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EMBROIDERY BUSINESS SPECIALISING IN ALL MATTERS OF WORKWEAR OPERATING IN WEST SUSSEX

Worthing, West Sussex
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EMBROIDERY BUSINESS SPECIALISING IN ALL MATTERS OF WORKWEAR OPERATING IN WEST SUSSEXEMBROIDERY BUSINESS SPECIALISING IN ALL MATTERS OF WORKWEAR OPERATING IN WEST SUSSEXEMBROIDERY BUSINESS SPECIALISING IN ALL MATTERS OF WORKWEAR OPERATING IN WEST SUSSEX
  • Leasehold: £59,950
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

The embroidery and design business is located in West Sussex and only comes to the market due to the vendors wish to retire. The embroidery business was started just under 3 years ago and during this time has created an excellent reputation and solid client list. They offer an extensive catalogue of items which can be embroidered, including all items of workwear, bags, cuddly toys, etc. The vendors also offer bespoke design work for company logos which are digitised and then embroidered on the chosen garments. The software used to carry out this work is also included as part of the sale.

THE PREMISES: The business occupies a unit on a commercial estate in West Sussex and consists of two rooms. The first room contains a SWF four head embroidery machine which can have up to 15 colours on each head and makes 900 stiches per minute. There are also 2 Barudan single headed machines, which can use nine colours each and can also produce 900 stiches per minute. There is also a packing area to the side which includes a number of racks and benches. The second room is currently used as an office space and stock room.

There is also fully secure parking available for the vendors.

TURNOVER: At present the two vendors work full time in the business. The business trades between 8am-5pm Monday-Friday. Accounts are available upon request to any bona fide purchaser. The vendors are happy to offer a handover/training period as part of the sale.

TENURE: The business is located in a commercial building estate in West Sussex. At present the vendors have a rolling licence in place and pay £4,440 per annum plus VAT. The business could either be relocated or the landlord would grant a new licence to the purchaser.

RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: Solid customer base. The business premises are held on a licence. The business is relocatable. This business was personally inspected by the vendor sole selling agents. Offering a full range of products. The sale price also includes the website, digitising software and computers. Early Inspections Advised.

PRICE: We are instructed to quote for the goodwill, equipment, trade fixtures and fittings (including the website, digitising software and computers) Price reduction £59,950 SAV due to ill health.

LEGAL FEES: Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: Our client has been informed an EPC should be made available for this property.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING:

We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business

you may be considering subject to status.

Prop. Ref: 6620M

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:

  1. i)  View businesses registered with Watkins Commercial by appointment only.

  2. ii)  Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

  3. iii)  Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor etc. Bank, solicitor, surveyor accountant, etc.

  4. iv)  Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

  5. v)  Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which

    seek to preclude, or are contrary to the interest of Watkins Commercial

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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