FOR SALE
652399
This established aluminium casting and engineering business presents an exceptional opportunity to own a fully operational foundry with a robust history and significant growth potential. Located in Coventry, the facility benefits from an existing lease that has three years remaining, alongside a council-issued license to operate as a foundry, both of which will be transferred on sale. Moreover, there are no business rates payable and the monthly rent is fixed at £950 for the upcoming three years. The current setup includes a range of equipment, an established customer base, and ample growth opportunities, making it ideal for an owner-operator, engineering entrepreneur, or trade buyer.
As part of the sale, the current owner is committed to providing support for both the initial startup phase and ongoing operations, offering valuable business and technical advice as needed. The option for vendor financing is also available for the right buyer, ensuring a smooth transition into ownership.
Included in the Sale
The sale encompasses a comprehensive range of equipment and resources vital for running an efficient foundry, including:
Currently, the foundry operates at a capacity of 30 moulds per day, with a minimum charge of £30 per box. The jolt squeeze machine can produce 50 moulds per hour, indicating significant potential to further increase productivity, orders, and profits.
Established Business with Proven Excellence
This manufacturing facility has operated successfully for over 40 years at the same location and has a proven record of producing high-quality, customized aluminium components for diverse industries. The well-maintained workshop is equipped with essential safety and operational features, ensuring a reliable production environment. With a strong existing client base and opportunities for expansion into emerging markets, the potential for growth is considerable.
Business Advantages
The business benefits from several advantages that position it favourably in the market, including:
The asking price for this leasehold opportunity is available upon request. The annual rent amounts to £11,400, with all stocks included, making this a compelling venture for anyone looking to enter the aluminium casting industry.
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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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