SOLD > CONFIDENTIAL SALE > Norfolk > East Anglia

CONFIDENTIAL SALE: Long-Established Curtain & Blinds Manufacturer and Retailer based in Norfolk, East Anglia. This thriving business comes with a leasehold tenure, with a new lease to be negotiated for the purchaser.

Enjoy the benefits of a well-regarded business with an on-site showroom, impressive profit margins, and a bespoke design service that caters to both private and commercial clients. Whether as a standalone business or a strategic acquisition for expanding operations, this opportunity offers solid turnover with potential for growth, backed by a loyal customer base of recommended and repeat clients.

The business model is flexible, allowing for either direct, hands-on management or a more supervisory, hands-off approach. Tailor your involvement to suit your lifestyle and business strategy, making it a versatile investment for any entrepreneur.

PREMISES:

The business operates from a well-equipped showroom and manufacturing facility in Norfolk. The premises provide space for sales, manufacturing, and customer consultations.

ACCOMMODATION:

There is no residential accommodation included with the business.

KEY INFORMATION:

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL SALE: This listing is confidential at the vendor's request. In order to release further information on the business - including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.

REFERENCE NUMBER: MF35964E.

OPENING HOURS: Monday to Friday 9:00am to 5:00pm. Saturdays 9:00am to 1:00pm.

TENURE: Leasehold. The lease is now held on a rolling basis and the sale of the business will be subject to a new lease being agreed between the parties and landlord. Indicative terms for the lease provide for a full repair and insuring lease for an initial 5-year term with an option to take a further 5 years, and with the benefit of a 3-year tenant-only break clause.

The purchaser will be responsible for the landlord's costs and fees in connection with the grant of a new lease.

RENT PAYABLE: The indicative terms provide for a starting rent of £26,000 per annum exclusive in year 1, £30,000 per annum exclusive in years 2 & 3, and £36,000 per annum exclusive in years 4 & 5. If the option to take a further 5-year term is taken, then the initial rent in year 6 will be £40,000 per annum exclusive. VAT is payable in addition on the rental figures stated. In addition, a rent deposit will be required of either 3 months' headline rent with a personal guarantee or 6 months' headline rent without a guarantee.

RATES PAYABLE: The Business Rates statement for 2024 shows an amount payable of £3,149.94 for the year.

This information has been provided to us by the vendor, and any interested party is advised to enquire with the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: At the time of writing, the business employs 12 staff, with 10 of these on a full-time basis split between Sales in the showroom, Out Sales, Fitters, and Manufacturing in the workshop. In addition, there is one self-employed team member within the manufacturing department.

EPC: The Energy Performance Certificate for the property shows a 'B' Rating with a score of 46.

PRICE: £335,000 + STOCK AT VALUATION.

For the benefit of the goodwill of the business, fixtures, fittings and equipment and subject to a new lease being granted in favour of the buyer. Stock is payable in addition at valuation on completion. This is a business for sale as a going concern.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.

DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.