Wrought Iron & steel wholesale retail supplier to the metal gate, railing & welding trades

Coventry, West Midlands

Status

FOR SALE

Date Submitted:

26/09/18

Advert ID

228960
Leasehold: £50,000
Annual Turnover: £118
Annual Net Profit: £15,376

Wrought Iron/Steel wholesale/retail business supplying gate & railing components to the metalworking & welding trades.

Established 1995

Location: Coventry, West Midlands.

Leasehold Premises 1,500 square feet (leased from Coventry City Council) with new lease option available to the new business owner.

Rent: £6490 per annum.

Rates: zero (small business rates relief)

Shuttered frontage with parking for three vehicles & access for loading/unloading via forklift. General car park for Industrial Estate patrons & visitors is situated directly facing the premises.

This well-established business has operated successfully within the decorative metal supply trade for the past 23 years earning a profit every year. Fixtures & fittings include a Lansing Bagnell battery-powered forklift with charger, heavy duty shelving racks, mezzanine flooring, abrasive wheeled metal cutting chop saw, bench mounted pillar drill, shot blasting machine, compressor, two fly presses, two packing tables, industrial warehouse ladders, sack truck & various another tooling.

Purpose built office containing desks, chairs, filing cabinets, computer, monitor etc. which are all included in the asking price as is our stationary stock & 1,500 of our 40-page brochures. Our customer base, supplier details & contacts are all contained on the computer on a “Quickbooks” accounting package & our website www. Georgesiron. Co. Uk would be transferable to the new owner.

Retail value of current stock £175,000

2017 Turnover £118,343

2017 Gross Profit £15,376

The good loyal customer base.

Retirement & illness forces sale. This business has been valued as worth between £80-£130,000 & will be sold totally DEBT FREE.

Listing Details
Key Features
  • Established Business
  • Small Business
  • Company for Sale
  • Accounts Available
  • With Car Park
  • Price Reduced
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