Price: £89,950 + sav
Well run business coupled with elegant premises
Ref: C 819
This outstanding business has been established for over 25 years and is run from truly elegant Grade 11 Listed premises arranged over 3 floors and having work and training rooms on the first floor as well as spacious and comfortable private living accommodation over part first and all of second floors. The business is therefore ideal for someone wanting a successful concern with worldwide connections, wishing to live on site, thus minimising family overheads. The business is run by the owners and one full time staff member. Initial guidance can be provided therefore previous experience is not absolutely essential although clearly desirable – an enthusiastic and focussed business mind is more important.
The business consists of the receipt of orders for curtains, the provision of suitable materials, the production of the desired size and style of curtain and finally the dispatch to the required address. There is a very comprehensive and impressive web site which attracts orders from the UK and abroad and within the last year or so, a Training school has been established run from one of the first floor rooms ( The British Curtain Making Academy ) where tutors are hired on a self employed basis for courses lasting 1, 2 or 5 days and for which fees are received by the owners of up to £595 per person. There is huge scope for the further development of this part of the business which is potentially extremely lucrative.
All in all, this is a most impressive and profitable business which is set up and run in a very efficient and professional manner yet which offers further scope for profit enhancement for an enthusiastic and enterprising owner.
ACCOMMODATION ( note, all dimensions are approximate )
Sales area 16.8 sq m with original timber panelled walls, curtain / fabric displays, purpose built furnishings, access through to:
Rear sales / office 21.6 sq m with further displays, desk and computer equipment, door to:
Store / staff room providing a quiet area for staff relaxation.
Spacious and elegant side entrance hall and inner hall with original tiled floor, staff WC and wash basin, wide staircase up to:
Training Room with large central table, perimeter bench and seating, 6 domestic sewing machines, cold water dispenser,
Work Room with large central table, perimeter benches, various industrial quality machines, Staff WC off.
Rear Store Room
The Private Accommodation comprises of a large double bedroom with en suite shower room while on the second floor there is a further double bedroom, lounge, small kitchen and an office.
The premises are understood to be rated at below the threshold for which rates become payable. This relates to the ground floor only. The upper floors are subject to Council Tax and currently have a Grade D banding. All parties should check this prior to proceeding.
The GF premises are leased for 12 years from 1/10/2012 at £8971.80 ( Index linked reviews every 3 years The upper floor is is let at £1200 per month on an ongoing basis. The property is held by the landlord as an investment therefore a new lease could be arranged for a term to be agreed.
Latest accounts ( Y/E 30/04/16 ) show sales of £252,103. Full accounts information can be made available to genuinely interested parties after having viewed the business. We calculate that on the basis of these accounts with the appropriate amendments, the adjusted net profit is around £40,000. The owner will be happy to provide any further information regarding the day to day running of the business, as required.
We are seeking around £89,950 for this rare and most attractive business ( + sav ).
The purchaser will be required to make a contribution of £450 + vat towards the owners legal costs involved in the transfer of the lease and business.
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease