Well established Engineering business for sale
- Asking Price: £199,950 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £300,000. Full financials can be made available upon further request.
Please quote reference B06799
- Tenure: Leasehold
Please quote reference B06799
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well-run and respected Engineering business based in Hull.
The business has been under the careful and meticulous ownership of our client for a number of years, building up an excellent reputation within the industry. The business has only now come to the open market as our client wishes to leave the industry to enjoy a well-deserved retirement, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.
The engineering business based in Hull has built up an excellent reputation over the years for providing a repairs and maintenance service for machinery in both the pharmaceutical and the food industry, including welding and fabrication (including stainless steel) and installation of new equipment services to a number of blue-chip companies.
We feel there is massive scope for growth with a new owner perhaps undertaking a robust marketing campaign to win new business, along with the introduction of a dedicated website to further promote the business and services offered.
This outstanding turnkey business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
The sale of the business excludes all fixtures, fittings and equiptment, and can be made available on a seperate negotiation. A full breakdown can be made available upon further request.
We are advised that the business has 3 full-time members of staff.
The business hours are -
Monday – 08:30 – 17:30
Tuesday – 08:30 – 17:30
Wednesday – 08:30 – 17:30
Thursday – 08:30 – 17:30
Friday – 08:30 – 17:30
Saturday – Closed
Sunday – Closed
The business is located in an industrial unit on Damson Lane North in the port city of Hull, East Yorkshire. The business benefits from excellent access to the major road networks, in and out of the city.
The area is well serviced in terms of amenities along with an excellent public transport network to all other parts of the city.
The business is located in a modern industrial unit, with main workshop area with various industry tooling and ample workbench space, mezzanine area with storage, ample further storage, and office area. Externally there is a good-sized gated yard area bound by security fencing.
We are advised that the business is being sold on a Leasehold basis, with 3 years remaining on the 10 year lease. The rent is £1,750 per month and has rates payable at £3,600 per annum.