Versatile Engineering Business For Sale

Business description

HISTORY

• The business was founded by the present vendor over 23 years ago

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to retire

PRODUCTS

• The business carries out various engineering services including:
o Turning, milling, grinding, drilling, CNC machining, fabricating and assembly
• They deal with many types of material including stainless steel, mild steel, brass, bronze, plastics and aluminium

CUSTOMERS

• The business has approximately 20 customers of which circa 8 are considered core clients and they represent approximately 90% of turnover
• Most clients are within approximately 20 miles of the premises

STRENGTHS

• An extremely well established business which has been trading for over 23 years
• Very versatile and experienced work force
• Excellent location close to the major motorway networks
• No over reliance on any single client or market sector
• Varied spread of modern plant and machinery






DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• The business is located in the heart of a large industrial site based in Northamptonshire
• It is ideally situated close to the M1, M6 and A14 trunk roads

Premises details:

• Unit 1 has middle on foot entry door, various machinery arranged around the outside walls to allow for centre storage. Rear stairs to mezzanine floor with works office, stores and further working area. Rear ground floor disabled w/c and fire exit
• Unit 2 is a duplicate of unit 1 except there is no mezzanine unit and there are large storage racks for raw materials
• There is an extensive plant list which includes:
o Capco Buck & Hickman model 2 m/c no: 2057 date pre 1970 grinder
o Testrite grinder Sn: 8060740 model no: 00288 – hand grinder
o Clarke grinder Sn: 124215 – hand grinder
o Press no info
o Packard Bell PC Sn: 94003783427 Windows Key: 6J2BW-M6936-BDYYP-Y6P86-CYVXT Date 29.9.09 office printer
o Brother MFC-5890CN fax / printer A4/A3 date 2010
o HASS 2 VF2 Sn: 20047 date 2000 CNC machine centre
o HASS 1 VF2 Sn: 12498 date 1998 CNC machine centre
o Fast tap FT400 Sn: 99070109 date 2002
o XYZ KRV 3000 Sn: 6818
o date 1995 – CNC turret mills
o XYZ Proturn 410 Sn: 101076 date 6.7.98 CNC turret mills
o Bridge port 1
o Bridge port 2
o Pollard pillar drill model 15AY ref no: 24112A date per 1960
o Startrite chop saw Sn: 128643 date 1995
o Startrite MTC band saw H200W date 1991
o BOC Transmig 350 – welder
o XYZ Proturn 360 Sn: 123412 date 10.2.01 – CNC lathe
o Band Saw ST260 DGH Sn: 253
o XYZ DPM Sn: 1138 date 17.10.95 – CNC 3 Axis turret mill
o XYZ MF169 Sn: KRMF560 Mini mill date 2005 – CNC machining centre
o Numerous hand tools

Business Operation

Expansion potential:

• This is already a profitable business, it does however, still offer excellent potential to increase both sales and profits in the future by:
1. Expand the core customer base
2. Expand sales out of the current circa 20 mile radius
3. Advertise the services the business can offer at present, no advertising is carried out
4. The business should have its own web site, giving details of the services on offer
5. Offer a machinery maintenance service which the business used to offer some years ago

Trading hours:

• The vendor works full time in the business and employs 4 full time staff

Years established:

23