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Mixed Use for sale

Belvue Business Centre, Belvue Road, Northolt, Middlesex, UB5

£349,950
145 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,560 sq ft (145 sq m)

Key features

  • PRINTERS
  • REF 14239 j

Full description

Tenure: Leasehold

LOCATION
Star Print is located on the popular Belvue Business Centre in Northolt.

The business centre is conveniently located within 2 mins of the A40 which connects directly into central London and the M4 motorway.

There is a good mixture of complementary businesses and offices on the site, with the business benefitting from a minimum 6 customer car parking spaces directly in front.

Northolt is now a town located in north west London previously in the county of Middlesex and approx 11 miles northwest of Charing Cross.

The business in between the 2 main tube stations, Northolt and Greenford.

BUSINESS
Hilton Smythe are delighted to offer to the market Star Print, established by our client in 2001 and now offered for sale due to our client wanting to semi retire.

Our client provides top quality printing to clients throughout the UK and can offer high volumes of brochures, leaflets, booklets, folders, annual reports, letterheads, business cards, menu cards, flyers, posters, banners and can offer design solutions to help create a high-end finish and colour.

Our client predominately works within the commercial sector and is the preferred printer for ISS Facilities Management Company providing over 450 schools with temperature log books, hygiene forms and training booklets. Other key clients include the Pizza Express Group who task our client with all printing needs for 24 main London based restaurants including full printing requirements for menus, promotion leaflets etc.

Current workload is from a main list of 10 and from referrals only, there is no online orders which would add to current orders.

Our client also takes work from smaller high street printers such as 'Prontaprint' who maybe too small to carry out larger printing orders.

All work undertaken is payment on order at the moment. However, any new buyer may want to adopt a 30 day invoice payment period to attract additional clients.

Our client is developing a new comprehensive website, which will be going live in November and will be included in the sale.

Star Print currently only run on a daytime shift with a 100,000 leaflet printing capacity. We believe the business could easily double current turnover by introducing a night-time printing shift team, very popular in similar sized printers.

Digital printing is currently outsourced, but any new buyer may want to add this into the list of printing services on offer.

Our client is happy to offer an agreed handover period to assist with the smooth transition of ownership.

We are advised there is an option to move to a larger site on the same business park if any new owner would like to expand or add in their existing business.

PREMISES AND EQUIPMENT
Double height industrial unit with front roller shutter and side entrance, Circa 145sq m.

Main workroom includes a full inventory of machinery and equipment, please contact Hilton Smythe.

Separate office / storeroom

Staff kitchen area and toilet

TENURE
We are advised Leasehold.
A new renewable lease is available.
Rent is 21,600 pa

HOURS
The business opens:-

Monday to Friday 9.00am-5.00pm.

STAFF
The business is owner run and managed with the assistance of:-

Full time Designer
Full time Printer
Part time Finisher

FINANCIAL PROFILE
The business reports current turnover at 262,104, with a gross profit at circa 51%.

Assets are valued in the region of 200,000.



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