Plastic Coatings Industry With Blue Chip Contracts
- Asking Price: £195,000 +SAV
- Turnover: We are advised the business is currently generating a turnover in the region of £552,000 producing an attractive reconstructed nett profit. The rates are currently £25,000 per annum. All equipment is available by separate negotiation.
- Tenure: Leasehold
Hilton Smythe welcomes to the market PCL Coatings Ltd. The business has been operated by the current owners for over 26 years and is well respected and established within the plastic coatings industry with an enviable reputation for quality and service. This retirement sale offers a very rare and exciting opportunity for either a new operator or an existing business of a similar genre, to obtain a business with strong Blue-Chip historical clients within the Motor Industry, a busy order book and a motivated and skilled workforce located within a bespoke 13,078 sqft unit. The directors have included into the terms of the sale formal introductions to their Blue-Chip client base as well as working for an agreed transitional period with the new owner to secure a smooth transfer of ownership. The principle activities of the business are with two major motor manufactures; however, the plastic coating process which includes the coating of Polypropylene plastics has a much wider reach. The business would also be very attractive for a plastics manufacturer looking to move the coatings process in house with the benefit of reducing production costs and expanding their customer database to include highly desirable accounts. This is a very rare and exciting opportunity, Hilton Smythe highly advise early viewing.
The business is run and managed by the current vendors with the help of 16 full time members of staff.
The business is currently operating on a 30 hour week.
PCL Coatings Limited is situated on the Enderby Road Industrial Estate in Leicester. The site is easily accessible from the M1 J21 which links up with both the M69 and M6 as well as being just off the outer ring road to the City. This affords the site excellent accessibility for HGV and commercial vehicles as well as being on a main bus route, with off road parking for staff to the front.
Situated within two interlinked commercial units covering over 13,078sqft. Secure roller shutter doors to each unit, ample parking spaces, main reception, offices and board room to the first floor. Equipment is being made available by separate negotiation.10 x Spray Bays 3 x OvensRacking and storage facilitiesWork benchesPolishing stations
We are advised the business is being sold as a Leasehold opportunity. The current rent passing at £57,500 per annum. The business is operating with four years remaining on the lease, as of 2017.