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£0 £1000000

Wrought Art Derby Derbyshire DE24 8SP

Derby, Derbyshire

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£22,950 +SAV

Ref: 2757

Leasehold

Overview

Hilton Smythe welcomes to the market Wrought Art, originally founded by our client over 45 years ago. The business has a loyal client base established from the outstanding reputation of the quality of workmanship and benefitting from many word of mouth recommendations. Wrought Art are a steel fabrication concern specialising in the manufacturing of products such as wrought iron gates, railings and fences. The business currently reports a turnover in the region of £24,742 with a gross profit of circa 22% due to our clients impending retirement, however in previous years the business reported a much higher turnover in the region of £60,000. The workshop is fully equipped with all the essential tools of the trade. Revenue is derived from the businesses excellent reputation with no advertising currently undertaken, we are advised that our client is currently turning work away due to him being a sole trader. We believe any new owner can easily rebuild turnover by employing staff to meet demand and embarking on a modest marketing campaign to further awareness to new customers. Early viewing of the long established and reputable concern is highly recommended.

Turnover
The business currently reports a turnover in the region of £24,700 with a gross profit of circa 22%.

The business is solely run and managed by our client.

The business opens:-Monday to Friday 9.00am – 5.00pmSaturday and Sunday closed.

The business is located in the City of Derby in the East Midlands. Wrought Art is located within a large well-known commercial/industrial area on the outskirts of the city surrounded by a plethora of complementary businesses. The area is served by several arterial and commuter roads, including the A52, A5111 and A6 providing excellent road links to the city centre, M1 and national motorway network beyond.

Fully equipped industrial unit on secure compound briefly comprising:- Spacious work space with assorted cutting benches and racking.Internal stairs to storage areaOfficeToilet facilitiesRoller shutter door to main area with additional entrance door to office.Parking InventoryGas welding torch2 x Welding tables1 x Bench Grinder single phase1 x Bench Grinder three phase1x Bender1 x Bar Twister1 x Pipe Bender (up to 75mm)1 x Bar roller1 x Pallet truck2 x Bench with vice1 x Pinnacle pillar drill1 x Milling machine1 x Startrite band saw1 x Chop saw2 x 3 phase ESAB A10-160k Welding machines1 x Honda welding generator2 x Space heatersRacking system6 x Angle grindersBosch DeSouter110 v and 240v drills variousMetabo 110v hammer drills Stock at value

Tenure
We are advised leaseholdOriginal lease length is 3 yearsReviewed every 3 yearsRent is £8,000 per annum.

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