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Well Established Embroidery Business in Derby

Derby, Derbyshire
Status
FOR SALE
Advert ID
203264
Reference
5766 / Rightbiz
0161 763 5000
Freehold Price: £165,000
Annual Turnover: £73,686
    Established Since 2000

    ** Audited Accounts 2018**

    Annual Turnover £73,686

    Gross Profit £37,905

    2 Bedroom Accommodation

    Closed Sunday / Open Saturdays When Required

    EPC - C

Description:
REF 5766 – Freehold Embroidery Business
Blacks Business Brokers are proud to bring to the market this freehold embroidery business, located in Derby.

INTRODUCTION
Prestige Embroidery has been trading since 2000 from 68 Monk Street. During that impressive trading history, the business has firmly established itself within the local community, gaining a large customer base of many regular customers. The business offers a range of embroidery services and solutions from this large and well positioned property.

LOCATION
Derby is a popular and densely populated city in Derbyshire. The area is well linked by the A6 and A38 with good public transport links available. The business is positioned on Monk Street, this is a busy area close to the town centre, with a mixture of both residential and commercial properties nearby. The business also operates online through its website www.prestige-embroidery.co.uk

REASON FOR SALE
Prestige Embroidery is only being offered for sale due to personal circumstances.

BUILDING LAYOUT AND DESIGN
Prestige Embroidery is housed within the ground floor a spacious, single fronted terraced property. Clear branding and signage is displayed to the front of the property. Inside, the main shop floor and workshop are combined and well presented, with a good amount of equipment in place and good quality fixtures and fittings. To the rear of the ground floor is a private office area used for admin and a store room.On the first floor is a well presented accommodation, comprising of two bedrooms, living room, kitchen and a family bathroom.

STAFF
Prestige Embroidery is currently operating with only our client in employment.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Prestige Embroidery has traded solidly over its trading history. The business generates an annual turnover of £73,686 with strong and consistent 48% gross profits and zero rates payable. Most customers are from the local area, with much trade from repeat customers and word of mouth recommendations.

SUMMARY
This profitable and unique business has been established for 17 years, producing bespoke embroidered garments for a list of clients from schools, sports clubs and the workplace to Stockbrook Colts FC and Derbyshire County Cricket Club as well as individual one offs for special events and celebrations. There is plenty of scope to develop the business further and there are even more income opportunities through an online presence and marketing drive in addition to the acquisition of contracts with local workplaces and businesses.The freehold property is ideally located close to the centre of Derby and has a good sized two bedroom accommodation on the first floor.Early viewings are advised.

Fixtures & Fittings:
Barudan 15 needle computerised embroidery machines x 2 and 9 needle x 1
Roland versa studio sign maker printer x 1 for multi coloured transfers
1 x Heat Press
1 x Graphtech transfer cutter; for single colour transfers
Fully equipped and computerised office


Opening Hours:
Mon - Fri - 9am - 5pm Sat - When RequiredSun - Closed


Listing Details
Location: Derby, Derbyshire
Marketed By: Blacks Business Brokers Limited
Sector:
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Advert Reference: 5766 / Rightbiz

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