Highly Experienced Engineering Business in Spalding Lincolnshire For Sale
Spalding, Lincolnshire
- Status
FOR SALE
- Advert ID
612114
- Reference
B04787 / Rightbiz
- Call Agent:
- Leasehold: £49,995
- Turnover: £123,108 (£2,367 per week)
- Profit: Not Applicable
Business Details
Highly Experienced Engineering Business
BusinessPlease Quote Reference B04787
CoGoGo welcomes to the market Portapack Engineering Limited, which was established in 1985, our client is looking to sell due to retire.
Portapack moved in to larger premises at the start of 2018, therefore creating extra work room for more employees if required.
Portapack has a strong agricultural engineering background as well as food processing, as this fits in well with the region, Portapack also specialise in:
• Manual lathe machining
• Turning- milling operations
• Metal cutting
• Boring
• Welding
• Drilling
• Fabrication
• Industrial & agricultural equipment
• Engineering breakdowns
• Prototypes & product developments etc
Having been in business since 1985, they have highly experienced engineers for Engineering work, Machinery maintenance and Labour suppliers to the Farming and Food Industry locally, nationally and internationally.
The company has a good spread of repeat customers and serve a range of industries from Food, Farming, Oil, Gas, Automobile, Construction, Aerospace and work for the Ministry of Defence, Local Authorities, Hospitals, Garages, Schools, etc.
They have a large workshop with a number of latest Manual Lathes, Milling Machines, Welding Equipment, Cutting and Boring facilities on site. Portapack can machine with all grades of mild steels, carbon steel, stainless steel, aluminium, brass metals and plastics.
The business is being sold with the website www.portapack.co.uk
Although an established company there is scope for further development by looking in to:
• Advertising and promotion
• Extending the coverage of agricultural and farming works
• Consider increasing staffing levels
There are many reasons to buy Portapack including:
• Established company within the area
• Wide current client base that could be tapped in to
• A strong agricultural area giving more potential clients
CoGoGo highly advise early viewing to avoid disappointment.
Location
Portapack Engineering Limited is located in Long Sutton, Lincolnshire with fantastic road links being approximately a quarter mile from A17 which links between Kings Lynn and Boston via A16.
The business is some 25 miles north of Peterborough and in turn offers further road links via the A1.
The business is set on a small business park with ample customer and employee parking directly outside.
Premises
Outside is a large shared car park area with parking directly outside for numerous vehicles for staff and customers.
Pedestrian entrance set within sliding double doors to the large workshop
Within the workshop are:
• Forte automatic saw
• Selson hydraulic press
• Mig and tig welders
• Numerous drills
• Band saw
• Half ton hoist
• Colchester mascot 1600 lathe
• Bridgeport milling machine
• Colchester triumph 2000 lathe
• Numerous work benches
• Numerous hand tools
• Numerous chucks
• Powermax plasma cutter
• Numerous power tools
• Bridgeport milling machine
• Compressor
• Pallet fork lift
• Spray room with racking and extractor unit
• Store room with racking and door to outside
• Further store room for parts and sprayers
• Office with computer system
The WC is shared with other businesses on the site.
The business is also being sold with a Toyota Fork Lift Truck and a Peugeot Van and trailer.
Tenure
We are advised the business is being sold as a Leasehold business opportunity.
There is a rolling Lease with an annual rent of £8,400.
Our client informs us they do not pay business rates.
Hours
The business opening hours:
Monday - Friday: 9.00 am – 5.00 pm
Saturday - Sunday: Closed
Staff
The business is run and managed by our client, with the help of a full time member of staff.
Financial Profile
Portapack Engineering Limited generated an advised turnover of circa £112,000 as of the 2021 accounts with a gross profit of 70% and an adjusted net profit of £21,549
The assets being sold with the business are worth in the region of £65,000.
For Further Information please contact CoGoGo quoting reference B04787
Contact Agent
Listing Statistics
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Contact the seller for more details, or book a viewing
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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.
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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.'.
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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