Dance & School Uniform Manufacturing Business in South London For Sale

Business located, excellent trading position, Industrial Estate, SW LONDON

Turnover £ 5,000
Price £99,500

Features

Dance Wear & School Uniforms Manufacturing and Retail Unit

PREMISES 1,249.3ft² (116.06M²)

5 DAYS OPENING

WELL ESTABLISHED nearly 30 years a dancewear manufacturing business, making dance school uniforms. Experts on performance Tutus making, export to USA. Speciality on making theatre, makers for TV advertising & theatres, movie costumes. Also making sportswear, yoga & pilates. With a motivated team of designers and cutters, cutters manufacturing high quality garments for customers worldwide.

Ground floor 624.6ft² (58.03M²) consists of cutting area, large rooms uses for storage.

Staff toilet with w.c. and wash hand basin.
Kitchen

Downstairs 2 cutting tables

First Floor 624.6ft² (58.03M²), Shelving, 20 sewing machines, 3 large cutting machines, large tables

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by a husband & wife team with 3 full time & 5 part time staff.

Trading Hours

5 Day week
MONDAY - FRIDAY inclusive 9am - 5pm

Outside

Parking space for 3 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 3 years in 2020 with reviews every 3 years (next review 2023) at a current rent of £22,500 p.a.

Business Rates from April 2020 £7,000 approx. payable (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£80,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote