Medical / Health businesses for sale in Reading

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Dental Laboratory & freehold building for sale

Reading, Berkshire, England

  • Freehold Price: £425,000 (from)  Price Reduced arrow_drop_down
  • Annual Turnover: £339,000
  • Annual Net Profit: £195,000
Seller Reference: PAX0207278858
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Business Description
 
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Seller Reference: PAX0207278858
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Business Description
Extremely well established Dental Laboratory that has been trading for over 40 years with a large client base and highly profitable. The building is situated just outside of Caversham and Reading town centre, great location and easily accessible to the surrounding counties. The building has a large car park with up to 15 spaces, brick built with a double entrance. Stairs leading to the 1st floor. Both floors have two separate toilets, one of which is a shower room also. Two separate utility meters and two separate business rates also (qualifies for small business rates reduction). Huge scope to develop the business further with potential in gaining many more clients, we peaked with an annual turnover of just over £750,000 and 13 members of staff. Plenty of walk in customers - denture repairs. The lab is owned and run by three directors, so effectively the new owner/s would have to employ 3 new members of staff. Saying that all three of us would be willing to negotiate a contract where we stay and run the business as it is?

We may consider selling the building and business separately?

PICTURES TO FOLLOW SHORTLY

Items included in the sale:
- Client base
- The freehold building which has recently been valued at anywhere in between £425,000 - £450,000 split over two floors, approximately 2000sq ft in total
- A running laboratory that is still trading, that is well stocked, has dental equipment and work benches in situ
- One delivery vehicle
- Ground floor tenant paying £1000pcm
- Staff
- Directors/main technicians willing to negotiate a transition period of anywhere from 1-18 months
- No debt, credit cards or government loans
- Website, email address, telephone number and everything that goes with running the business

Option A - Building, business and all the staff including the three current owners/technicians £800,000
Option B - Building, business and we walk away £600,000
Option C - Just the building £425,000 (includes a tenant on the ground floor paying £1000 pcm)
Trading hours:
Monday to Friday 08:00 - 17:00
Number of employees:
6
Tenure:
Freehold
Support and Training:
The three owners/technicians are willing to negotiate terms to stay on for 1-18 months.
Location Details:
Just outside of the main town with great accessibility
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