Swindon Tool Fixings & Welding Supply Business For Sale

Business description

BUSINESS:
The business deals in the sale of tools, fastenings and welding consumables to both trade and private customers. The vendor has been in the trade for 25 years and established this business 5 years ago.

Goods stocked include:

• Quality hand tools
• Power tools
• Lubricants
• Paints
• Adhesive
• Storage solutions
• Welding equipment
• Safety wear
• Fixings including non-standard sizes

Throughout the year there are promotional catalogues and special offers to maintain interest and encourage repeat business.

YEARS ESTABLISHED:
5 years

TRADE:
Figures for 31 March 2009 show a turnover of £147,817 which is consistent with the previous year.

REASON FOR SALE:
Vendor wishes to pursue other ventures

STAFF:
1 full time and 1 part time member of staff with the owner largely working in the morning

BUSINESS PREMISES:
This is a ground floor leasehold lock up shop with high street prominence and comprises of; a showroom, storage area and staff facilities. There is plenty of space at the rear for deliveries and staff parking.

The showroom is approximately 9.14m x 4.46m with a large area of glass fronting the high street and secured overnight by means of a steel roller shutter. There are a variety of wall and island display units providing the opportunity for purchasers to browse the extensive range of items stocked and a large counter area clad in deck plate for that industrial look. Behind the counter to one side is a small kitchen area and staff toilet, and to the other is a store room measuring approximately 9.6m x 3m at the widest point equipped with steel racking.

To the rear of the premises is access to the two bed roomed self contained flat, which is available along with the freehold by separate negotiation and access to a number of parking spaces. There is also the opportunity to purchase a sign written Mercedes van which is capable of carrying 8’ x 4’ sheets of plasterboard and 3m lengths of stud.

DESCRIPTION OF PROPERTY & ACCOMMODATION:
There is the opportunity to purchase the freehold of both the shop and first floor flat which can either be used as owners’ accommodation, or as is currently the case, let on an AST.

On the first floor there is a 2 bed roomed self contained flat which is currently let on an assured short hold tenancy agreement and available separately or in conjunction with the business.

TENURE:
The vendor currently has the freehold of the entire premises and is prepared to sell the business only with an appropriate lease agreement being drawn up, or sell the freehold along with the business.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.

LOCAL AUTHORITY:
Wiltshire Council

SERVICES:
Mains electricity, water and drainage

COMMENTS:
An ideal opportunity for an owner manager to purchase a well established and reputable supplies business in this Wiltshire town with the added benefit of strong local relations with engineering firms and manufacturers. If interested, there is also the opportunity of purchasing the freehold which would add to the value overall due to the rental potential, or alternatively provide convenient owners accommodation.

GUIDE PRICE:
£59,995 for the business and an additional £210,000 for the freehold premises.

VALUE OF STOCK:
Available on request

Property information

Property:

Freehold