Freehold Engineering Business For Sale

Business description

Bag a Business is delighted to offer for sale this extremely profitable precision engineering business, situated in an ideal trading position close to Sheffield city centre. The business was established by our client in 1981 and is only now being placed on the market due to his wish to retire. However, our client's son, who plays an integral part in the day-to-day running of the business, would be prepared to continue his employment. The business has a healthy turnover of £369,176 per annum with a gross profit of 87%, which is derived from the design, advice, machining and production of precision engineering components. LOL Engineering has been run very much at a pace to suit our client's lifestyle, with business being generated through his contacts in the industry throughout Sheffield, as opposed to a salesperson being employed to generate new leads and orders. The business has demonstrated a profitable return since its inception and we feel that this would offer a new owner an excellent base from which to further develop turnove, perhaps through the development
of a website, employment of a salesperson and by generating business outside Sheffield. This is very much a turnkey operation that is to be sold fully equipped and ready to return a profit for a new owner. Early discussions with Bag a Business must come highly recommended.

Property information

Property:

Freehold

Living accommodation:

ACCOMMODATION DETAILS Two storey building of brick construction, briefly comprising; GROUND FLOOR Roller bay doors Workshop containing a wide assortment of equipment for tooling Staff kitchen Office W/Cs Reception area FIRST FLOOR 3 offices

Location:

LOL Engineering is ideally situated on Trent Street in Sheffield, just to the east of the city centre. The business is setback from the main road and has a wide frontage and large roller bay doors allowing easy access for deliveries and collections. The business particularly benefits from being within easy access of the M1 motorway and is located amongst a high density of commercial companies, that are either existing or potential clients. Sheffield has a strong and enviable reputation as a manufacturing location with its history for metallurgy and steel-making, whilst significant investment in the local area has seen the emergence of many new industrial parks throughout this part of Yorkshire.