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Industrial Trading Position
Accounts Available Year End 30th June 2019
Annual Turnover £360,990
Gross Profit £116,389
Accounts Available After Viewing
ISO Accredited Company
Member Of SSA
Potential To Open Weekends
REF 7128 – Leasehold Manufacturer Of Marine Equipment
Blacks Brokers are pleased to bring to the market this leasehold manufacturer of marine equipment located in Eastrington, East Riding Of Yorkshire.
Bloctube Marine Services Ltd was established over 100 years ago and our client took ownership in 2000. The business specialises in marine equipment, items include engine controls (both electro and pneumatic), emergency telegraph systems, rudder angle indicators, engine propshaft RPM systems, remote controlled twin-beam searchlights and pneumatic logic cabinets. The business has become very well known in this sector with a strong base of regular international customers in place. Our client has ensured the business has an excellent reputation. Bloctube Marine Services Ltd has a comprehensive website in place.
Bloctube Marine Services Ltd occupies an industrial trading position mid way between Hull and Leeds with excellent links to the M62.
Reason for sale
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling annual lease which began in July 2015 at a cost of £323 per week.
Building layout and design
Bloctube Marine Services Ltd operates from a large industrial unit which is split into a workshop area and separate office area. All areas are well equipped.
The business operates with three members of staff in employment and contractors. The vendor is hands on within the business and is involved in quotes, organising sales, marketing and accounts. There are contractors used for welding, electronics and in the workshop.
Bloctube Marine Services Ltd has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th June 2019 show that the business has an annual turnover of £360,990 with a gross profit of £116,389. Full financial information is available upon request.
The business currently pays rates within the rent. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This long established business occupies a convenient trading position in a busy area of Yorkshire. Our client has secured a strong customer base and exceptional reputation for supplying world wide. There is plenty of scope to develop the business further with a new owner who is enthusiastic and willing to put the hours in. The current owner would consider a handover period if required. Early viewings are strongly advised.
MON - THU: 08:00 - 16:00
FRI: 08:00 - 15:00
SAT & SUN: CLOSED
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