**Location
**
Oswestry, Shropshire’s third largest town, with a former Borough population of
approximately 33, 0000, and town population of approximately 17, 500, has a
wealth of character and facilities to offer. There are a range of multiple
retailers in the town, to include Boots, Superdrug, W H Smith, Poundland,
Prezzo, Home Bargains, Costa, Greggs.
The business – what it does and what it can do
This existing business which was established around 50 years ago by the
current owner, is now available due to intended owner’s retirement.
The business operates in three principal area, being: -
\ - Engraving of a range of metal, plastic and glass objects – trophies,
plaques, tankards, property, door and desk signs etc.
\ - Key cutting
\ - Range of other gift item, allied to the above
The current customer list, for engraving, is particularly large, with much
repeat business experienced from the likes of schools, institutions, sports
clubs and others, stretching over a number of counties. The same clients often
use the key cutting service, which is perhaps more diverse and capable of
greater competition than others. The owners receive a most attractive personal
net income from this business, based off a turnover in excess of £100, 000 p. a.
In addition, there are three areas of potential expansion, being: -
\ - Online sales which by far has the biggest potential
\ - Sales as a consequence of being affiliated with another business, such as
jewellery, possibly shoe repairs
\ - Sales from additional lines of giftware
**Fixtures and fittings/assets to th ebusiness
**
Apart from currently having a well fitted retail area, the business includes a
range of engraving machinery, general allied equipment, furnishings and the
key cutting machinery. There is a web site, which as previously mentioned,
does not currently accommodate online sales.
Annual sales turnover and profitability have been consistent over the years.
Turnover/profitability/mark ups can be provided to seriously interested
parties.
Leaseholdp premises (or the buisiness could be relocated)
The ground and part first floor of an attractive period, building, with
particularly strong prominence along oncoming traffic along Leg Street, with
plate glass display with offset entrance, which allows for potentially for a
particularly wide display of window items.
Ground floor sales of approximately 300 sq. ft.
Ground floor workshop/storage space approximately 230 sq. ft.
Cloakroom -
First floor office of approximately 75 sq. ft.
Total commercial area approximately 605 sq. ft. / 56. 20 m. sq.
Terms of offer, lease and price
The premises are offered to let as part of the sale of the business at a rent
of £10, 000 p. a. Exclusive, with other terms to be discussed.
A price in the region of £50, 000 is asked. For seriously interested parties,
please enquire further to the agents for the asking price of this business.
Stock at valuation on the day of handover.
Alternative, the business can be sold without the premises.
**Business rates
**
The building has a rateable value of £5, 700, and interested parties should
speak to the Local Council – Shropshire Council on, to ascertain what level of
business rates will be applicable. Concessions may apply.
** _EPC rating_ \ - **
Rating ‘D’.
**Viewing
**
Please contact the agents: Celt Rowlands & Co. On or
during viewings of the premises, intested parties are asked to be discreet and
maintain confidentiality.

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