Asking price: £425,000

Sales revenue: £383,136

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Tarmaced car park for 6 cars plus no parking problems

Outstanding opportunity to acquire a Freehold Glazing Business situated in the centre of the Cotswolds and which has been in the same hands for the past 31 years. In our opinion the business offers terrific potential for further development in the right hands.

All types of glazing undertaken including windows, double and single glazing, conservatories, shop fronts, mirrors etc.

Full Gas Fired Central Heating

RETAIL SHOP/SHOWROOM for the display of doors, glass and mirrors

Rear office with desk
2 additional offices
Kitchen area
Cloakroom with w.c.

REAR DETACHED WORKSHOP approx. 2,500 sq. ft. including double glazing section. The equipment includes polishing machine, drilling machine, finger pull machine, arising machine.

DOUBLE GLAZING SECTION with washing machine, spacer bar machine, hot melt machine, double glazing table.

Included in the sale is 1 Citroen 02 plate van, 1 Vauxhall 02 plate van, 1 Combi Van approx. 10 years old plus 1 small 04 Ford van

Employees: At present the business is operated by the vendor with the assistance of his wife on a part time basis plus 5 full time staff employed. We are further advised that the current wage bill is approx. £1,700 p.w.

Trading hours: Monday - Friday inclusive - 8 a.m. - 5 p.m. Saturday opening - 9 a.m. - 1 p.m.

Property: Freehold

Lease terms
AS STATED THIS BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 31 YEARS AND THERE ARE GENUINE REASONS FOR SALE. OUTSTANDIN OPPORTUNITY TO ACQUIRE A PROFITABLE OLD ESTABLISHED FREEHOLD GLAZING BUSINESS IN THIS SOUGHT AFTER LOCATION. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Location
Residential and industrial area, GLOUCESTERSHIRE

Expansion potential
WE ARE INFORMED the sales for the 5 month period 31st March, 2009 to the 31st August, 2009 showed sales of £201,623 with a gross profit of 42.12% after wages. We are further advised that the sales year ending 31st March, 2009 showed £383,087 with a gross profit of £75,399 after wages and National Insurance of £126,130 providing a total gross profit of £201,529 before wages. We understand that the business operates in the Gloucestershier area, mainly Cheltenham and with a maxium of approx. 40 mile radius.

Reasons for selling
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £425,000 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Financing available
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT