Asking price: £225,000

Sales revenue: £156,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent business sales are delighted to offer for sale this well established engine rebuilding company which as been trading successfully for the past 27 years. The current vendor has been in ownership since its inception.

The owner is reluctantly selling due to ill health.

The company is an engineering works set up to re build engines or parts of engines found in motor vehicles. This work could be as simple as a cylinder head skim, to new valve settings, re boreing , regrinding crank shafts, lightening, top end balancing, re-profiling camshafts and much more.

Their main customers are in the classic/veteran car markets where new engines or parts are difficult or impossible to obtain.

Prior to the business owners ill health, they did much work for classic car parts suppliers such as Moss, Rimmers and Flitchetts. This is an area that could be redeveloped.

Recently the company has been buying selective used engines on eBay and reconditioning and rebuilding them and re-selling on eBay at an extremely healthy profit. This part of the business is expanding at a fantastic rate as more and more people use this method of trading.

With the advent of more highly electronically controlled cars on the market, the value and desire to own a ‘classic’ with its simplicity of mechanics is increasing at a tremendous rate and to back up this, ownership of this company such as our clients becomes more and more valuable.

The business comes fully equipped including:
• Head skimmer
• Crank Grinder
• Inline Boarer
• Machine for resetting new valves
• Crank balancer
• Lath
• Valve refacer
• Re boaring machine
• Gas welding
• Hot washer
• Degreaser
• 2 post ramp

REF: 9047NG

Employees: The business is run by the vendor and 1 part timer.

Trading hours: Mon-Thurs: 8.00am – 5.00pm, Fri: 8.00am – 4.30pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 Remaining lease: 3 Rent: £1,080 per month We are advised that the annual business rates are £7,500

Living accomodation
The building is a purpose built single storey unit with large shutter doors central to the building at the front and back. Ground Floor • Doorway to the office • Office • Salea area and counter • To the rear staff W.C • Small spares area • On to Engine reception • Degrease & cleaning area • Striping down & rebuilding area to the rear • Messanine floor for storage.

Location
Our client is conveniently located in north Nottinghamshire.

The business is on an industrial estate in a quite village. The A1 provides access to the rest of the country.

There is also ample car parking by the building for the convenience of their customers.

Financing available
Please let us know if you require finance for the purchase of a business,

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