Commercial property for sale in Glasgow, Lanarkshire G51

£499,950
Commercial property for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Well establised manufacturing furniture company
  • Turnover for year end March 2018 of £234,866
  • Family run business over 33 Years
  • Retirement sale

Property description

Reference - 48138

Description
Glenstyle Furniture is located in the Govan area of Glasgow within easy reach of motorways leading to all parts of Scotland, being less than ½ a mile from the M8 and M74, making for great convenience for both deliveries and customer uplifts. The core part of their business is with trade customers who work for various Councils throughout Scotland, and for whom they supply bedroom, living room and occasional furniture ultimately destined for a wide variety of council properties. In addition, they supply both raw materials and finished product for hotel refurbishment projects, often to exacting specifications, while they also count a number of retail outlets among their customers. Due to the current owner’s planned retirement, they are at present maintaining business levels rather than actively developing the undoubted potential that exists for business expansion. All goods are manufactured within the factory from scratch by a highly skilled workforce.
This is a very specialised furniture manufacturer. There are no other companies in Scotland in direct competition, providing what they offer, and its location in the central belt with great road links make for very cost-effective logistics. They have made a conscious decision not to advertise as their current workload is more than sufficient for current output capacity and staffing levels. Demand invariably outstrips supply even without promotion. This is where the potential lies to expand.

Sales
Sales currently average approximately £235k per annum.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Friday 08:00 – 16:30
Saturday – Sunday Closed

Staff
Managed by the owners with 3 full time and 1 part time staff.

Building External
Glenstyle Furniture occupies an industrial unit, within a small Industrial Estate in the Govan area of Glasgow. The steel-clad external façade is in excellent condition, and there are two access approaches, front and rear. The back yard has a large area with roller shutter doors for deliveries, and to the front is a private car parking area which can hold up to ten cars. There is a glass frontage (behind roller shutters) to front elevation where the car park is located.

Building Internal
Entering though the glass doors from the car park leads into a customer reception area. There is an office, customer and staff toilets, a staff kitchen and manufacturing and goods out area, while to the back is the large workshop housing specialist machinery and equipment. This is also where raw materials are delivered in and stored. There is an additional office space located on the first floor which has a separate front door entrance and has been rented out to a professional property company for the past few years. They are currently paying rent at £5,200 pa on a 5 year lease. This is included in the sale price.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is freehold. We have been unable to check this information and would advise prospective purchasers to consult their own solicitor for verification.

Summary
Kings Commercial are delighted to bring to market this manufacturing business opportunity and are expecting a high level of interest. Early viewing is highly recommended to avoid disappointment.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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