Stonemasons Businesses for sale in Hyde

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Established Stonemason Business with Accommodation

Hyde, Greater Manchester, England

  • Freehold Price: £189,995
  • Leasehold Price: £74,995
  • Turnover: £81,867
  • Gross Profit: £58,289
Seller Reference: B05012
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: B05012
Request Details
Business Description
Business
Freehold option £189,995 + SAV
Leasehold option £74,995 + SAV

Hilton Smythe are delighted to offer to the market D.G Baines Memorials, an extremely well-established stonemasons business, located in Hyde.

The retail shop is situated on the ground floor, with the benefit of a 2-bed flat on the first floor.

The business was initially established by our client in 1988, during this time the business has built an excellent reputation within the area.

Our clients are now looking to pass the business on as they look forward to their well-deserved retirement.

D.G Baines Memorials has excellent reviews of 5-star rating on yell.com with customers stating:

‘From beginning to end, David and Elaine have been helpful and friendly. The result was wonderful, done with great skill, and a very personal and fitting tribute. That combination of skilled workmanship and superb service aren't common, and it was a real pleasure to deal with such a great family firm.’
And ‘
An excellent service with the upmost respect for their bereaved customers. Absolute mass of choices on all granites/marbles/stones with numerous designs.’

Our clients are offering a hand over period and further coaching to ensure the continued success of the business.

The business generates ample word of mouth recommendations. There is plenty of scope to improve turnover such as opening longer hours, using social media and pushing advertising.

The sale also comes complete with order books for both new memorials and additional inscription work, some items of equipment, as well as all of the display stock and office equipment, including computer with customer database and business document templates.

The flat is currently rented out to a tenant on a 6 months agreement, therefore there is an option to use the flat as living accommodation should the purchaser desire.

We feel this business would suit a partnership, as the business has been running by a husband and wife team.

Reasons to buy:
• Excellent trading location with great eye-catching signage
• Living accommodation or extra income of rent
• Extremely well established with an outstanding reputation
• Huge scope to increase the turnover, by extending opening hours and further advertising
• Rates exempt
• Hand over and further support offered by the seller

This is an excellent opportunity in such a sought for location, early viewing is advised.

Please contact Hilton Smythe, as viewings are by appointment only.

Location
The business is located on Mottram Road (A57), Hyde.

The business is surrounded by a wealth of shops, schools, and businesses and benefits from a high volume of passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The area is also well served by the A-roads within easy driving distance of the business, which link to the M60/M61 motorway network

Premises
D.G Baines Memorials is situated on Mottram Road, Hyde.

The property is well presented inside and out with good signage and attractive décor.

Basement:
• Large basement used as storage
• Office

Ground floor:
• Entrance to the show room and service area, with ample displays and seating area
• WC
• Kitchenette

First floor (2 bed flat)

Comprising of:
• 2 bedrooms
• Lounge
• Bathroom
• Kitchen

Equipment included comprises of:
• Hand tools
• Card reader
• Computer
• Compressor
• Drill

Tenure
We are advised the business is Freehold with an option to Lease

Leasehold £74,995+ SAV

With an annual rent of £9,480 pa (ground floor only)

Hours
Currently trading 5 days a week

Monday to Friday 9.30am – 4.30pm
Saturday - Closed
Sunday – Closed

Staff
Owner run (husband and wife team)

Financial Profile
The reports for 2017 -2018 show a turnover of £81,867 with a gross profit of £58,289

The flat above currently provides a rental income of £4,740 pa

The business further benefits from being rates exempt

Tenure:
Leasehold, Freehold
Listed by:
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