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Reference M5132
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
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