Buy a Thriving Component Manufacturing Business in Loughborough Leicestershire
Loughborough, Leicestershire
- Status
FOR SALE
- Date Submitted:
18/10/23
- Advert ID
601346
- Reference
B07579 / Rightbiz
- Call Agent:
- Leasehold: £274,995
- Turnover: £140,628 (£2,704 Per week)
- Net Profit: £4,884 (4% Profit margin)
Business Details
Well Established CNC Precision Engineering Manufacturing Business for sale
BusinessPlease quote reference B07579
CoGoGo are delighted to welcome to the market O D Engineering Ltd, a highly rated engineering business in Loughborough, Leicestershire.
O D Engineering Ltd was first established by our client in 1985, building up an excellent reputation and very loyal customer relationships.
The business has now come to the open market due to other business interests.
O D Engineering Ltd specialises in manufacturing components for motorsport Industry and general sub-contract engineering work. They use the best milling, turning and CNC machines in the industry to produce high-quality products for customers. They also commit themselves to produce quality bespoke parts and components.
They specialise in bespoke components and have experience with the following marks:
- Lotus
- Ford
- Vauxhall
- Rover
- Subaru
- Mitsubishi
Key selling points -
- Very loyal customer base
- Regular work comes from 10 customers – many of which have been customers for over 20 years
- Agreed handover period will be offered
- Low rental unit available
- Over £100,000 in included assets
- Highly Profitable business - gross profit has consistently been 80%
- Lots of opportunity for further growth
- Currently no advertising or marketing carried out
- New website/social media and SEO spend would help promote the company
- Adding a business development to chase potential new leads and working more closely with current clients would increase current orders
Location
O D Engineering Ltd is located in a small industrial unit in the village of Quorn, in Loughborough, Leicestershire.
The businesses customers are predominantly located in the East Midlands.
Premises
- Large open plan workshop
- Office
- Storeroom
- Toilet facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, with our client happy to offer a new lease to the buyer. The rent is £9,600 per annum (£800 per month).
Hours
The current trading hours are -
Monday to Friday - 8:00am - 5:00pm
Saturday & Sunday - Closed
Staff
We are advised that the business is currently run to suit with no employees.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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