| (REF: HW1319) F/Hold Digital Print, Copy And Design Studio In N Hants |
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| Seller Reference: |
HW1319 |
| B4S Reference: |
27858 |
| Asking Price: |
£550,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£303,387 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Undisclosed, Hampshire, United Kingdom |
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The business is situated in a busy commercial suburb of Farnborough. Approximately 30 miles south west of London, Farnborough is close to the Surrey and Berkshire borders. North East Hampshire is undergoing major regeneration.
The town makes up the larger part of the borough of Rushmoor, situated in the heart of the Blackwater Valley. There are good
communication links to other parts of the UK with both the A3, M3 and M4 motorways close by. Farnboprough's main line
station offers frequent services to London (Waterloo). North Camp station offers a direct link to Gatwick Airport. Nearby is
Farnborough Aerodrome, a business aviation centre and major employer. A number of internationally, well-known companies
have chosen to locate within the Borough including British Aerospace, Nokia, Thomson Directories, IBM, Zurich Municipal,
NTL, CSC, Boots and BOC. The desirable residential areas of Farnham and Guildford are also nearby.
Rushmoor provides an excellent environment in which to live, with a wide choice of leisure facilities, forest walks, good
quality housing and easy access to London, the New Forest and the South Coast. The Blackwater Valley and Blackwater Canal
offer enthusiasts angling, water sports, golf, cycling and horse riding. In addition there is the well-equipped Alpine Snowsports
Centre in Aldershot which offers three dry ski slopes. There is a wide choice of indoor entertainment with the nearby Princes
Hall, a venue for a wide variety of entertainment including music, dance, comedy, mainstream stage shows and rock concerts.
The population of the borough is 90,000 with access to an available working population of 1million within a 30 minute travel-time radius.
BUSINESS:
A family-owned, full service digital printing business established by the Vendor 20 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; Book-binding and Graphic Design.
BUSINESS PREMISES:
(all sizes are approximate and 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 and 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.
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 and Booklet Maker
G B C Magna Punch
Filepecker - 4 Hole Drill
Epson Pro 7600 - Poster Jet
CLC ir7105 - Black and 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
RATES:
The rateable value of the business premises is £6,600, with rates of £3,049.20 payable in 2008/09. .
NOTE:
This information has been obtained either from the current rate demand for the property, or by telephone from the local authority. 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 whether the rateable value remains correct 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 £282,802 for the year ended 31st March 2007. VAT Returns for the year ended 30th April 2008 show turnover of £303,387.
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, supported by one full-time member of staff.
STOCK:
The vendor informs us that the value of the stock is approximately £2,500.
The Duplo System 2000 - Collator and Booklet Maker
GUIDE PRICE:
The vendors are seeking £550,000 plus stock at valuation, for the freehold, business goodwill, fixtures, fittings and equipment, subject to inventory. The vendors will also consider offers in the region of £269,500 from buyers preferring to relocate the business.
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:
In addition to the freehold sale, the Vendor is also prepared to sell the business only, on a relocatable basis. Either way, here is an opportunity to acquire a profitable and established commercial print business. The Vendor has also secured Planning Consent to construct a first floor extension with a staircase over the single storey workshop (print area). There is also potential to create a separate front entrance to the first floor where residential accommodation could be re-instated.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
LOCAL AUTHORITY:
Rushmoor Borough Council Telno - 01252 398 398
INTERNET:
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 or Mandy on (023) 8025 3910
PLEASE DO NOT MAKE CONTACT
DIRECTLY WITH THE BUSINESS
APPOINTMENT TO VIEW
We will be pleased to make arrangements for you to view the property and business. All viewings must be by appointment, which we will arrange, following a brief discussion as to the potential buyers' financial position and their ability to proceed.
ALL NEGOTIATIONS MUST BE THROUGH THIS OFFICE
ADDITIONAL SERVICES
When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 50 years experience of the Business Transfer market, Adams and Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance and stock-takers, if required. Please telephone for further information.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The information contained herein relating to property matters was checked by Adams and Co, and was accurate at the time these particulars were originally produced. The particulars have been approved by the vendor, who has undertaken to advise us of any material changes which may occur. Such amendments have been incorporated as and where appropriate. However, since it is possible that further changes have occurred, of which we are unaware, we would recommend that prospective buyers take appropriate precautions to check anything, which is critical to their interest in this property.
Every effort has been made to ensure that the information, which does not relate to the property, (and is therefore not covered by the Property Misdescriptions Act 1991) is accurate. The vendor, who has approved the information detailed, has provided the data. However, as all businesses are constantly changing, the information contained in the sales particulars may not be as up to date as we might wish. Prospective purchasers are therefore advised to check the current trading situation at the time of inspection or, if necessary we can arrange for potential buyers to speak to the vendors by telephone, prior to making a commitment to view the business.
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase.
References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co has not had sight of the title documents. Buyers are advised to obtain verification from their solicitor.
All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.
You are advised to check the availability of this business before travelling any distance to view.
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Property: |
Freehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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