Niche Engineering And Tool Making Business For Sale

Business description

The business was established by the present owner in 2002 and specialises in the manufacture of machine tools for the hose manufacturing industry. The business has a long standing regular client list that covers a variety of industries although most are automotive and civil engineering industries they also supply engine component manufacturers serving the automotive and civil engineering industries. Our client gained most of his existing clients when setting up the business and has not since undertaken any marketing or advertising, leaving enormous scope and opportunity for the new owner to exploit. The business has very few competitors and the sale presents a rare opportunity to acquire a well established enterprise with outstanding potential. Viewing strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Our client advises us that the property is held on a 5 year renewable lease from 2008 with reviews every 5 years. Current rent is £5,500pax. Rates £1,640

Leasehold rent:

£5,500 per annum

Location:

The business is located on a small industrial estate in South Wales and serves a client list that is spread throughout the UK although predominantly in South Wales.

Premises details:

The business occupies a modern, well presented light industrial unit of approximately 820sqft set within a secure yard with parking in the front yard for 2-3 vehicles. Internally, the property briefly comprises: Entrance via roller shutter door, main workshop, stores, office and staff WC.

Other information

Expansion potential:

Our client feels that ample scope exists to increase turnover through marketing, research and advertising.

Reasons for selling:

Our client feels that the business is capable of considerable growth and is seeking a purchaser with the resources to take the business forward. A generous hand over period is offered.