Long-Standing Electric Motor Repair Business for Sale in Cumbria

Ulverston, Cumbria
REF: INT2928

Asking Price:
£250,000
Annual Turnover:
£493,297
Annual Net Profit:
£113,870
REF: INT2928
Photo of Long-Standing Electric Motor Repair Business for Sale in Cumbria
Photo of Long-Standing Electric Motor Repair Business for Sale in Cumbria
Photo of Long-Standing Electric Motor Repair Business for Sale in Cumbria
Photo of Long-Standing Electric Motor Repair Business for Sale in Cumbria

Overview

Tenure:
Leasehold
Established:
1980
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Equipment Included

Established in 1980, this longstanding electric motor repair business is available for acquisition. With a successful trading history spanning over 40 years under the current ownership, the business has become synonymous with excellence in electric motor repair services.

Located in a strategically positioned workshop in Cumbria, the business primarily focuses on repairing motors and replacing parts, with minimal on-site work. Serving the regions of Cumbria and Lancashire, including key industrial areas such as Barrow, Kendal, and Whitehaven, the business has carefully cultivated relationships with high-profile blue-chip companies.

The business has established itself as a reliable and reputable player in the industry. Despite the presence of a few competitors, the business maintains a local edge, ensuring a consistent flow of opportunities.

This company presents a unique opportunity to acquire a thriving electric motor repair business with a rich history, loyal client base, and untapped growth potential.

Strategically positioned in Ulverston near the industrial southern tip of Cumbria, this business operates from a 3000 sqft unit/workshop in the town centre. The leased building is thoughtfully divided into two well-equipped workshops, storage areas, office space, and welfare facilities for staff, including a kitchen and toilet. Ensuring security, the premises features parking outside, as well as security shutters and bars on all windows and doors. This setup provides an efficient and secure operational base for the business's electric motor repair services.

Currently, the business is managed by two owners, one of whom is consistently on-site. The team comprises 4 full-time and 1 part-time staff, including an engineering supervisor capable of overseeing operations in the owner's absence. While the current staff is efficient, the addition of one more member could further optimise productivity.

With a prime location in Ulverston and a solid foundation built over 43 years, this electric motor repair business holds significant potential for organic growth. The strategic positioning near the industrial hub of Cumbria positions it well for expanding its client base.

The business has a history of successfully tendering for projects with esteemed local regular and semi-regular clients, presenting ample opportunities for continued expansion and increased market share. With a reputation for excellence and a strong network in the region, the business is poised for substantial organic growth in the dynamic electric motor repair industry.

Features

Key Information

  • Products Manufactured: Electrical

Online Presence

Website: www.furness-winding.co.uk

Location

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  • Close to Local Businesses
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£11,750
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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