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£0 £1000000

Busy Precision Engineering Business

Sheffield, South Yorkshire

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Under Offer

£249,995 +SAV

Ref: 3005 F

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established and busy precision engineering business, ideally located within Sheffield, South Yorkshire.

The business was established by our client in 1977 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 5 days per week and generates an outstanding turnover in the region of £537,381 as per 2019 accounts, with a gross profit of approximately 45%.

The precision engineering business provides a high quality sub-contract machining service, supplying top quality products. The business has the flexibility to machine intricate components, either turned or milled. The business also specialise in precision and production engineering as well as prototype work using a CNC turning facility, as well as conventional machines.

The business offers an increasing range of services including CNC turning, CNC milling, conventional turning, conventional milling and drilling/tapping, to name a few. The premises boasts 84 square metres of double height workspace.

The business has built up an enviable reputation within the area 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, perhaps by operating on Saturdays. A new owner could embark on a modest marketing campaign to promote to services offered. There is also scope to establish a website to advertise the business.

This is an excellent opportunity for a new owner to take this thriving business to the next level, it would also be an excellent bolt-on to an existing business wishing to expand; therefore early viewing must come highly recommended to avoid disappointment.

Turnover
An outstanding turnover in the region of £455,000 as per 2020 accounts. Full financials can be made available upon further request. 

The business is owner run and managed with 6 x staff members.

The business is open:

Monday: 8.00am – 5.00pm
Saturday: Sunday: Closed


JK Storey occupies substantial ground floor premises, ideally located on a busy industrial estate within the city of Sheffield, South Yorkshire. The business is surrounded by complimentary businesses and benefits from a good volume of passing trade. The business further benefits from good parking facilities to the front of the premises.

Sheffield is a lively city and Metropolitan Borough in South Yorkshire. Its name derives from the River Sheaf, which runs through the city. Sheffield provides a vibrant lifestyle for those who live and work in the city, with leading theatres, a varied music scene and the beautiful Peak District National Park close at hand.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Meadowhall, which is approximately 2 miles away. The area is also well served by the A-roads, with both the A631 and A6102 being within easy driving distance, which link to the national A-road and motorway networks. Sheffield city centre is approximately 3½ miles away and Rotherham is 4½ miles away.

Substantial ground floor industrial premises in an ideal trading location, briefly comprising:
Large double height workspace of 278 square metres.
Staff WCs and changing area.


Equipment included:

4 x lathes.
CNC lathe.
2 x saws.
2 x grinders.
Milling machine.
Power press.
Colchester mastiff (value £10,000)
Ajax number 4 milling machine
Drilling machine


External with:

Parking for 4 x vehicles.
Communal drive, which is protected by a secure gate.


Tenure
We are advised leasehold:

Original lease length: 10 years.
The current lease has now expired, but the landlord will offer any new owner a new lease.
Rent: £14,324 per annum.


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