A great opportunity to acquire a well-established printing business for less than the cost of a start up, with significantly less risk.
Location
Located in a busy industrial centre, in the Hertford/Ware area. The A10 is a few minutes away, and the M25 can be accessed within ten minutes at junction 25.
Premises
This fully equipped lock up industrial unit, with ample parking and storage area, is in a busy industrial complex, which benefits from high security. The rent, rates and electricity amount to just over £700 per month, and the tenancy is on a flexible month-to-month basis, so the business could easily be relocated if required.
Business
Established 36 years ago by the vendor, this business has previously employed four people with a turnover of over £100,000 but has been scaled back as the owner approaches retirement.
Assets
Two single colour offset litho printing machines, folder, guillotine, plate making facilities, drilling machine, numbering, and all the ancillary equipment necessary to run a small printing business.
Turnover
Turnover for 2007 – 2008 was £35,000, although this figure represents the amount of work that the owner could comfortably handle working part-time rather than the amount of work available.
Potential
This is an established business with a long-standing loyal client base. The business has existed perfectly well in recent years with no marketing whatsoever. An enthusiastic new owner could rebuild the business and increase turnover substantially, making this a very viable and low risk investment.
Trading Hours
The current owner only works three days a week. To achieve its potential the business would operate Monday to Friday, usual business hours.
Personnel
There is currently only one employee, and in future it could be run by one person, but a new owner would most likely want, and need, more staff quite rapidly as the business grows.
Reason For Sale
The current owner reaches retirement age in the near future.
Comments
This would be an ideal entry business for someone who perhaps works in the printing industry and wants to start up on their own, without the risk and expense of starting from scratch. (Some knowledge and experience of printing is essential.)
The current owner has said that he is willing to stay on part-time to assist the business, do deliveries etc. which would provide invaluable help to a first time business owner and reduce the start up risks considerably.
(The current owner is more than happy to stay for a reasonable period to help facilitate a smooth transfer to the new owners.)
Price £20,000 Early viewing is advised
