Printers/Print Shop for sale in Bungay

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 Daltons is the way to go and the one I recommend. 

C. McFarquhar (Apr 2017)
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Asking price: £139,995 Price Reduced Turnover: £89,901 Gross Profit: £45,619
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Business Description
Business
Hilton Smythe welcomes to the market Bungay Printers, which was established in 1983 and owned by our clients since 1997. Our clients are now looking forward to a well earned retirement.

Bungay Printers offers a wide and varied range of printing services covering Bungay and the immediate surrounding area, and is a name that is synonymous with Bungay, having been in the area for so long. Other strengths of the business are that there are many long established customers.

The business is located on the border of Suffolk and Norfolk, meaning there is plenty of scope to expand into these areas and the business is being sold either Leasehold or Freehold.

Although well established, the business has plenty of room for development as our clients have been looking forward to retirement for some time they have only advertised by word of mouth and work shorter hours.

A website needs to be produced to help with sales and the business would also benefit from a social media page. Although the business is open 5 days a week our clients only work 4 days each. We believe advertising would bring in clients from further afield.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Bungay Printers is located in Bungay, which is a market town in Suffolk, surrounded by many villages and close to the town of Beccles.

The main A143 connects Bungay to the coast at Lowestoft via A146 and Diss to the West.

The premises is located just off the market place where a market is still held each Thursday and there is ample local parking.

Premises
Bungay Printers is located just off the Market Place in Bungay.

Entrance door to the reception area with a counter.

Xerox Versant 80 Press, currently on lease and will be owned outright by Bungay Printers in August 2021. Canon image runner advance printer.

From this area is a further area with a rotary numbering and perforating machine, Ideal 5221 guillotine.

From this area is a further area with:

• Shelving
• Racking
• Stairs to the first floor
• Duplo DC-Micro 8 collator
• Morgana folder
• Padder
• Jogger
• Wire binder
• Plastic binder

The kitchen facilities are also found here

The first floor is a storage area with further shelving and racking.

The toilet is found off the reception area on the ground floor.

Tenure
We are advised the business is being sold either as a Leasehold or Freehold business opportunity.

Freehold: £140,000
Leasehold: £80,000

If leasehold our clients will grant a new lease with an annual rent of £6000.

Hours
The business opening hours:
Monday - Friday: 8.00 am – 5.00 pm
Saturday - Sunday: Closed

The hours could be extended and if purchased on a leasehold basis, there will be no restrictions on working hours.

Staff
The business is run and managed by our clients. Currently there is one part time staff member, who will be leaving upon the sale of the business.

Financial Profile
Bungay Printers generated an advised turnover of £89,901 as of the 2017 accounts, with a gross profit of £45,619, a net profit of £31,533 and an adjusted net profit of £35,135.

The assets in the business are worth circa £5,000.

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04284
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