Successful Manufacturer of Scientific Instruments in Norfolk

Dereham, Norwich
REF: S07241

Asking Price:
£150,000
Annual Turnover:
£370,650
Annual Net Profit:
TBC
REF: S07241

Overview

Tenure:
Leasehold
Established:
1862
  • Longstanding business with reputation to match
  • Team of loyal staff with specialist knowledge
  • Worldwide presence
  • Huge premises and list of facilities
  • Strong financial profile

The business for sale is a manufacturer and repairer of scientific instruments, currently based in Norfolk.

Established in 1862 and under current ownership since 1985, the business produces high-quality instruments including thermometers, barometers, barographs and other scientific apparatus. Items are made-to-order and shipped worldwide, ensuring an excellent level of customer service and securing a great reputation.

Now only for sale due to the current owner seeking retirement, the business would be well-suited to a passionate and knowledgeable individual who has experience within this industry.

The stock is included in the sale price.

Operating from sizeable premises, upon entry, the reception lies to the right with director’s office behind. Through the door on the right is the antique stock room, next to that is the canteen and beyond is the washrooms. A corridor leads to a large machine shop, assembly area, the wood mill, and the second building which houses the staining/painting/finishing room, pack/dispatch area, the glass shop and calibration, the gradation room and the mercury room.

Outside is a yard with outbuilding, container and parking/outdoor workspace. Equipment included comprises: 3 lathes, 3 capstan lathes, 5 vertical drills, 3 milling machines, woodworking equipment, sanding equipment, spray guns and booths, stoving oven, gas and burners for glass blowing, constant temperature baths with anti-freeze, water and oil- covering (range minus 25 to plus 250 centigrade), 2 computer engravers and a gradation machine The business also operates a website in which customers can securely place orders directly.

This is a unique opportunity to take on a lucrative, specialist scientific instrument manufacturer which benefits from no competition, a team with highly sought-after skills and fantastic reputation worldwide. The business would appeal to an experienced individual with business acumen, looking to buy a profitable business that affords them the opportunity to be a specialist in the sector.

Expansion could happen in various ways, for example, through further marketing, which could involve more press coverage. Proactively seeking other clients and securing contracts would be a great way to grow profit margins. Potentially widening its offering in terms of manufacturing to include other specialist items would be a way to exploit the current client base and gain a new wave of customers. The buyer will have the support of the previous owner for a period of up to 2 years or more if required to assist and support all aspects of manufacturing and securing clients.

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  • Industrial estate
  • Close to main road
  • Easily accessible
  • Ample parking
  • No competition
Rent
£17,000
Rates
£14,524
Lease Term
35
Lease Expiry
3 years remaining 10,000 sqft
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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