Business for Sale in Long Stratton, Norfolk - ARCHITECTURAL IRONMONGERY – LONG STRATTON, NORFOLK - Leasehold: £149,950

Key Information

Ref
M33741E
Type
Manufacturing Businesses: Metal Manufacturing Companies
Location
England: Norfolk
Tenure
Leasehold
Status
For Sale
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We are delighted to bring to the market this long established independent architectural ironmongery suppliers only now becoming available after more than 25years due to the owners pending retirement.

This well-regarded business is known for it’s personal service and the high-quality products that it provides as is reflected by the many repeat and recommended customers as well as the little advertising that is carried out.

On a sound financial footing with consistent turnover and profit margins as can be seen in the company accounts yet offering a new owner areas of potential to further develop the business, this represents an excellent opportunity for the right person.

THE BUSINESS ITSELF

Originally set up by the current owners in 1991 the business has continued to go from strength to strength and now turning over in excess of £400k on a yearly basis with an adjusted net profit of circa 20%. Sales are predominantly to trade customers however a fair amount direct to the public is enjoyed as well. The business supplies key regional house building companies as well as working with local architects in providing specifications for new developments.

As well as the supply of architectural ironmongery such as door handles, closures, stops etc the business provides a key cutting service which includes an exclusive range of keys that can only be cut and sold by the vendor. This coupled with key suiting means that the company can provide security locks to the highest of standards.

Known for supplying quality brands such as Yale, Carlisle Brass, Kirk Patrick, Brittain as well as ensuring product compliance with BS Standards and trade requirements such as Secured By Design, clients can also benefit from the survey service offered as well as personal local delivery.

Whilst the company has good links with a number of locksmiths, in our opinion, there is excellent scope to provide this in house given the current client base and contacts that have been built up. This would potentially generate significant additional income to the business and can be easily accommodated within the premises. Another area that can be developed is the online presence as this is currently limited and would benefit from creative input.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The business is located on a well known and sought after industrial estate on the outskirts of Long Stratton, a thriving small town which benefits from being very well served and well placed to service both Norfolk and Suffolk.

The unit measures approximately 1500 sqft and provides well proportioned rooms suitable for each purpose. As you enter through the main door you will find the sales area/trade counter alongside which is the good-sized showroom fitted with displays and shelving showing the typical products that are available. Moving through to the back of the trade counter is the stores area complete with racking and providing ample storage space to serve the business. Further behind this is the key cutting workshop set with work benches and other appropriate fittings. Running alongside the public area and stores, through a connecting door, are the office areas providing an open plan general office with a kitchen area and cloakroom at one end and then a separate directors office to the other end.

Externally the business has its own private section of car park in front of it which forms part of a larger parking area which a neighbouring business has the benefit of.

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