Sold
Metal Fence and Gate Manufacturer, Willing to Negotiate on Price
Lincoln, Lincolnshire
- Asking Price: £90,000 +SAV
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Turnover:
For the first 8 months of the financial year business has already genereated the turnover of 2018/2019.
The business generates a projected turnover in the region of £160,000 per annum.
Gross profit 65%
- Tenure: Freehold
FREEHOLD OPTION ALSO AVAILABLE £149,950 +SAV
CoGoGo welcomes to the market Lincoln Metalcraft. The business was originally established in 1976 and was taken over by our client in 1986. This is a well-established business that receives a generous amount of repeat loyal trade, from very happy customers. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.
The business specialises in the design and manufacturing of gates, railings, staircases, security bars and grills and automated gates. Our client offers home visits for free quotes, designing and fitting of their products. They offer their services to the private and public sector, such as local councils and homeowners.
Lincoln Metalcraft is currently generating a projected turnover of around £160,000 per annum with a gross profit of 65%. This is a healthy turnover that could be increased with the help of a new owner. The purchaser could look to boost turnover by advertising more. The business has a website www.lincolnmetalcraft.co.uk this promotes the business well. However, social media sites such as Facebook, are a cost effective way of marketing a business.
The business has a substantial client base and benefits from regular referrals and word of mouth trade. Our client currently has regular commercial and domestic contracts, information will be included in the sale.
The business has several domain names online; are also looking to improve their website.
This metal works company would make an ideal bolt-on business. All equipment is included in the sale, this includes a van and a forklift truck. CoGoGo highly advise early viewing to take in full potential of this freehold business and premise.
The business is run and managed by our clients, with the help of three full time and one part time members of staff.
Monday - Friday: 7:30am – 5:30pm
Lincoln Metalcraft is located in Branston, Lincoln, Lincolnshire.
The business is situated down a private access driveway, just off an arterial road. There are several businesses dotted around in this area and behind the premise is a new housing estate. This is a residential location, from which the business receives much of its private trade. The business is a short drive from the centre of Branston, which is a bustling town centre.
The business is located just off the B1188. This road runs from the centre of Lincoln and heads down to Ruskington. There are several bus stops that line this road, which have regular daily bus routes. The closest train station is in Lincoln, which is just a short 10 minute drive away.
The business boasts a large brick built single storey building. The site comes with a large yard space, this is back to back with a nice newly built housing estate. At the front of the property there are two large double doors which allow for vehicle access into the main workshop. To the left side of the property is a roller shutter door, leading to the business next door.
On entrance is the large workshop space, this is fully equipped with all fabrications equipment. There is a work bench, storage racks, a forklift truck and a van also included in the sale. We are advised that the equipment is estimated at a value of around £20,000. A full equipment list is available on request.
Further through the premise is an office space which is also fully equipped. There is a store room with racking and a WC for staff.
At the front of the property is a large yard which has parking for three vehicles. The property is secured with a fence and is gated.
There is a sign at the end of the private drive, visible to passing trade.
Tenure
We are advised the business is being sold as a leasehold option
A new 10 year lease is to be negotiated.
Rent £9,500 per annum
A Freehold option is also available at £149,950 + SAV
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