Business for sale

Business description

The Business Partnership is pleased to offer for sale this Light Engineering Company located in Gloucestershire.Operating since 1989 and recently awarded ISO 9001, this well-equipped company machines components for a wide range of end-users. The company works in ferrous, non ferrous and plastics, producing high specification components.
There is considerable scope to expand the business, particularly into aerospace applications. Increased production will flow through to the bottom line as the equipment is currently under-utilised. The production area occupies around 3,600 square feet, including an office/reception area. The business could be relocated if required in the Gloucester/Cheltenham area.


GENERAL INFORMATION

Years established: 17 years
Employees: 1 including working owner
Relocatable: This business can be relocated.
Property: Leasehold

Lease terms
Previous lease for 7 years now expired. No problem is anticipated in renewing the lease on similar terms. Rent £13,500 p.a. rates £5,500 p.a.

Location
Small trading estate

Expansion potential
Following award of ISO 9001, there are a number of potential opportunities identified in the aerospace industry.

Support & training
A hand-over period will be agreed.

Reasons for selling
Retirement

Advert ref: TW444116