Textile Manufacturing for sale in Greater Manchester

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Leasehold Price: £235,000 Price Reduced Turnover: £260,000 Gross Profit: £54,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established textile manufacturing business in Greater Manchester. The business was established in 1975 and has been in our clients` careful ownership since 1996. Only now is the business being offered to the market due to our clients` desire for a well-deserved retirement. The business generates a turnover in the region of £260,000 per annum, with a gross profit of approximately 21%.

The business has an excellent reputation within the industry for the high quality of the services and good offered, which has resulted in a loyal client base with a lot of repeat custom, as well as word of mouth referrals. The company specializes in the C.MT. manufacture of bed linens and table wear with a strong client base which covers both the contract and domestic market. The business would also benefit from establishing a website to promote the business and the services offered.

The business occupies 18,500 sq. ft. giving vast scope for expansion. The business would be an ideal bolt-on to an existing business in the textile trade. This is an excellent opportunity for a new owner to take this thriving business, with vast scope for growth, to the next level; therefore early viewing must come highly recommended.

LOCATION
This textile manufacturing business is located within an industrial mill in Greater Manchester. The business benefits from car parking facilities within the mills grounds.

The area of the business is well served by the A-roads, with three all within easy driving distance of the property, which link to the vast A-road and motorway networks. The area is also well served by the public transport system with several bus stops within easy walking distance. The nearest railway station is approximately one mile away.

PREMISES
18,500 sq. feet of premises, briefly comprising:

Large workshop/cutting room (approximately 16,500 sq. ft.)

Work tables.

Stations.

Equipment and shelving.

Offices.

WCs.

Kitchenette.

Stock/storage room (approximately 2,000 sq. ft.)

A full inventory of equipment is available by request.

TENURE
We are advised Leasehold:

Rolling lease.

Rent: £8,000 per annum plus £2,000 per annum service charge.

STAFF
The business is owner run and managed with 18 staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £260,000 per annum, with a gross profit of approximately 21%.




Tenure: Leasehold

Listed by: Hilton Smythe
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