Hilton Smythe is delighted to welcome to the market this well-established engineering/armature rewind business in Runcorn, Cheshire. The business was established by our client in 1991 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business generates a turnover in the region of £363,000 per annum, with a gross profit of approximately 61%.
The company offers a comprehensive range of reliable services, both electrical and mechanical, specialising in on-site servicing and repairs of variable speed drives and motors, testing, dismantling, repair and assembly of AC/DC motors, fault finding armature, rotor, stator, mechanical, gearboxes, pumps, fans, conveyors and general machinery, including planned and reactive maintenance, together with a 24 hour response capability. The business is not only efficient and reliable, but they offer flexibility, making them a great choice for local businesses.
The business has an excellent reputation within the industry, which has resulted in a very loyal client base with a vast amount of repeat trade, which has grown through word of mouth recommendations. We feel the client base could increase significantly though target marketing. The business currently only utilises businesses within a 30 mile radius, this geographical area could easily be extended further. The business would also benefit from the launch of a website to advertise the business and the services offered.
We are advised the turnover is growing on a yearly basis. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold: New lease to be agreed. Rent: £20,000 per annum
Freehold option available £449,950 + SAV
STAFFThe business is owner run and managed with 3 x staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £363,000 per annum, with a gross profit of approximately 61%.
AKT Engineering Ltd occupies substantial industrial premises, ideally located on a large industrial estate in Runcorn, Cheshire. The premises benefit from ample private parking and are situated in a prime location just off the A533. The property is surrounded by a wealth of complementary businesses. Runcorn is an industrial town and cargo port in Cheshire. As of the 2011 census, the town had a recorded population of 70,000 residents. The town is on the southern bank of the River Mersey, where the estuary narrows to form Runcorn Gap.
The industrial estate is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is approximately 3 miles away. The area is also well served by the A-roads, which link to the vast A-road and motorway networks. Warrington is approximately 8 miles away and Ellesmere Port is 15½ miles away.
Ground floor industrial unit within a large gated plot, briefly comprising:
Large modern unit with:
Large workshop with roller shutter door.
Stock room on a mezzanine floor.
Air compressor 3ph.
Edwick centre lathe.
Colchester centre lathe.
XYZ 1500 milling machine.
Two pedestal drills.
One radial air drill.
One superior surface grinder.
Electrical test bench.
Coil winding machine.
Three curing ovens.
1.5 tonne electrical travelling hoist.
Two pedestal grinding machines.
Mitsubishi pick-up truck.
Vauxhall combo van.