Under Offer
Well-Established Metal Pressing Business
West Midlands
- Asking Price: £225,000 +SAV
-
Turnover:
The business has a turnover in the region of £510,000 with a gross profit of £145,000 for 2019.
2020 was impacted by COVID and had a turnover in the region of £365,000.
- Tenure: Leasehold
Hilton Smythe would like to welcome to the market this engineering company in the West Midlands. The business was established in 1967 and has been in our client`s ownership since 1977. Only now is the business offered to the market due to our client`s wish to retire. The business is open 5 days per week and has a turnover in the region of £467,000 with a gross profit of 22% as per 2015 accounts. The business offers a wide range of services including precision turned parts and metal pressings, therefore benefiting from a lot of repeat business and word of mouth referrals.
We feel turnover could be increased by extending the opening hours and perhaps opening on Saturdays. There is also scope to introduce a website to promote the business and the services offered. This is an ideal stand alone business or a bolt on. We feel this is an excellent opportunity for a new owner to acquire an already busy engineering company with huge scope for future growth; therefore early viewing must come highly recommended.
The business employs 12 members of staff
The business is open:
Monday – Thursday: 7.00am – 5.30pm
Friday: 8.00am – 2.00pm
Saturday – Sunday: Closed
This engineering business is in the West Midlands.
15,000 sq ft industrial unit based over two floors briefly comprising:
Ground floor with presswork area, shelving and racking to suit trade, tool store and ladies and gents WCs.
First floor with offices, tool area, dispatch area, assembly area, work stations and filing office.
External with parking to perimeter areas.
Tenure
We are advised Leasehold:
Rolling lease.
Rent: £15,000 per annum
