Furniture & Wood for sale in Stanley

View the "Spindles Stair Parts & Doors Stanley county Durham DH9 8AH" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Adam Warren (Jan 2017)
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Freehold Price: £155,000 Turnover: £37,157 Gross Profit: £22,189
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Business Description
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold basis) a well-established, modern & traditional timber products business that has built up an enviable reputation within the industry, serving both members of the public and trade customers alike.

The business and Freehold has only now come to the open market as it’s our clients desire after many years of trading to take well-earned retirement.
The business has been under the careful and meticulous ownership of our client for over 30 years and who had grown the business over the years to an impressive level with turnover and profit levels, but latterly has been running on reduced hours to suit his lifestyle.

Spindles Stair Parts & Doors offers a bespoke service to supply & fit a vast range of stair parts in both traditional and modern styles along with quality doors and handles for all things wooden.

The business benefits from a well-designed & laid out showroom with a full workshop area located in the basement.

We feel that there is tremendous scope to increase the turnover and take the business to the next level by undertaking in a robust national marketing campaign to generate new contracts and sales along with the possible expansion of the workforce to help accommodate new and ongoing contracts along with revised operating hours. An online presence could also be developed to offer an online shop for core products via an interactive website.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry or as a bolt on service to an already operating timber craft business.

A tremendous opportunity to own this highly desirable freehold business, and early viewing must come highly recommended to avoid disappointment.

Spindles Stair Parts & Doors is located in the town of Stanley, County Durham, just a short distance from the town centre, and resulting in a good level passing footfall from members of the public along with consistent levels of trade enquiries.

The town of Stanley is a former colliery town & civil parish in County Durham, Eng-land and is centred on a hill top that lies between Chester-Le-Street and Consett.

The town’s main shopping area Front Street is pedestrianised, housing independent shops alongside larger chains.

The area is further well serviced in terms of public transport links and local ameni-ties.

The business occupies a Spacious purpose-built premise over 2 floors, briefly comprising,

Entrance at ground level into large, bright and well laid out showroom area that has feature displays on the outer walls and displays in the centre of the showroom floor. Desk / consultation area for customers to place orders & check product availability. Also located on the ground floor is a good size & well-equipped office / admin area with adjoining kitchen area and W/C.

In the basement can be found a fitted-out workshop / product production area with various industry equipment including various machine saws, an extraction system, various racking and storage area. The basement has the same footprint as the first floor at ground level making it a very usable space.

The premises further benefit from having a floored and insulated roof space that is accessed via a Ramsey style ladder, giving a great amount of storage space or subject to planning could be utilised as a further product display area.

Externally the premises benefits from having a plot of land adjacent to the main building, this has been tarmacked and has security fencing, again this could be (subject to planning) used to build another retail / industrial premises or could be used as general yard storage area for equipment and company vehicles.

All stock to be included along with workshop tooling.

We are advised that tenure is offered on a Freehold basis.

The business currently operates around 20 to 25 hours a week.

The business is run & managed by the current owner.

Financial Profile
On greatly reduced operating hours the business reported a turnover in the region of £38000

Tenure: Freehold

Listed by: Hilton Smythe

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