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Security Equipment Business

Derby, Derbyshire

£16,000 +SAV

Ref: 2141 F

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Description

Hilton Smythe is delighted to welcome to the market this well-established security equipment retail business in Normanton, Derby. The business was established by our client in 1984 and is only now being offered to the market due to our client`s desire for well-earned retirement. The business operates 5½ days per week and generates a turnover in the region of £25,506 per annum, with a gross profit of approximately 40%. Our client specialises in a wide range of security devices such as safes, window and door locks and padlocks, as well as a key cutting service. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a loyal client base and a lot of repeat custom, including the local college and hospital, as well as word of mouth referrals. We feel the turnover could be increased by extending the opening hours and operating all day Saturdays. There is also scope to embark on a marketing campaign to advertise the business and the services offers. A new owner could also launch a website to promote the business. This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore early viewing must come highly recommended.

Tenure

Leasehold

We are advised Leasehold: Rolling leaseRent: £600 per calendar month.

Hours

The business is open: Monday – Friday: 10.00am – 6.00pmSaturday: 10.00am – 1.00pmSunday: Closed

Staff

The business is owner run and managed.

Financial Profile

The business generates a turnover in the region of £25,506 per annum, with a gross profit of approximately 40%.

Location

Derbyshire Security Equipment Ltd occupies substantial ground floor retail premises on the busy Normanton Road in Normanton, Derby. The business is surrounded by a wealth of complimentary shops and business and benefits from a vast amount of footfall and passing trade. The business is also located in a densely populated residential area of the city from which the business draws much of its trade. Normanton is a suburb of the city of Derby in Derbyshire. The area’s main recreational facility is Normanton Park, opened in 1909. Until the 1950’s the building was used as a Tea Room. The Arboretum Park was the first public park in the country which was given to the town of Derby by Joseph Strutt in 1840. The area is well-served by the public transport system with several bus stop within easy walking distance of the property. The nearest railway station is in Derby City Centre, approximately one mile away. The area is also well-served by the A-roads, with several A-roads within easy driving distance including the A5111 and A52, which link to the vast A-road and motorway networks. Loughborough is approximately 24 miles away and Nottingham is 16 miles away.

Premises

Ground floor retail premises, briefly comprising: Main sales and display area with: Window display area.Carpeted flooring.Racking and shelving to suit trade.Safety deposit box display area.Serve over counter with electronic cash register and credit/debit card terminal.Key cutting area with machinery and key display area. To the rear: Office.Kitchen.WC and wash hand basin.

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