Ref 6997 – Leasehold Palaeontology Laboratory
Blacks Brokers are pleased to bring to the market this leasehold palaeontology laboratory located in Prenton, Birkenhead.
Palaeolab was established by our client in this industrial area of Prenton in 2014 and offers oil and gas exploration services. Palaeolab has a worldwide reputation and over the past 18 years of trading has attracted a core of clients who have supplied the majority of its projects.
Palaeolab occupies an industrial estate trading position in Birkenhead. The estate is a very well-maintained area and the units are highly sought after. Neighbouring businesses include a gym, mechanics and decorating centre. The area is well linked by the M53 with strong public transport links and parking is available immediately outside the building. The location is extremely sought after and offers great flexibility.
The business is ideally suited to a hands-on owner-operator and our client has enjoyed operating this business for the last five years. Due to changes in this sector, our client has decided to change paths and the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level or alternatively this would suit a business involved in chemical handling that would benefit from the high-end ventilation equipment installed in the building.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. This current lease is due for renewal and we are advised the landlord is open to negotiation. At present, the lease runs at a cost of £166 per week.
The business operates with two members of staff supporting our client working on a full-time basis. There is a possibility of a handover period provided by staff if required by a new owner.
Palaeolab has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £76,000. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well established laboratory which occupies a superb trading position and has reliable and experienced staff in place. This proposition would also suit a similar business that is looking to relocate into a fully equipped laboratory, with 3 large fume cupboards with a high-spec extraction fan system. Therefore any business that operates within the chemical handling sector would find this particular proposition interesting. With the added benefit of a large first floor storage area including offices, the location offers exceptional versatility. Early viewings are strongly advised. Business: £19,950.
Please quote ref: 6997