Business Hilton Smythe welcomes to the market J and B Novak (Metalcraft), established by our client over 40 years ago and located at this site for over 20 years. Our client now wishes to sell the business to retire.
The business is now run to suit and only employs 4 x Sub-Contractors when the work requires. Previously our client employed 5 x full time Engineers working from the unit.
Revenue is derived mainly from commercial orders for railings, staircases, balustrades, bespoke metal structures and security gates. There is scope to increase the domestic side by working with interior designers and homeowners living and working in this affluent area.
Our client previously worked with major housing developers in the area and will handover all current customer details to any new buyer.
Previous turnover exceeded £300,000 per year but our client now runs to suit by concentrating on a handful of loyal customers located in the area. Average order value is approx £9,000 currently.
Full fixed period handover will be offered.
Price of the business will include the goodwill, full range of equipment and excellent lease terms enjoyed by the business.
Location J and B Novak (Metalcraft) is located on the Country Business Centre, White Cottage Farm on Lucas Road in Woking, Surrey.
The unit benefits from a private location with approx 15 other business types on a secure site with private access.
There is free customer parking on site.
Woking is a highly desirable location in North West Surrey, located just off the A3 and busy M25 motorway.
The mainline station is less than 5 mins walk away and links commuters to Waterloo in approx 20 mins.
Premises Size of unit - 146 m2
Large roller shutters (double height ) access the unit.
Ground floor workshop - Metal stock shelving 15 Tonne Hydraulic press Fly press 2 x metal workbenches Engine drill Metal cutter Circular saw Welding machine Guillotine Grinder Spot welder, tig welder Large selection of tools
Staff kitchen and toilet
Mezzanine level - Admin office with 2 x desk spaces and filing cabinets
Tenure The business is being sold on a Leasehold term with a rolling monthly agreement currently in place paying just £1,920 per year however our client advises a new fixed lease will be offered to any new buyer.
The business benefits from full small business relief, paying zero business rates in the current year.
Hours The business is currently run to suit, The core hours are Monday to Friday 8-5 however, the site is open 24 hours to allow flexible trading.
Staff The business is run and managed by our client with the help of sub contractors when the work requires
Financial Profile Our client advises a turnover of approx £80,000 in 2017 with a net profit of £16,700 as run to suit.
Our client will include all equipment valued in the region of £20,000
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