Business for Sale Overview:
Advent Business Sales have been instructed to offer for sale this well established business with excellent further potential.
Established over 10 years and under its current ownership for around 3 years, the business is now reluctantly offered for sale
due to the vendor’s other business commitments.
The business offers a range of services and products including safes, locks, key cutting, door security furniture, window & door
security bars and signage.
The product range offered is from such well known and respected brand names such as Squire, Chubb, Yale, Legge, Centurion and
installation services are also offered with one of the employees a fully experienced locksmith.
The business occupies an attractive double frontage premises with no direct local competition and we are advised by the vendor that current stock at valuation is approximately £15,000. The premises were refurbished 3 years.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Tenure: Leasehold;
Original Term: 5 years;
Term Remaining: 3 years;
Rent reviews every; 5 years;
Rent: £70 per week;
We are advised that the annual business rates are currently: £770 per annum.
The business occupies a prime location on a main road in the central shopping area of Wednesbury.
The surrounding area is densely populated and the business benefits from high levels of passing traffic and footfall. There are excellent parking facilities with free on street parking facilities adjacent to the premises.
Market Competition and Expansion:
Expansion Potential:
The business has excellent potential for further growth including
offering cutting & coding for vehicle immobilizer keys, engraving
services and marketing and advertising to increase trade further.
There is big potential for growth in the local market as well.
There is also scope for advertising.
Reason for Selling:
other business commitments.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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