£0 £1000000
£0 £1000000

Precision Engineers, Merseyside

Merseyside

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Sold

£1,092,132

Ref: Z-1372-C D

Freehold

Overview

Hilton Smythe are proud to introduce to the Market this well established and reputable Engineering Company.

This very successful Company provides precision engineering in the designing and manufacturing of tooling for a variety of industries. The business was originally founded by our client in 1985 growing from a one man business to the thriving concern it is today now employing some 31 employees.

The business has established a fantastic reputation offering a flexible service from the bespoke design to the manufacture of press tools, P.I.M. tools, Jigs and fixtures and special purpose machinery. The business has expanded based upon return trade and satisfied customers.

The business operates from a large 20,000sq ft premises providing ample space to build special purpose machinery and run production lines. The machinery, valued at around £250,000 is included in the sale. This is a fantastic opportunity to continue this very efficient, highly profitable concern in this niche industry which is genuinely offered for sale as our client looks towards retirement.

Turnover
The business reports a substantial turnover of approximately £1.6 million. Reported gross profit is approximately 66% taking into account wages and salaries as a direct expense. Reported net adjusted profit is around £460,000 per annum.

The business is owner run and managed with the assistance of a 31-strong workforce of experienced and skilled staff. Further details available upon request.

The business is located in Merseyside, Northwest England.

The premises comprise of brick built offices, design suites, administration departments and a 20,000sq ft factory.

Tenure
Advised Freehold leashold option available. There is an informal tenant in part of the factory who pays a rental of £8350 per annum for the use of 5000sq ft.

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