An outstanding opportunity has arisen to acquire a distinguished manufacturing business that has been a cornerstone in the industry sectors across East Anglia for 35 years. Founded on a legacy of quality and trust, this business specialises in providing essential parts to a diverse range of sectors. With the two directors reaching a pivotal point in their careers, the decision has been made to pass on the torch. The finance director is set to retire, while the technical/manufacturing director is open to the possibility of continuing their expertise under new ownership.
Situated in the industrially rich area of East Anglia, this business presents a lucrative opportunity for expansion in several key markets including Nuclear, Marine, Carbon Fibre components, and even niche markets such as garden ornaments. Despite its established reputation, the business has much untapped potential, particularly in marketing and advertising, and leveraging its existing customer base for additional revenue streams. This is a unique chance to own a trusted name in the manufacturing industry with room for significant growth.
THE BUSINESS
This enterprise prides itself on its specialisation in fibreglass parts, demonstrating a robust increase in turnover for the past four consecutive years. The potential for scale is enticing, especially in areas previously unexplored by the current ownership.
The business has not only maintained a loyal client base but has also had the privilege of collaborating with an iconic luxury British sports car manufacturer and another renowned name in the automotive sector. Its operations encompass a variety of manufacturing processes, capable of producing an extensive range of patterns, moulds, and components. Furthermore, the location of the premises has historically benefited from Government grants, suggesting additional financial incentives for prospective owners may be available in the future.
PREMISES
The operational heart of this business lies in its well-structured workshop and storage facilities, encompassing a total area of 324m². The ground floor includes a spacious workshop area (300m²), a staff room (10.6m²), and a works office (13.4m²).
Supplementing the main workshop space are 10 small storage units (outbuildings) and one large finished goods storage unit, equipped with a roller door for ease of access. Additionally, there is an outdoor communal washroom facility with a washbasin and running water, ensuring convenience for all employees. This comprehensive setup provides an ideal foundation for efficient operations and future expansion.
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ADDITIONAL INFORMATION
AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.
CONFIDENTIAL SALE: This listing is confidential at the vendor’s request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.
REFERENCE NUMBER: MF35963E.
OPENING HOURS: Monday to Friday 8:00am to 5:00pm. Closed Saturday and Sunday.
TENURE: Leasehold.
The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing lease.
RENT PAYABLE: £10,200 per annum (£15,600 for 1st June 2024 as per rent review).
RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.
This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
STAFF: 6 full-time staff members.
EPC: The Energy Performance Certificate shows a rating of ‘C/53’.
PRICE: £99,500 + STOCK AT VALUATION.
For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation, estimated to be in the region of £15,000 to £20,000. This is a business for sale as a going concern.
VIEWING: Strictly by appointment only, please get in touch to make an appointment.
FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.
BUSINESS TO SELL: Thinking of selling your business? That’s our business!
If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.
PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.
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DISCLAIMER
1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
