Business Broker.Net | Connecting Business Buyers and Sellers

Business for Sale Overview:

This family business was established in 1976 by the owner and is now regarded as an excellent, bespoke precision engineering company. The business specializes in offering their customers, a full turnkey solution to their problems, by working round the clock to provide a service which is hard to beat. There is no doubt that this company works in the service industry, and that is the top priority for their clients. Located within the industrial heartland of Teeside, the company works with a hardcore of around 20 regular, repeat clients in major industries, including, Nuclear Power, Steel Making, Mining and the MOD. They regularly manufacture bespoke parts such as, shafts, housings, nuts, bolts, lock nuts and other engineering components, no matter what the size or shape. The business employs highly skilled and experienced engineers, who help to make the workshop run smoothly. It is a very busy company with three months work in progress at any one time, but they always seem to be able to accommodate the emergency rush jobs from their key clients. It is extremely profitable with high margins and the company prides itself on its quality so it does not have to compete on price.

Property Features and Assets:

The business is based in the heart of Industrial Teeside, close by to some of its main clients. The workshops total circa 5,400 square feet. The company is in a small industrial park with two adjoining units, which are used as workshops. The office is now housed outside in a Portakabin with ample parking at the front of the building. There is a plot of land, which the company owns at the back of the building, which could be used for expansion of the workshop. The freehold is owned by the owners family and can be either bought for £150,000 or can be rented. Current rental is £16,000 per annum and a period of rent is negotiable.