Relocatable Engineering Business Opportunity
- Asking Price: £29,999 +SAV
Cartwheel Engineering generated an advised turnover of £88,645 as of the 2017 accounts, with a gross profit of £53,494 and net profit of £35, 274. The adjusted net profit is circa £45,000; the business therefore represents a sound investment opportunity.
The adjusted net profit is calculated assuming no premises costs etc. to be carried forward as this is a business only transaction, which may be integrated into an existing set up.
Please quote reference 14799
- Tenure: Business Only
Please quote reference 14799
Hilton Smythe welcomes to the market Cartwheel Engineering which is now offered to the open market as our client looks forward to a well-earned retirement, having set the company up in 1985.
The business is sold with all machinery, tooling and customer book.
The business supplies general engineering services to its customers, including mould making, turning and milling.
There is further scope to increase the engineering offering in the future to promote increased turnover and profitability. The business would fit well into an existing engineering concern as a bolt on acquisition or suit a first time business purchaser looking to enter their own business.
As our client is winding down to retirement and has therefore not canvassed for new business in a number of years. The business does not have a website or social media page, therefore, there is much room for development of the current business by an enthusiastic buyer.
Owner run and operated.
The opportunity has arisen to purchase the assets and business of Cartwheel Engineering, a well-established and highly regarded business that is currently based in Hitchin, Hertfordshire.
This is a business only sale as the premises are currently shared with another engineering company; the business is therefore relocatable or may be retained in its current location subject to agreement with the other tenant.
This is a business only sale as the premises is currently shared with another re-engineering company and our client is looking forward to a well earned retirement, having set the company up in 1985.
However, the other company could be open to discussion on sharing the premises.
The equipment being sold with the business:
1 x Pedestal drill
1 x Smart & Brown lathe
1 x Sealy power saw
1 x Mig welder
1 x Welding table
1 x Bridgeport interactive CNC machine TNC 151
1 x Eurospark 50a Spark Eroder
1 x Bridgeport manual milling machine with digital readout
1 x Manual milling machine with digital readout
1 x Jones & Shipman surface grinder
1 x Colchester Bantam lathe
1 x Fly press
Cartwheel Engineering is sold as a business only. Subject to negotiation, the business may be retained at its current location, otherwise the business will need to be relocated to new premises.