the business is currently generating a turnover in the region of £142,280,000 with a GP in the region of £117,323 producing a very attractive reconstructed nett profit.

There rates are no business rates payable.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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