Engineering Company For Sale

Business description

Advent Business Sales have been instructed to offer for sale this very well established and profitable concern.

Established in approximately 1979 and in the hands of the current owner for 11 years, it is now reluctantly offered for sale due to the vendor’s retirement plans.

Currently staffed solely by the owner, the business offers a range of engineering services with a large majority of work being machine tool work for a major local engineering company.

The business is extremely well equipped including:
- Vertical slotting machine
- New haul jig borer
- Jones & Shipman 1310 universal grinder
- Jones & Shipman 540 surface grinder
- Victoria vertical milling machine
- Small shaping machine
- Bridgeport milling machine
- Adcock & Shipley milling machine
- Richmond horizontal milling machine
- Dean Smith & Grace centre lathe
- Monarch centre lathe
- Heald internal grinding machine
- Corona 4 spindle drilling machine
- Bandsaw

This unusually high level of equipment offers excellent opportunity to carry out engineering work for a broad range of industries.

Currently all business is 100% repeat and referral and there is no advertising.

ref:8316CV

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 3 years – with local council
Remaining lease: 9 months, renewal available
Review every: 3 years
Rent: £3,445 per annum

We are advised that the annual business rates are currently: £680

Living accommodation:

BUSINESS PREMISES A purpose built ground floor industrial unit with the added security of steel shutter doors and consisting of the following: Ground Floor - Central double glazed entrance door leading to main workshop area in ‘L’ shaped formation with office to rear - Rear exit leading to fire escape out onto large car park External - Parking to front of premises for up to 3 vehicles within court yard location - Shared w/c

Location:

This well established business is ideally located on a light industrial estate in the city of Coventry. The industrial estate is approximately 1½ miles from the M6 and 2 miles from the city centre.

There are excellent parking facilities including parking for up to 3 vehicles to the front of the unit, which is located close to the main ring road of Coventry and the surrounding area is densely populated.

Other information

Expansion potential:

Although already a successful business, there is still excellent potential for growth and expansion including further marketing and advertising with other companies throughout the region to achieve further turnover.

Trading hours:

Mon – Fri: 7.30am – 6.00pm

Related documents:

• 
• Document