Engraving Business & Flat For Sale

Business description

HIGHLIGHTS:

• Established and Profitable Engraving Business
• Freeholdshop with self contained 3 bed apartment on 1st and 2nd floors
• Letting income of £9,000pa from summer and winter lets
• Finance available subject to status

BUSINESS:
The vendor has been operating this established engraving business for approximately 13 years.

The business makes a wide range of signs – metal, glass, acrylic & plastic.

Trophies, medals, tankards, cups, commemorative glassware and brass plaques are sold. There is a computerised system for engraving the above.

Customers include clubs, the public and local businesses.

The business benefits from have having a good range of engraving and sign making equipment.

TRADE:
The engraving business generated sales of £51,193 in the year ended 5/4/08 and activity continues to be strong. Gross margins are high (84.5% 5/4/08). With low running costs the business produced abridged profits of £32,679 in the year.

In addition to this, letting income from the self-contained apartment is achievable from holiday letting during the summer in combination with a long winter let.

Please note that if a business is VAT registered, all figures exclude VAT.


STAFF:
The business is run by the vendor.

HOURS:
Tuesday – Friday 9.00am - 5.00pm
Saturday & Sunday closed
Mondays on-site work, if necessary

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

The premises include the following :
Retail Area; Preparation Room; Workshop; Cloakroom.

Entrance to the shop is through a central door, placed between two display windows.

Retail Area: 4.98m x 3.95m

Includes a number of display showcases, counter, and small admin area with computer system.

Preparation Room: 3.80m x 5.00m

Workshop: 3.60m x 1.40m

Cloakroom: With basin and WC.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)

The apartment is currently let for holiday lets during the summer months, normally from July until September. It is then available as a winter let, from October to June. The agents are informed that this can produce an income of around £9,000 p.a. Alternatively, the apartment is suitable for the use of a new owner.
The apartment has been fully refurbished and upgraded ahead of the 2009 holiday season. This has included a new roof on the property, replacement of all internal doors, full redecoration, new carpets and furnishings. It now present very attractive and flexible accommodation .

It is ideally located on the edge of the town centre with all its amenities, yet only one minute away from Weymouth’s safe sandy beach and is fully self-contained.

The accommodation is arranged over 2 floors. On the first floor there is a large bright lounge, separate kitchen/diner and bathroom. The second floor is comprised of 3 bedrooms and has sleeping for 8 persons arranged as follows: double divan and two bunk beds, 2 single divans and 2 bunk beds (Bunk beds are 6’3” x 2’6”).

The apartment is fully furnished and equipped and includes a colour television, fridge, microwave and toaster as well as all crockery, cutlery and other basic contents likely to be required by guests.

First Floor:
Lounge: 5.05m x 3.78m
Kitchen / Diner: 3.83m x 3.40m


Bedroom 1: 3.85m x 3.45m

Bedroom 2: 3.75m x 2.45m

Bedroom 3: 2.13m x 2.75m

Bathroom:

OUTSIDE:
Shared yard to the rear of the premises, giving access to the apartment.

Two parking permits are held for the property.

TENURE:
Freehold

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.

RATES:
The rateable value of the business premises is £4,650 with rates of £1,064.85 payable in 2008/09. The residential accommodation falls into Band B for council tax purposes.

SERVICES:
We understand from the vendor that all main services are connected to the property.

COMMENTS:
A very well established business, close to the town centre and sea-front in this popular South Dorset town, which will be hosting the yachting events in the 2012 Olympics.

This is a relatively simple business for a practical owner/manager with computer skills. Prior knowledge of this type of business would be an advantage but is not a pre-requisite.

The sale includes all the equipment currently used by the vendor, together with the appropriate software.

GUIDE PRICE:
The vendor is seeking £239,500 plus stock at valuation, for the freehold, business goodwill, fixtures, fittings and equipment, subject to inventory.

STOCK:
The vendor informs us that the value of the stock is approximately £8,000.

Property information

Property:

Freehold

Living accommodation:

3-bedroomed flat

Location:

Dorset Coast