Price: £39,950 + sav and equipment

Excellent profits generated from this well know replacement glazing business

Ref: C 894

Tenure: Leasehold

The business has been established for over 30 years and has built up an enviable reputation for speed and quality of service and realistic pricing. The business is run by a husband and wife team plus six staff operating from workshop premises in the centre of Huntington, which offer ample space for the cutting and preparation of glass and frames, plus more than ample storage provision. There is also a sizeable tarmaced forecourt to the front for customer parking and vehicle manouvering.

The business is primarily concerned with the provision of replacement glass or double glazed units for windows, doors and mirrors but also supplies complete replacement window and door installations as well as conservatories. Glass is cut on site and all equipment necessary for the efficient running of the business is available if required.

ACCOMMODATION ( note, all dimensions are approximate )

Workshop  approx  303 sq m ( 3270 sq ft ) in four connecting units, one of which includes a customer reception area, the others each incorporating a roller shutter door. Ladies and gents wc facilities.

Mezzanine Storage  approx 222 sq m ( 2399 sq ft
RATES

The premises are shown on the Valuation Office Rating web site as having a RV of £10,000. Under current arrangements for small businesses, no rates should be payable however interested parties should check this information prior to proceeding.

LEASE

A new full repairing and insuring lease will be available for a term to be agreed at a commencing rent of £15,000 pa.

BUSINESS

Accounts for YE 31st August 2017 show sales of £308,859 and a Gross profit after wage costs of £69,968. We calculate that the adjusted net profit after rent and all other costs amounts to around £20,000 pa. In the event that the business is bought and relocated away from these premises, then the rent to be charged would be added back to profits to show an adjusted net profit of around £35,000.  Full accounts information can be made available to genuinely interested parties after having viewed the premises.

COSTS

The purchaser will be required to pay a contribution of £450 + vat towards the landlords legal costs involved in preparing the  lease.

PRICE

Around £39,950 + stock, equipment and vehicles, as required. Equipment includes a Glass processing machine, sand blaster, lathe, saw and planer.

EPC

The property has an EPC rating of E 111.

Viewing
By arrangement with The Agents on 01904 794812.
Important
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.
Vat
All prices and rents are deemed to be exclusive of any VAT which may apply.
Note
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

EPC Document

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