Property description

BUSSINESS FOR SALE: The Sign Factory was established in 1975 and has been a family run business ever since, dedicating itself to Craftsmanship and an attention to detail. Specialising in the design, manufacture and installation of exterior signage and interior display and advertising for SME's. The business provides intelligent bespoke designs for their Clients business needs. It is one of Southend's longest established sign companies, offering a full service from design to installation.

Turnover

The accounts of the business for the period 1st April 2012 to 20th May 2013 show sales of £178,006, a gross profit of £115,610 and a net profit of £67,608. (These and the accounts for 2011 and 2012 will be made available to genuinely interested parties who can provide evidence of their financial position).

Location

The property occupies a bold corner position on the corner of London Road (A13) and Tankerville Drive Leigh On Sea Essex.

The property

The property to be let comprises the ground floor in a total of some 900 sq.ft. of a distinctive and impressive 2 storey building.

Sevices

Exterior & Interior Signs Vehicle & Window Graphics Banners & Health & Safety Signs Business Cards & Leaflets/Flyers Letterheads & Compliment Slips Large Format Prints Labels & Stickers Logo, Stationery, Sign & Website Design e-commerce Websites

Equipment

All trade fixtures fittings and equipment, including a magnetic (removable) liveried van, are included in the asking price.

Tenure

The landlord is willing to grant to the purchaser of the business a new lease for a term of years to be agreed, at a commencing rent of £8,500 per annum. Credit check/references will be required.

Business rates

The 2010 rateing valuation describes the property as Shop & Premises with a value of £4,800. Given this is below the current threshold, qualifying tenants will be entitled to 100% rates relief.

Works in process

The seller and purchaser will need to agree a value of any work in progress.

Legal fees

Each party is to be responsible for their own legal fees in relation to the sale and purchase of the business. The purchaser will be responsible for the landlords legal fees in relation to the lease.

Property Features :

• Business for sale
• Ground floor 900sq ft
• Trading
• Established over 40 years
• Fantastic location on A13