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Light Industrial for sale

Wear Court, Wallis Road, Middlesbrough, Cleveland, TS6

£98,995
244 sq. m.

Property Description

Commercial information

  • Business for sale
  • 2,626 sq ft (244 sq m)

Key features

  • Ref 14634J
  • PRECISION ENGINEERING

Full description

LOCATION
The business is situated on the outskirts of Middlesborough, North Yorkshire.
This engineering business is located in the well-established and large Skippers Lane Industrial Estate, surrounded by a plethora of independent commercial businesses.
The estate is accessible from the A66, A19 and A174, with the A1(M) motorway is just a short drive from the business.

BUSINESS
Hilton Smythe welcomes to the market this thriving Engineering business. The business itself has been run as a precision engineering company for over 7 years.

The business is an established precision company which pride themselves on professional precision engineering services and general engineering to clients throughout Middlesbrough and the surrounding areas of Cleveland.

The business has built up an excellent reputation within the area for the high quality and workmanship of their services, which has resulted in a loyal client base and a high volume of recommendations.

The business provides the following services:-
Precision and general machining in a variety of materials
Low volume turning machining
Low volume machining
Prototyping and much more
low volume CNC machining can be done, but off site.

We feel there is scope for a new owner to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered, as well as maximising the use of social media to promote the business. There is already a website in place to advertise the business, which could be developed further to promote to new custom.
This is an excellent opportunity for a new owner to take this already busy and thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES & EQUIPMENT
Equipment includes:-
2 Central Lathes
1 Milling Machine
1 Radial arm drill
1 saw
1 bench grinder
1 pedestal grinder
1 A frame lifting hoist (Weighing in at half tone).

TENURE
We are advised the business is being sold as a Leasehold
Remaining lease length is 2 years
Rent 950 monthly

HOURS
The business opening hours are:-
Monday to Friday 9.00 am to 5.30 pm

STAFF
The business is owner run.

FINANCIAL PROFILE
The business generated an advised turnover of circa 82,000 and a gross profit of 64% as of 2017.


Map & Street View

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