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Relocatable Well Established Architectural Ironmongery Business For Sale

Doncaster, South Yorkshire
Asking Price:
£275,000 Furniture / Fixtures included
Turnover:
£360,000
Net Profit:
Available on request

2018 increase in sales will result in projected turnover of £360,000 inc vat

Operated from the same area for over 12 years however very easy to relocate.

Sale price + SAV - stock approx £40k,

Longstanding specialists fully equipped Architectural Ironmongery business including showroom and workshop, with genuine scope for expansion / development.
Currently located in North Lincolnshire.

Originally set up in the 90s with a core loyal customer base. This pre-internet business thrived as a traditional mail order company and had an excellent reputation and became the go to place for handforged ironmongery. With a swift transition in to the on-line e-commerce market we became one of the leading online period ironmongery specialists. We have gained page 1 organic search ranking and top rated Ebay status.

Since buying the business in April 2006 we have transformed the business to become one of the leading Architectural Ironmongers in the UK, with a strong focus on e-commerce and having one of the oldest domain names in the business. This profitable business has gained an excellent rapport with both our UK and overseas customers.

We have built a reputation for offering accurate and honest advice. Proud to be known as the company that specialise in handforged ironmongery. However, in more recent years our product offering has moved with the times and we now offer a vast range of hardware including all of the latest and fashionable brands such as Finesse – Croft – Kirkpatrick – Stonebridge – From the Anvil to name a few.

Our business sets itself apart from competitors by being hands on, listening to the needs of customers and offering a bespoke service. There is scope to increase this which could be developed in-house or out sourced.

We also have key suppliers worldwide and have developed an exclusive successful collection of quality imported Ironmongery that achieves a healthy profit.

Easily run as a family business.

Reason For Sale : Owners retiring.

Established: 1994
Current Ownership: 2006 as a LTD company

Operated from 2 adjoining modern factory units, 1500sq’ with 8 rooms / work areas / Office / Showroom / Packing / Kitchen / WC’s. 50% is also covered by a mezzanine. Parking for staff / customers is located directly outside the building.

Low Rent: £655pm

Lease: 1 year rolling lease.
Business Rate: £0 (at present qualifies for business rates relief, zero rated).
Insurance : £1300 pa

Staffing: Currently run full time by the 2 owners and 1 x part time book keeper.
Sales price includes all aspects of the business plus display fixtures and fittings, Display boards, stands, counter, shelving, racking, desks, Blacksmith tools related to the business Anvil Tongs Forge etc, computers, alarm, CCTV, signage.
Included in the sale we will hand over all supplier information including exclusive deals.

Stock + - £40k.

This is a fantastic business / lifestyle opportunity that would be perfect for a small team with an interest in Ironmongery - Interiors - building – DIY
Relocatable? This business could also easily integrate within a larger organisation, such as a building supplies etc. Having the business in house could be a fantastic opportunity as costs are incorporated and our customers are able to take advantage of your product offering.
Blacksmithing in not an essential part of this business, however the amount required can easily be learned in a short time span and opens more doors.

Sales are generated through
Web Site with + - 6000 products and 25000 variations.
Ebay Shop 500 products, excellent growth area.
Trade Shows, NEC Home building & renovating shows.
Showroom - Local business is increasing
Resellers - Trade accounts
20 years worth of monthly adverts within Period Living magazine plus many more.
Google PPC + Mailchimp advertising
Highly developed organic listings
Social Media
There is much potential to increase turnover by offering 30 day accounts, developing local business and enhancing the mobile website and social media, expanding the range, endless opportunities.
No direct competition with most brands in the area.

Suppling top quality hardware:-
Door knob & Lever handles
Door hinges
Knockers
Letter Plates
Hooks
Window Furniture
Lock and latches
Curtain Poles
Lighting Electrical Switches and Sockets
Stair rods

Tenure: Leasehold ( easy in / out lease ).

Support & Training:
The current owner is prepared to work with the buyer to bring them up to speed with the business requirements and ensure a smooth handover. Within an agreed timescale.

Trading Hours:
8am ~ 5.30pm Monday to Friday, weekends by appt.

Number of Employees: 2 Directors plus 1

Tenure: Premises leasehold

Support & Training: On site training offered

Location Details: Close to motorway network
1 hour from York - Lincoln - Leeds - Sheffield - Hull - Harrogate
20 mins Doncaster Airport
20 min Doncaster railway

Is this business relocatable: Yes

If interested please contact the seller through the form.

Property information

Property:

Leasehold

Lease Terms:

No tie

Leasehold Rent:

£7,860 per annum

Location:

Established Industrial trading estate.

Premises Details:

Modern Industrial unit, 1500 sq', plus additional mezzanine, newly decorated, new carpets, new electrics. end unit overlooking grass area. there are 8 rooms within the unit neatly dividing the workshop from the stock and showroom, office and packing areas. Parking outside for staff and customers, main entrance plus 2 roller shutter doors + 2 fire doors.
Alarm + CCTV. additional security guard available at a monthly rate.

Business Operation

Expansion Potential:

Open weekends
Offer 30 day accounts
Trade re-seller accounts

Competition / Market:

No immediate local competition.
Online - offering our own brands and bespoke items allow us to compete at the highest level, we have 100% focus by only selling ironmongery, this means we know the market and have good growth with our regular and new business alike.

Reasons for selling:

Retirement.

Trading hours:

8am to 5.30pm Monday to Friday

Employees:
3
Years established:
24

Other Information

Support & training:

Full hand over support and training offered, timescale to be agreed and time of sale.

Furniture / Fixtures value:
£16,000 - included in the asking price
Inventory / Stock value:
£40,000
Website:
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Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

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