Light industrial for sale in Silfield Road, Wymondham NR18, £89,950

89,950.00

Offer Nr.:
64790349
Type of ad:
for Sale
Property type:
Light industrial
Contact name:
Gilbert & Rose Commercial
Phone(s):
01702 787467

* Leasehold
Relocatable manufacturer of top quality rosettes & sashes including all
machinery, fixtures & fittings plus sav
Long established since the 1980s, the current owners have built the business
up since they took over in 2009 and they now wish to retire. This is a
profitable niche business that will suit a couple who wish to make a good
living working together.
The business supplies rosettes and sashes throughout the UK and world - wide
with a large market in Norway. Offering both a bespoke and bulk service, they
pride themselves on the quality of the products they manufacture and having
the ability to do "one offs" as well as larger orders.
With the manufacturing in Wymondham and the assembly outsourced to a team of
outworkers, this is a very efficient business that could easily be expanded
with more marketing. All design and customisation is done in house and the
extensive catalogue and website could be promoted further to increase trade.
Our ref: RX264242 - M6744N
**Location**
Currently operating from an industrial unit in Wymondham, this is just the
right size for the business. Comprising of a workroom, office, kitchen, store
room and WC and with parking for four cars. It is in a good location, close to
the station and for easy access to the A11 and links to all parts of the
country
**Staff And Trading Hours**
Run by the owners with the support of nine outworkers who operate on a self -
employed basis. The current owners are willing to provide training on the use
of the machines and the manufacture of the rosettes to the purchaser if this
is required.
The current owners typically work at the workshop 09: 30 to 16: 30, four days a
week, with some additional admin work carried out at home. However, there is
scope for total flexibility for a new owner to fit the hours around the needs
of children or other caring responsibilities if required
**Tenure**
New lease available if required. No surrender penalties if relocating
**Turnover**
For the year end March 2023, the turnover was in the region of £150, 000. With
Covid now behind us, it is anticipated 2023/2024 will see a significant
increase which is already being shown in the trading figures. The adjusted net
profit provides the vendors with a comfortable living and there is
considerable potential growth for a new owner by working a greater number of
hours and taking on additional outworkers. The owners are currently turning
down orders on a weekly basis, despite not undertaking any advertising, as
they are happy with their current work/ - life balance, hence the huge potential
to increase takings
**Business Rates**
We are advised that there are zero business rates payable
**Inventory**
Stock at valuation upon completion
**Summary**
This would be a perfect business for a couple who wish to work together and
have a good lifestyle. There is potential for growth if desired. Easily
relocatable anywhere in the country, this will suit if you are tired of the
rat race and want to be your own boss!
**Disclaimer**
Whilst every care is taken to ensure that these particulars are correct,
accuracy is no way guaranteed and none of the information supplied forms part
of any contract. Acceptance of these particulars constitutes a contract to the
effect that all negotiations for the business or property will be made through
Gilbert & Rose otherwise the purchaser will be equally responsible with the
vendor for damages equal to the amount of our commission

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: