Property Information
Address:
Gloucestershire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489144
Property Ref/Agent: 2570-c-precision-engineering-business-in-gloucestershire-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well-established and busy precision engineering business in Gloucestershire.
The business was established by our clients' in 1984 and is only now being offered to the market due to our client's ill health. The business operates 4 days per week and generates a turnover in the region of 122,000 per annum, with a gross profit of approximately 50%.
Our clients are bespoke manufacturers of press tools and also offer an expert repair service, as well as being able to repair and restore tools from other manufacturers. The fully qualified team of staff provide a full manufacturing and repair service on all types of mould tools, providing tools for a specific application.
Our clients combine design work done on advanced CAD software combined with their own skill to create bespoke and prototype engineering solutions, ideal for a range of industry sectors. There are also an extensive assortment of jigs, fixtures and fittings offered.
The business has built up an enviable reputation within the industry for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours and embarking on a small marketing campaign to highlight the business and services offered. We are advised that our client is happy to offer a handover period to any purchaser.
This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 10 years
Review every: 3 years
Rent: 10,848 plus VAT per annumHOURSThe business operates:
Monday - Thursday: 7.00am - 4.00pm
Friday: 7.00am - 12.00pm
Saturday - Sunday: ClosedSTAFFThe business is owner run and managed with 3 x staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 122,000 per annum, with a gross profit of approximately 50%.
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