Financial Details
Asking price: £275,000
Sales revenue: £40,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed


Business Description
We are delighted to have been instructed to offer to the market this exceptionally well established and extremely niche engineering reclamation business.
Founded over thirty five years ago, the business is only now being reluctantly offered for sale as the company principal has sadly passed away.

The business specialises in the reclamation and modification of many high speed steel/ASP and general tooling steels such as:
• Broaches
• Gear hobs
• Shaping and shaving cutters
• Rolling dies
• Forming tools
• Boring bars
• Toolholders
• Chuck jaws
• Milling cutters
• Peeling tools
• Drills
• Punches and dies
• Much more

Numerous engineering businesses have tried to emulate the specialist techniques used but none has yet succeeded. The process is closely guarded and will only be made available upon exchange of contracts, if a buyer wishes to see proof that the process actually works they can provide their own sample which needs repairing.

The business has an excellent blue chip customer history including:
• Rolls Royce
• ICI
• Ford Motors
• The Royal Mint
• The oil industry
• The Wiggin Group

The business has presently two full time staff members and one part time who work approximately 15 hours per week.

Fully equipped for purpose, the list of plant and machinery includes:
• Three lathes
• Four millers
• Surface grinder
• Cutter grinder
• Bandsaw
• Insizing machine
• One Mig, Two Arc and Two Tig welders
• Fork lift truck
• Compressor
• Two drills
• Fly press
• Tool and cutter grinder
• Other ancillary equipment

We are advised that stock at cost is approximately £10,000.
REF: 9612NN



DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon to Thurs: 8.30am to 4.30pm Fri: 8.30am to 12.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: Holding over Rent: £12,960 We are advised that the annual business rates are currently: £1,220
Location:The business is presently located in an engineering workshop in Northamptonshire. It could however, be easily relocated anywhere in the country to suit a new owner.
Premises Details:The business can be relocated anywhere in the UK to suit a new owner.

Should a buyer wish to stay on the present site it is approximately 2,000 sq feet in size and could easily make available approximately 50% of the space for transfer of work in if required.
Expansion potential:The potential for the process is absolutely huge with quite probably every engineering company in the world able to benefit in some way or another from the process. The business should also advertise to make potential customers aware of the service available
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