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Norwich - Specialist Plaster Mouldings For Sale

Norwich, Norfolk
Asking Price:
£175,000 Furniture / Fixtures included
Turnover:
£400,000
Net Profit:
£50,000

Established Since 1987
Annual Turnover £400,000
Gross Profit 45%
New Lease Negotiable
Ran Under Management
EPC - E

REF 5818 – Leasehold Specialist Plaster Mouldings Business

Blacks Brokers are proud to bring to the market this leasehold plaster mouldings business located in the Norwich, Norfolk.

INTRODUCTION

Norwich Interior Mouldings has been trading on Hurricane Way since 1987 and during that impressive trading history, it has firmly established itself within this business sector gaining a large, corporate customer base and excellent reputation. The business offers the manufacture of ornate ceiling mouldings typically for listed Georgian & Victorian buildings. This includes remaking to match existing designs in addition to offering the bespoke design and manufacture of new designs.

LOCATION

Located on Hurricane Way, Norwich, the business is well-positioned within a large, well-known industrial estate with good access to local motorways and the surrounding area of Norfolk.

REASON FOR SALE

Norwich Interior Mouldings is only being offered for sale due to a change in our client’s personal circumstance.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The lease will be negotiated with the completion of this business sale. A freehold proposition may be considered, if preferred.

BUILDING LAYOUT AND DESIGN

Norwich Interior Mouldings is housed within a large, detached building sitting in its own grounds. Clear signage and branding is displayed to the front of the business and there is a large parking area to left side of building.
Inside, the unit is set out with offices and showrooms at front of building accessed via front door. The factory floor is accessed internally and is set out for the stages of manufacture with large shutter door to car park and yard. The manufacturing process also involves a self-contained drying room with is heated by large, industrial heating equipment with full ducting in place and electronic temperature controls. The unit also houses a cloakroom and small kitchen area. This is a very good-sized unit in good condition and all fixtures, fittings and equipment are included in the business sale. This includes; furnished offices including desk & chairs, filing cabinets, telephone & computer systems in addition to one calor gas powered fork lift truck, a Mercedes Sprinter and two vans - both sign written and branded.

STAFF

Norwich Interior Mouldings is currently operating with seven members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Norwich Interior Mouldings has traded solidly over its trading history. The business generates an annual turnover of £400,000 with gross profits of 45%. Zero rates are payable for this property.

SUMMARY

This is a superb opportunity to acquire a long-standing and well-known business with a large customer base including the maintenance of Sir Phillip Greens property portfolio in addition to Harrods, Portman Estates and numerous London property companies. This proposition may be of great interest to another similar business looking for instant expansion.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri - 8am - 5pm
Sat & Sun - Closed

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