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Accounts Available Year End 31st August 2020
Annual Turnover £334,794
Gross Profit £193,372
Accounts Available After Viewing
Strong Social Media Following
EPC - D
Blacks Brokers are pleased to bring to the market this leasehold well established fireplace manufacturing business located in Reddish, Stockport, Cheshire.
20th Century Fires Limited has been trading since 1989 and moved to Vesta Works on Gregg Street in 2008. Since opening the business in 2012 our client has generated a huge amount of goodwill and has built upon an enviable reputation within the local area. The business also has its own website and has a strong social media audience.
Situated on Gregg Street at Vesta Works the business benefits strong motorway links with the M60 just one mile away and Reddish and Heaton Chapel train station just two miles away. Overall the location is ideal with close links to Manchester and Cheshire.
REASON FOR SALE
This opportunity has become available due to our clients retirement plans. Therefore the business has been placed on the open market at this appealing price point and would ideally suit a buyer who is currently working in a similar trade as this would make an ideal ‘bolt-on’ business.
The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. A new five year lease will be granted to the new owner at a rent is £48,000 per annum which represents excellent value for such a prime location property.
BUILDING LAYOUT AND DESIGN
The business operates from this two storey detached building with a large car park to the front that has enough space to easily accommodate up to eight vehicles. The main entrance opens up into a corridor with a showroom, toilet and large warehouse factory with a mezzanine floor. There is a goods in / out area and two sets of stairs leading to the first floor.
On the first floor there are three showrooms, two toilets, kitchen, staff room and two large offices.
The building is 100% commercial with no living accommodation at all. The building is fully gleamed and benefits from central heating.
The owner is supported by three full time members of staff and four part time staff members with all personnel serving over two years providing continuity to customers once a sale completes.
Currently the business is trading strongly and can show turnover Y/E August 2020 of £334,794 with a gross profit of £193,372 and a pre-tax net profit of £67,072
The building has rates payable of £1200 per month.
The business does not actively advertise as there is no requirement to do so, 85% of the customers come through the businesses website and the rest is repeat custom offering a new owner a database of loyal customers.
This business is thriving and offers a new owner a fantastic opportunity to build upon the business by actively marketing and increasing its social media presence to attract new customers. The business shows a steady revenue flow each year and with a well experienced and knowledgeable staff infrastructure in place this does make an excellent business for a new owner to operate alongside a similar business. Early viewings advised.
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