Decorative Wrought Iron & Steel Wholesale business based in Coventry for sale
Wrought Iron/Steel wholesale/retail business supplying gate & railing components to the metalworking & welding trades.
Location: Coventry, West Midlands
Leasehold Premises 1,500 square feet (leased from Coventry City Council) with new lease option available to new business owner.
Rent : £6490 per annum
Rates: zero (small business rent relief)
Shuttered frontage with parking for 3 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 chopsaw, bandsaw, bench mounted pillar drill, shotblasting machine, compressor, 2 fly presses, 2 packing tables, industrial warehouse ladders, sack truck & various other tooling.
Purpose built office containing desks, chairs, filing cabinets, computer, monitor, fridge, microwave 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 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
Good loyal customer base
Retirement & illness forces sale. This business has been valued as worth between £85-£130k & will be sold totally DEBT FREE