For Sale
Highly renowned Powder Coating business for sale
Oldham, Lancashire
- Asking Price: £139,995 +SAV
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Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £145,000, with an adjusted net profit in the region of £52,000. Full financials can be made available upon further request.
Please quote reference B06759
- Tenure: Leasehold
Please quote reference B06759
Hilton Smythe is delighted to present to the market Spraybake JRC, a highly renowned company specialising in high quality powder coating.
Spraybake JRC was originally established in 1996 followed by a full transfer to our client's family in 1999.
The ‘turn-key’ business opportunity is now being made available for sale due to ill health however a full handover will be offered. There is a very loyal and skilled team in place who will be included in the sale, their experience and customer knowledge is key to the success of the level of repeat work/recommendations.
Spraybake JRC offers expert powder coating services to both domestic and commercial customers with a same day turnaround for some essential work when required.
The list of different customers include -
- Local councils & authorities
- NHS
- Sporting venues (e.g. Manchester United, Manchester Cricket Club)
- Local airports
- Train & bus companies
- Small & large commercial work
- Restaurants & cafes
- Domestic work
Our clients insist in quality both in the level of customer service they offer to the paints they use.
The powder coat uses paints from leading manufacturers like Interpon and Valspar.
They can offer 4 choices of paint finish -
- Gloss
- Matt
- Satin
- Textured
Why choose Spraybake ? -
- Over 30 years’ experience
- Fast turnaround
- Competitive pricing
- Personalised service
- No job to small
- Specialists in multi-coloured powder coatings
- Over 400 colours available
- New 4m new oven installed
- Top quality powder coating
- Premium express turn around available
- Trained team in place
Key selling points include -
- Excellent customer testimonials
- 4.8/5 Google review score
- Opportunity to expand/ increase trading hours
- Large, double height unit
- Full business handover
- Loyal database of around 30 customers
- Business website
- Facebook page - 114 followers
- Twitter, LinkedIn page
- Low rental terms
- Close proximity to both the M60 & M62 motorways
We believe any new owner will have the instant opportunity to significantly increase the current turnover/profit levels by simply increasing the awareness of this well respected business.
Hilton Smythe strongly advises any potential buyer to make early enquiries to avoid any disappointment.
We are advised that the business has 2 full-time members of staff.
We are advised that the business hours are -
Monday – 7:30am – 4:30pm
Tuesday – 7:30am – 4:30pm
Wednesday – 7:30am – 4:30pm
Thursday – 7:30am – 4:30pm
Friday – 7:30am – 3:30pm
Saturday - Closed
Sunday - Closed
Spraybake JRC occupies a sought after trading position on the Boarshurst Business Park in Greenfield, Oldham.
The business is surrounded by a good mix of light industrial businesses as well as a large area of residential homes, a large Tesco superstore, local primary school and sporting facilities.
Greenfield is a popular area located just on the outskirts of Oldham town centre with close proximity to the busy M60 motorway.
The business currently services clients in the Manchester, Stockport and Ashton-under-Lyne areas.
There is free customer parking directly outside the unit.
Nearest mainline station is Greenfield (located just a few minutes’ walk from the unit).
Tenure
We are advised that the business is being sold on a Leasehold basis, with 3 years remaining on the 5 year lease. The rent is £800 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
