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South East Engine Machining And Vehicle Engine Specialists For Sale

Berkshire
Asking Price:
£175,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£220,000
Cash Flow:
Under £50K

A long established, family-run business, the company operates exclusively in the remanufacture, repair, restoration and exchange of motor vehicle engines and parts.

The company provides a wide range of engine machining and remanufacturing services to the motor trade including local garages, commercial repairers, restorers, performance engine specialists and also vehicle enthusiasts. Business is drawn from surrounding counties including Berkshire, Buckinghamshire, Hertfordshire, and West London but also from further afield courtesy of their comprehensive web site and online presence. All components to be machined are dropped off or sent by courier (no work on complete vehicles is carried out).

The company specialises in the machining and supply of engine parts for all small/medium vehicles including cars, light commercials, motorcycles and plant and offers services for standard, performance, race and classic applications. They also provide new engine components and offer a range of exchange remanufactured parts including complete engines. A number of engine specific specialist repair and machining services have been developed.

The company targets discerning customers looking for quality workmanship and a reliable service and prides itself on a high level of customer service.

The company has a comprehensive range of well-maintained machines and equipment for operations including crankshaft regrinding, cylinder boring, cylinder head refurbishment, honing, pressure testing and parts cleaning as well as general engineering machine tools.

The sale will also include a range of high quality specialist and general hand tools.

Machining resources are provided by a skilled and flexible machinist and the main shareholder. A number of services are currently sub-contracted. Annual turnover is approximately £220,000 with the company showing turnover and profit growth over the last three years. The owners and their advisor believe that further consistent growth is readily achievable. The existing focus has been on delivering high margin quality services with the existing skilled resources. Growth could come from expanding the geographic reach, introducing additional services, improving the utilisation of the existing machines and further focus on the enthusiast market.

The website for the business is the main source of new leads, with good organic search performance enhanced by modest Google Adwords campaigns. The business benefits from referrals from satisfied clients.

The business is debt free. The current owner is prepared to offer considerable hand over support if required.

Location and Premises Details:

The company operates from a two storey unit on a small industrial estate close to the town centre and railway station with good transport links to both the M4 and M40 Motorways. The unit comprises both lower and upper floor working areas with a small front reception on the ground floor and an office and additional rest room on the upper floor. There are washroom and WC facilities on both levels. The unit area is circa 2350 sq. ft. There is space for further expansion of light machining on the upper floor.

The unit is owned freehold and it is available for lease to the new owner. Alternatively, the freehold could be sold to the new owner, by separate negotiation.

If interested, please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Lease Terms:

The premises are currently owned freehold and a new lease would be negotiated with the acquirer as part of the sale agreement. Alternatively the freehold would be available by separate negotiation.

Leasehold Rent:

£18,000 per annum

Location:

The company operates from a two storey unit on a small industrial estate in Berkshire close to the town centre and railway station with good transport links to both the M4 and M40 Motorways.

Premises Details:

The unit comprises both lower and upper floor working areas with a small front reception on the ground floor and an office and additional rest room on the upper floor. There are washroom and WC facilities on both levels. The unit area is circa 2200 sq. ft. There is space for further expansion of light machining on the upper floor.

The unit is owned freehold and it is available for lease to the new owner. Alternatively, the freehold could be sold to the new owner, by separate negotiation.

Size in square feet:
2,350

Business Operation

Expansion Potential:

There is excellent scope to offer further new services and enter additional niche markets with higher margins. The current owners have grown the business without additional staff. There is space to have additional machining and also significant potential for higher machine utilisation with more skilled resources. The confidential Information Memorandum available to potential buyers under NDA will provide more information on the future potential.

There is potential to further build on the leads generated by the current website. The Social Media assets owned by the business could be better exploited (minimal current activity).

Competition / Market:

The majority of business comes from a 25 mile radius with the engine components being dropped off by customers. The focus is on providing high quality machining and there are limited similar competitors within the geography.

Part of the growth of the business has come from addressing national opportunities with specialist services where the components to be machined can be economically shipped. This provides more opportunities while competing nationally.

Several of the specialist services provided have limited competition and have helped increased the proportion of business from the enthusiast market.

Reasons for selling:

The sale is a planned early retirement by the owners.

Trading hours:

Monday to Friday 8:30 to 17:30 with the Trade Counter open on Saturday mornings.

Employees:
3
Years established:
65

Other Information

Support & training:

The current owners are prepared to offer considerable hand over support as part of the negotiated sale agreement and are prepared to remain with the business for a reasonable period if required for an appropriate remuneration.

Financing available:

The specialist machinery could be asset financed to release capital for the acquisition. This financing would not be provided by the owners.

Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
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