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Commercial property for sale

£35,000

London SE13, UK

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Property description

Ref 6289 – Leasehold Embroidery & Screen Printing Service Business
Blacks Brokers are pleased to bring to the market this leasehold Embroidery & Screen Printing Service Business located in the much sought-after area of Blackheath, London.


Introduction


South London Embroidery trading as Ties & More Ltd has been operating on Boone Street for many years, with our client in ownership since 2012. The business offers a comprehensive range of embroidery and printing services for businesses, clubs, schools, restaurants and much more for garments such as workwear, sportswear, knitwear, children’s clothing and uniform, caps, scarves and much more. Our client has established a strong online presence with business website and social media following. The business boasts plenty of excellent online reviews and a base of over fifty regular clients including both corporate and domestic customers.


Location


Boone Street is located in the heart of Blackheath in South East London. This area is well linked by the A2, A20 and the South Circular Road. The business is close to Blackheath Station and parking is available in the immediate area.


Reason for sale


The business is only being offered for sale as our client under estimated his other business commitments and is struggling to run both this business and another. This shop requires a new owner-operator able to dedicate more time to this busy shop. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a rolling lease at a cost of £76 per week.


Building layout and design


South London Embroidery operates from a large block of residential flats with a parade of shops positioned within the ground floor. The shop is well presented, with branding and advertisements displayed above a fully glazed frontage. Inside, there is a customer service counter with embroidery displayed above. To the rear are the workshops, with an embroidery room and screen printing room – these are well equipped with Brother embroidery machine, six-colour screen printer, drying machine and industrial sewing machine. There is also a staff kitchenette and toilet facilities. All areas are presented well with good quality fixtures and fittings in place.

The upper floors of this property are private residential flats and are not included in this business lease.


Staff


The business is currently operating with our client only working on a full-time basis.


Financial details


South London Embroidery has traded solidly since opening and offers scope for further expansion. The business generates an annual turnover of £34,235 with gross profits of £14,149.There is a Happy embroidery machine which is currently leased for £288 per month – this will be paid off upon completion of the business sale. Further financial details are available upon viewing.


Summary


This leasehold business is long established and well known within this business sector. The business has a good customer base and additional workloads could be accepted with the introduction of a new owner-operator with more time. There is plenty of scope to develop the business further with new product lines and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Property: £35,000.

Please quote ref: 6289

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Nearby transport

  • Blackheath (0.4 miles)
  • Hither Green (0.6 miles)
  • Lewisham (0.8 miles)
  • London City Airport (3.8 miles)
  • London Heathrow Airport (20.1 miles)
  • London Gatwick Airport (23.2 miles)
  • Greenwich Pier (1.7 miles)
  • Masthouse Terrace Pier (2.2 miles)
  • Greenland Pier (2.8 miles)

Nearby schools

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  • St Margaret's Lee CofE Primary School (0.1 miles)
  • John Ball Primary School (0.4 miles)
  • Heath House Preparatory School (0.5 miles)
  • Bellerbys College London (1.8 miles)
  • Shooters Hill Sixth Form College (2.6 miles)
  • City Gateway 14-19 Provision (2.9 miles)
  • St Matthew Academy (0.3 miles)
  • Trinity Church of England School, Lewisham (0.4 miles)
  • International Academy of Greenwich (0.4 miles)
Note: Distances are straight line measurements

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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