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Well-Established Metal Pressing Business For Sale

West Midlands, West Midlands
Asking Price:
£275,000
Sales Revenue:
£467,282
Cash Flow:
Available on request

Business
Hilton Smythe would like to welcome to the market this engineering company in the West Midlands. The business was established in 1967 and has been in our client`s ownership since 1977. Only now is the business offered to the market due to our client`s wish to retire. The business is open 5 days per week and has a turnover in the region of £467,000 with a gross profit of 22% as per 2015 accounts. The business offers a wide range of services including precision turned parts and metal pressings, therefore benefiting from a lot of repeat business and word of mouth referrals.

We feel turnover could be increased by extending the opening hours and perhaps opening on Saturdays. There is also scope to introduce a website to promote the business and the services offered. This is an ideal stand alone business or a bolt on. We feel this is an excellent opportunity for a new owner to acquire an already busy engineering company with huge scope for future growth; therefore early viewing must come highly recommended.

Location
This engineering business is in the West Midlands.

Premises
15,000 sq ft industrial unit based over two floors briefly comprising:
Ground floor with presswork area, shelving and racking to suit trade, tool store and ladies and gents WCs.

First floor with offices, tool area, dispatch area, assembly area, work stations and filing office.

External with parking to perimeter areas.

Tenure
We are advised Leasehold:
Rolling lease.
Rent: £15,000 per annum

Hours
The business is open:
Monday – Thursday: 7.00am – 5.30pm
Friday: 8.00am – 2.00pm
Saturday – Sunday: Closed

Staff
The business employs 16 members of staff

Financial Profile
The business has a turnover in the region of £467,000 with a gross profit of 22% as per 2015 accounts.

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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