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Digital Print Copy Design Studio In Hants For Sale

Farnborough, Hampshire
Asking Price:
£550,000
Turnover:
£183,990
Net Profit:
£44,687

BUSINESS:
A family-owned, full service digital printing business established by the Vendor 26 years ago. Fully-equipped with the recent addition of a state-of-the-art Eco-friendly Presstek Karat 46 Waterless Press. Services offered include large format posters; T-shirt printing; Bookbinding and Graphic Design.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
Prominent 3-storey end of terrace retail unit with rear
workshop and 2-bed flat currently used as offices total 843
sq ft with planning consent for first floor extension. Rear
loading access.
Ground floor
Main office 383 sq ft 35.58 sq m
Gents/Ladies WC & kitchenette
First floor
Office 2 199 sq ft 18.48 sq m
Office 3 74 sq ft 6.87 sq m
Second Floor
Office 4 117 sq ft 10.86 sq m
Office 5 70 sq ft 6.50 sq m
Total 843 sq ft 78.29 sq m
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
There is no private accommodation included with this opportunity although there is scope for conversion of the first floor accommodation for residential use. The vendor also secured Planning Approval from Rushmoor BC for a first floor extension in 2008.

EQUIPMENT INCLUDED
Karat 46 - Waterless Digital printing press
E BA 10/50 c n c - Guillotine
Morgana Rotary Numbering Machine
Morgana Folder
Duplo System 2000 - Collator & Booklet Maker
G B C Magna Punch
Filepecker - 4 Hole Drill
Epson Pro 7600 - Poster Jet
CLC ir7105 - Black & White Copier - Lease
CLC 5151- Colour Copier - Lease
Ricoh Afico 240w - Plan Printer - Hire Purchase
2 Apple Macs
4 PC's
Fast Bind Booklet Maker
Magic Touch T-Shirt Press
Plotter
Brother Stamp Creator Pro - Digital Stamps
A3 Laminator
A2 Laminator

TENURE:
Freehold

RATES:
In 2010 The Valuation Office assessed the rateable value of the business premises at £9,300.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
Accounts show Turnover of £183,990 for the year ended 31st March 2017 with gross profits of £140,491 and net profits of £44,687.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday - Friday 08:30-17:50

STAFF:
The Vendor and his daughter work full-time in the business and are supported by one full-time member of staff.

STOCK:
The vendor informs us that the value of the stock is approximately £3,000.

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.

COMMENTS:

This is a retirement sale creating an exciting opportunity for a new owner to build on the solid foundations laid down by the current owner over the past 26 years.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.

LOCAL AUTHORITY:
Rushmoor Borough Council.

INTERNET:
First time buyers of a business may find this Government
information website Setting Up In Business helpful.
Potential buyers wishing to find out more about the surrounding areas are invited to 'search' under 'FARNBOROUGH', where numerous sites are available for perusal, or specifically go to 'upmystreet.com' and use the post code 'GU14'.

VIEWING
If you wish to discuss this business opportunity in greater detail, or arrange an appointment, please call Nick on.

Property Information

Property:

Freehold

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