Profitable Gearbox Engineering Business in King's Lynn for Sale
Kings Lynn, Norfolk
- Status
FOR SALE
- Date Submitted:
27/03/24
- Advert ID
608865
- Reference
586956 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Turnover: £820,000 (£15,769 Per week)
- Net Profit: Not Applicable
Business Details
Engineering For Sale in King's Lynn
POWER TRANSMISSION ENGINEERING COMPANY in Norfolk for SaleThis business was founded in 1965 and has built up a wealth of reputation across a large and loyal customer base, serving customer here in the UK and internationally.
It’s pride itself in being a British Manufacturers that specialised in industrial gearboxes, mechanical variable speed drives, inline and right-angle gearboxes, motor, pulleys and have abundance of technical skills in sub-contracting, producing bespoke, one-off parts or mass-produced parts, tailored to their customers needs.
Our clients are selling to enjoy a well-deserved retirement - excellent opportunity for any new owner to continue and take the business from strength to strength.
The premises operate from a well-presented and equipped commercial premises - excellent location and ideal premises for the operation of the business. The business shows adjusted net profits in excess of £180,000 on the accounts to 2021 with a weekly turnover of £16,000 and is operated in easy hours Monday to Friday – exceptional buy and priced to sell. EPC Band E.
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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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