Traditional Engineers In Oxfordshire For Sale

Business description

TRADITIONAL ENGINEERS - OXFORDSHIRE
Early interest and viewing is highly recommended
Business to include all machines and tooling
Advised annual turnover of £40,000
Industrial estate location in Thame
Low annual rent of £1,752
Well established concern
Genuine retirement sale
LEASEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this well established engineering concern. The business has been established since circa 1954 and has been in the careful hands of our client for 30 years. This superb concern is only being offered to the market due to our client's desire for retirement. Our client informs us that the annual turnover for the business is £40,000.The turnover is derived from 50% general machining of turned parts and the other 50% from fabrication work. Our client uses a variety of metals and can do one off jobs or batch work of up to 200 components. The vendor runs the business single handed and does not really push the business as he has been slowing things down for the last few years. Included in the sale is all the machinery, tooling and even the current stock. We believe that there is further scope to increase turnover. Early viewing is highly recommended as this business cannot be missed.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 12 years
Remaining: 10 years
Review: Every 3 years
Rent: £1,752

Location:

This well established engineering concern is located on a small industrial estate set back off the A329 in Thame. Thame (pronounced "Tame", with a silent "h") is a town and civil parish in Oxfordshire about 7 miles (11 km) Southwest of Aylesbury. It derives its toponym from the River Thame which flows past the north side of the town Thame was founded in the Anglo-Saxon era and and lay within the territory of the kingdom of Wessex.

Premises details:

Single storey terraced industrial unit situated on a small industrial estate in a superb and easily accessible area of Thame.

GROUND FLOOR
Door leading to open plan machine shop comprising of 2 lathes, 1 bar capston, 2 millers, driller, tapper, welder, tooling and many other pieces of hand tools. It benefits from storage racking and an office area.

There is also a mezzanine floor above the workshop which is used for additional storage. The frontage has a roller-shutter opening for dispatch/deliveries.

There is a separate toilet block within the estate which is shared with the other businesses.

EXTERNAL
Parking for 2 vehicles
Separate car park at the entry of the estate

Other information

Trading hours:

Monday: 8:00am - 4:00pm
Tuesday: 8:00am - 4:00pm
Wednesday: Closed
Thursday: 8:00am - 4:00pm
Friday: 8:00am - 4:00pm
Saturday: Closed
Sunday: Closed