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Busy Saw Tool & Cutter Service and Suppliers

Evesham, Worcestershire
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  • Leasehold: £175,000
  • Turnover: £249,375 £4,796 Per week
  • Net Profit: Not Applicable

Business Details

Business
Hilton Smythe is delighted to welcome to the market this well-established saw tool and cutter service and supply business in Evesham, Gloucestershire.

The business was established by our client in 1974 and is only now being offered to the market due to our client`s desire for a well-deserved retirement. The business operates 5 days per week and generates a turnover in the region of £249,000 with a gross profit of approximately 41%.

Our client specialises in the manufacture and servicing of saw blades and cutting tools for the food, plastics, engineering and car industries to name a few. The business also offers a collection and delivery service within a 40 mile radius of the property.

The business has built up an enviable reputation within the industry, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals.

We feel there is scope to increase the turnover by extending the opening hours of the business, as well as embarking on a modest marketing campaign to highlight the business and the services offered. A new owner could also launch a website for the business to promote the services offered.

This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended.



Location
Canaan Carbides occupies a substantial 2,500 sq. ft. industrial unit on a very busy industrial estate in the market town of Evesham, Worcestershire. The business is surrounded by a wealth of complementary businesses and benefits from a large forecourt with ample parking facilities. According to the 2011 census, Evesham had a residential population of 23,576. The town is located between Worcester, Cheltenham and Stratford-upon-Avon and lies in the Vale of Evesham. The town centre is located on a meander of the River Avon.

The area of the business is served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway is less than half a mile away. The area is also well served by the A-roads, with the A44 and A46 within easy driving distance of the property, which link to the vast A-road and motorway networks. Cheltenham is approximately 16½ miles away and Gloucester is 23½ miles away.



Premises
2,500 sq. ft. industrial unit, briefly comprising:

Reception area with:
Desks.
Computers.
Filing cabinets.
Racking and shelving to suit trade.


Open plan workshop with:
CNC grinder`s HSS and TCT..
Grinding machines to service guillotine blades 2.3 metres.
Profile grinder.
Circular slitting saw grinders.
Band saw blades (wide and narrow) grinders and levelling benches.
Cutter grinders.
Turning and milling machines.
Surface grinders.
TCT and plate saw grinders.
Auto chamfer machines.
Circular knife grinder.
Router cutter grinders.
Bandsaw welders.
New £45,000 CNC grinder machine.


External:
Large forecourt with parking facilities.




Tenure
We are advised Leasehold:
Rolling lease.
Rent: £12,500 per annum.




Hours
Monday – Friday: 8.30am – 5.00pm
Saturday – Sunday: Closed




Staff
The business is owner run and managed with 4 x full time and 1 x part time staff members.



Financial Profile
The business generates a turnover in the region of £249,000 with a gross profit of approximately 41%.



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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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