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Fully Fitted Joiners Workshop In Witney For Sale

Witney, Oxfordshire, UK
Asking Price:
£100,000
Turnover:
Available on request
Net Profit:
Available on request

This is a rare and exciting opportunity to acquire a fully fitted and equipped Joinery Shop which was established by our client in 1984. Due to the development of other non-related business interests our client has scaled down the business over recent years and stopped taking new orders towards the end of 2021. There is certainly the potential to build on the excellent reputation developed by the vendor, who is also the landlord of the premises involved.

Key features:
- Business originally established 1984 by the vendor/landlord
- Potential to build on past excellent reputation developed by our client
- Very high equipment specification - available to purchase outright or by instalments over a five-year period involving quarterly or monthly payments
- Equipment installed within the unit with a view to ensuring a smooth workflow
- Any stock of raw materials in place at the date of legal completion to be included in the sale
- Located within 4,527 ft.² light industrial unit on outskirts of witney Oxfordshire
- Three phase electricity supply with substation installed by the landlord at a cost of £21,000. full ventilation system fitted
- New lease available for a flexible term – commencing rental £35,000 per annum
- Exciting business opportunity - ideal for a skilled joiner(s) to develop a thriving and profitable business
- Internal inspection strongly recommended with all viewings strictly by prior appointment through Business Partnership

Property Information

Property:

Leasehold

Lease Terms:

Our client owns the freehold premises and is prepared to grant a new lease on the ground floor lock up area for a flexible lease term, at a commencing rent of £35,000 per annum, exclusive business rates. The lease will be granted on fully repairing and insuring terms and will be subject to periodic rent reviews.

Subject to the status of the assignee, the landlord may request a rent deposit equivalent to 3 or 6 months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Situated on an industrial estate on the outskirts of Witney Oxfordshire.

Premises Details:

The light industrial unit approximates 4,527 ft.² overall, located at ground floor level and situated on an industrial estate on the outskirts of Witney Oxfordshire.

Size in square feet:
4,527

Business Operation

Reasons for selling:

Development of other non-related business interests