Specialist Gauge Manufacturing Business for sale in Nottingham
- Asking Price: £197,700 +SAV
- Turnover: The business generates a turnover in the region of £412,000 per annum.Gross profit 60%
- Tenure: Leasehold
Hilton Smythe welcomes to the market Nottingham Gauge & Thermometer Company. This specialist business was originally established in 1974 and the family run business has been managed well by our client. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement. Nottingham Gauge specialises in made to order service for manufacturing gauges. Since establishment, the business has seen several expansions, to develop services available. This has allowed for more trade and an excellent reputation for quality products. The company generates an excellent turnover of around £412,000, with a gross profit of 60%, as of 2016 accounts. There is scope to increase this already healthy turnover. The business is currently running on word of mouth recommendations and repeat loyal trade, we feel the new owner should consider an advertising and marketing campaign to enable a boost in custom. This is a niche business that has very little competition, therefore there is huge scope to increase sales. A large percentage of the business is bespoke manufacturing to customer requirements, including computerised special dials. They also offer pressure and vacuum gauges, diaphragm seals, dial thermometers, ancillary products and other made to order produce. This is a business that has gone from strength to strength. From changing premises, to partnerships and new product lines and services. This really is a fully formed business. The company is a perfect opportunity for an experienced purchaser. The business has an excellent website that includes a lot of information on products and services provided. There is also information about the company itself. (www.nottinghamgauge.co.uk) This is a fantastic leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
The business is run and managed by our clients, with the help of four full time members of staff.
The business opening hours- Monday - Thursday: 8am – 5pmFriday: 8am – 1pmSaturday: ClosedSunday: Closed Overtime if necessary.
Nottingham Gauge & Thermometer Company is located in Nottingham, Nottinghamshire. The business is situated on an industrial estate close to the centre of Nottingham. There are a variety of complementary businesses in the area, this allows for a large amount of footfall and passing trade. The estate is located just off a main arterial road in the town, this runs into the centre of Nottingham and connects to major A-roads. The business benefits from free parking as well as allocated parking spaces that come with the premises. Nottingham is a large city, which boasts a wide range of amenities and attractions, as well as a great infrastructure. There are bus stops within an easy walk of the business and the closest train station is just a short 5 minute drive away.
Nottingham Gauge & Thermometer Company boasts a large industrial property. The premises includes offices and workshop space. There is a main door, this leads into the reception area. To the side of the reception is a roller shutter door, that leads to the workshop. The property has been allocated 5 parking spaces. The property is secured with roller shutters. The property is as follows- Packing AreaThis has work benches and storage areas. Packing OfficeThe room is equipped with desks, chairs, filing cabinets and a CCTV monitor. There is a CCTV system in place with two cameras. Managers OfficeThis is completed with desk, chair, filing cabinets and storage. Spare OfficeThis has a desk and chair. Central Holding AreaEquipped with storage racking. From here there are access doors to all areas and also stair access to first floor mezzanine. Calibration WorkshopThis room has workbenches and calibration equipment. Compressor RoomThere is a large compressor and specialist equipment. Sand Blasting RoomEquipped with sand blaster and a sanding machine. Calibration Room TwoWork benches and specialist equipment. General WorkshopThis room has work benches, tools and other equipment, this includes computerised equipment. Welding ShopThe room has work benches with all welding equipment Dial Printing RoomSpecialist equipment, plus work benches. There is access to the external fire escape door. Machine RoomMilling machine, ward lathe, general machinery and tooling. Roller shutter access door from frontage. Internal stairs lead to mezzanine floor. Mezzanine This floor is a great size and is used for storage of stock, old files and spares. This space has racking and shelving. The reception area has toilets and a staff kitchen with storage cabinets. Equipment list is available upon request.
We are advised the business is being sold as a Leasehold opportunity. Original lease length: 10 yearsRemaining lease length: 10 years as of 2016. 5 year break clause.Rent: £9,800 per annum