businessdmhall.co.uk

FOR SALEICONIC INTERNATIONAL TARTAN BRAND

Strathmore Woollen Co. LtdStation Works, North Street, ForfarAngus, DD8 3BN, Scotland

Commercial DepartmentUnit 34, City Quay, Camperdown Street, Dundee, DD1 3JA 01382 873100

INTRODUCTION:Due to the planned retirement of the principal Directors of

this long established textile company, this unique business

and associated premises are being brought to the market.

The family owned business has traded for around 30 years

serving a substantial customer base throughout the UK

together with a significant level of international sales. The

company operates from extensive modern premises in

Forfar and benefits from strong and loyal members of staff.

The purchase of this business, which shows a consistently

rising turnover, offers an excellent opportunity for further

development of this unique heritage product and iconic

brand.

LOCATION:Forfar is the main administration centre for the Angus Council

area with the town lying adjacent to the A90 Dundee to

Aberdeen road enjoying excellent transport links to both

cities. The town has a resident population of 14,000 and

serves a large surrounding rural area.

The subjects occupy a prominent corner site off the east side

of North Street at its junction with Service Road, to the north

of Forfar town centre. This is a mixed residential and light

commercial area with the property well placed to the usual

local amenities and facilities.

The location of the premises is shown on the undernoted

plan.

DESCRIPTION:The business is contained within a two storey detached

building, purpose-built in the 1970’s and predominantly of

facing brick construction with a mansard style slate roof.

Internally, the extensive accommodation extends to around

453 sq m (4,870 sq ft) with the majority of the premises

occupied by Strathmore Woollen Co. Ltd, although part of

the first floor office space is let separately at a passing rent of

£10,000 per annum.

The internal accommodation can be summarised as follows:

Ground Floor: Entrance Hall, Reception, General Office,

Showroom, Work Room, Store, Fabric Store, Boiler Room and

Toilet.

First Floor (Strathmore Woollens): Landing, Store, Work

Room, Office, 2 Stock Rooms, Kitchen and Toilet

First Floor (Tenanted):

Landing, Large Open Plan General Office, Private Office,

Board Room, Kitchen, Shower Room and Toilets.

A surfaced car park is provided to the front of the building

for around 12 vehicles with additional rear servicing facilities.

ASSESSMENT:We have consulted the Tayside Assessor’s website (www.

saa.gov.uk) and note that the premises are entered in the

current Valuation Roll as follows:-

Shop etc, Rateable Value: £8,700

Office Rateable Value: £9,900

The Uniform Business Rate for the financial year 2013/2014

is 46.2p.

Small Business Relief may be available and this should be

checked with Angus Council.

ENERGY PERFORMANCE RATING:A copy of the Energy Performance Certificate will be made

available to interested parties. The EPC grading is C.

GENERAL REMARKS:This long established and profitable Scottish company is

an iconic tartan brand with the business benefitting from an

experienced and loyal workforce. The family run business

enjoys an excellent reputation within the industry with an

extensive and supportive customer base throughout the UK

and internationally.

Our clients have indicated that they would be prepared to

assist following the transfer of the business, if required, on

a short term basis. Further more detailed information on

the business will be given to prospective purchasers on an

individual basis.

VIEWINGS:Viewing is strictly by appointment and can be arranged via

the Marketing Agents.

REFERENCE:JGH/A22/TCP00584

FINANCE/BUSINESS MORTGAGESD M Hall is in regular contact with specialists involved in

the financing of business and property purchases in Scotland

and would be happy to effect the necessary introductions if

required.

DATE OF PUBLICATION:January 2014

CONTACT:jim.honeyman@dmhall.co.uk

BUSINESS:Strathmore Woollen Company Limited is a quality and well

established business which has operated under the same

family guidance for around 30 years with the proposed sale

due to the retirement plans of the principal Directors.

It is our clients’ preference to effect a sale of the business

and premises as a single entity however consideration may

be given to selling the business element and leasing the

heritable property.

Despite the recent difficult economic and market conditions,

the company has continued to trade well and profitably with

a significant increase in turnover during the last trading

year. Turnover levels have consistently been in excess of

£700,000 and an Accounts Summary will be made available

to interested parties after viewing and confirmation of a

continuing formal interest.

PRICE:Our clients are seeking offers in excess of £350,000 for the

heritable property interest together with the trade fixtures,

fittings/equipment and business goodwill.

Stock will be purchased separately at valuation.

OFFERS:All offers should be submitted in Scottish legal terms to D M

Hall LLP

ENTRY:Early entry can be given on conclusion of legal formalities.

IMPORTANT NOTEDM Hall for themselves and for the vendors or lessors of this property, whose agents they are, give notice that:

(i) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.(ii) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intended purchasers or tenants should not rely on them as statement or

representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.(iii) No person in the employment of DM Hall has any authority to make or give any representation or warranty whatever in relation to the property.(iv) All prices, premiums and rents quoted are exclusive of VAT.(v) The information contained in these particulars has been checked and, unless otherwise stated, it is understood to be materially correct at the date of publication. After these details have been printed, circumstances may change outside

our control.(vi) These particulars are provided for record purposes only and are not intended to create, nor to be relied upon as creating, any contractual relationship or commitment. Any contract shall only be entered into by way of our clients’ solicitors.