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Dance Wear Manufacturer & Retailer - West Midlands

Smethwick, West Midlands, England

  • Freehold Price: £730,000
  • Leasehold Price: £195,995  Price Reduced arrow_drop_down
  • Annual Turnover: £791,671
  • Annual Gross Profit: £207,547
  • Annual Net Profit: £14,691
Seller Reference: 6475
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Business Description
 
 
 
 
 
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Seller Reference: 6475
Request Details
Business Description
Established Since 1978
Annual Turnover £791,671
Gross Profit £207,547
Scope To Trade At Weekends
Car Parking For Up To 10 Vehicles
High Profile Web & Social Media Presence
Handover Period Offered
EPC - TBC
6475 Dance wear manufacturer and retailer

Blacks Brokers are pleased to bring to the market this freehold or leasehold dance wear manufacturer and retailer in the much sought after area of Smethwick, West Midlands.

INTRODUCTION

Dance Gear Direct Ltd has been established since 1978 with our client in ownership since the business began. Ran by a family who have been involved in dance and with the help of staff who are also passionate about dance the business has earned a fantastic reputation within the dance community. The business aims to dispatch items on the same or next day with made to order items sent within one or two working days. They stock over 4000 product lines such as Roch Valley, Bloch, Bunheads, Mirella, Freed of London, Capezio and Katz. Their 'made to order' range has over 80 designs, each available in 80 fabrics and are available in 10 sizes for children to adults.

LOCATION

Smethwick is a town in Sandwell, West Midlands. The business is located in Beakes Road, Bearwood in Birmingham, west of Birmingham city centre and south of Smethwick, well linked with the M5 and A46.

REASON FOR SALE

This opportunity is available due to our clients wish to retire.

LEASE

The building is available both freehold and leasehold. If leasehold is preferred there will be a new 10 or 15 year Full Repair and Insure (FRI) lease available with rent at £692 per week.

BUILDING LAYOUT AND DESIGN

The business operates from a two storey, detached building with a retail shop on the left hand side with gated car park at the front and rear of the building. The ground floor comprises of the retail shop which is accessed from the front of the building, the shop has an open plan sales floor area with 3 service counters and 2 changing rooms. Behind the shop is a packing/dispatch area, 2 warehouse administration offices, a sales office and the warehouse. The first floor comprises of the manufacturing area, first floor warehouse, board room, stationary office, photographic studio and changing room, staff cloak room, kitchen and toilets.There is a mezzanine part 2nd floor which is used for the storage of historic admin/paperwork and maintenance tools, equipment and materials. The total internal area of the building is 8,301 square feet of which the shop occupies 696 sq ft, offices 598 sq ft, the warehouse 3,716 sq ft, office space 1,230 sq ft, manufacturing 1,351 sq ft and the first floor warehouse 1,308 sq ft. To the front of the building there is a gated car park with spaces for up to 8 to 10 vehicles.

STAFF

The business is ran with 11 part time staff and 1 full time member of staff in employment. Our clients are also there full time overseeing the general day to day running of the business.

FINANCIAL DETAILS

We are advised that Dance Gear Direct Ltd achieves an annual turnover of £791,671 with a gross profit of £207,547. Full financial information can be given after an initial viewing of the business.

BUSINESS RATES

The rates payable are currently £10,000 per annum.

SUMMARY

This is an ideal acquisition opportunity for a business working in the manufacture and sale of any sector within the clothing/fashion industry to branch into Dance Wear. This business is well-established and has an excellent reputation, web and social media presence. The business has a very experienced team of garment manufacturers and the vendors are happy to offer a handover period. Early viewings are advised. Fixtures:
10 x PC’s

7 x Printers

Server

2 x Remote hard drives

Professional Standard Nikon Camera

Flash Light and Light Boxes

3 x Cutting Tables

4 x Hemming Machines

7 x Overlocking Machines

2 x Flat Beds

1 x Free Arm Machine

2 x Pleating Machines

1 x Twin Needle Strapping Machine

5 x Elastic Tension Machines

1 x Stud/Popper Machine

3 x Industrial Grade Sewing Machines

Fully furnished offices and an extensive range of racking
Trading hours:
Mon - Fri - 9am - 5pm Sat & Sun - Closed
Tenure:
Leasehold, Freehold
Location Details:
Smethwick
Leasehold Term:
£692 Per Week
Listed by:
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