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BUSINESS REFERENCE : AH060 / RightBiz 3 SUPERB GIFT AND HOME WARE RETAIL OUTLETS IN PRIME LOCATIONS | | | | | | 3 Superb Gift and Home Ware Retail Outlets in Prime Locations Confidentially offered for sale Ref No: AH060 Location: Co Down, Northern Ireland Leasehold Asking Price: £170,000 plus Stock at Valuation | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £170000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This is an opportunity to purchase three very successful, long established gift and home ware stores, situated in prime, busy locations. This business is committed to retailing a wide & exclusive range of quality home and giftware products and continually sources different & unusual items, which helps to set the business apart from the normal high street retailer.
The present owner started trading six years ago and since that time has now established three retail outlets trading for six, four and two years respectively, offering customers exclusive luxury gifts and home ware. The business has a recognised business name and stock an eclectic mix of china and glass wear from some of the world’s most elite brands.
The unique product mix helps this business achieve their goal of presenting a range of home ware and gift ware ideas for all occasions and all pockets and is the place to go for that very special, stylish and frequently innovative gift or home accessory.
All stores have a bright and well appointed environment in which to display the products to their best advantage. The product mix is 50/50 home ware/gift ware.
This business’s reputation is founded upon its high service level which helps to maintain its very high level of clientele.
With a turnover for the last financial year of circa £xxx,xxx and gross profits of £xxx,xxx this represents an excellent opportunity to acquire a very well established, leading independent gift and home ware retailer operating in three key retail locations.
Customer Service:
This business provides high levels of customer service and has established an excellent reputation amongst its customers and suppliers for the quality and assortment of products.
Key Strengths:
With excellent levels of personal service backed up with superb product knowledge, all available at competitive prices its no surprise that this business has an outstanding reputation within the local area.
This business’s locations are on prime High Street’s and busy shopping centre generating high footfall and additional sales opportunities. The business has earned an outstanding reputation for range of stock, service, value for money and experienced staff.
Growth and Expansion:
The owner has built a business around giftware and home ware and developed a successful niche in the local area. Having originally established a single successful retail store, this business had all the processes and procedures in place to extend to the three outlets it has today. There is scope for expansion; the present owner deals in home ware and giftware as this has been a personal interest. The potential is there to build on the product range by introducing a new stock line and is an option open for someone prepared to put in the work & energy required.
Employees:
Store 1 1 x Full time
1 x Part time
Store 2 2 x Full time
Store 3 1 x Full time
1 x Part time
Advertising and Marketing:
A high proportion of the business's revenue has been due to its prominence, excellent reputation for quality products and service and strong word of mouth recommendation.
Current advertising is undertaken through local newspapers, and special promotions. The business is developing a website as the vendor recognises that investment in this area would be a valuable asset.
Premises:
Two of the retail outlets are situated in Prime High Street locations and the third is in a popular and busy Shopping Centre. The premises are ground floor shop units with glazed frontage, providing excellent display areas to showcase the products on offer. All three stores benefit from high footfall and passing trade. The leases on all three properties are renewable.
Property One (High Street) rental is £12,999.96 per annum with rates of £7417.99
Property Two (High Street) rental is £11,000.00 per annum with rates of £7109.42
Property Three (Shopping Centre) rental is £10,200.00 per annum with rates of £3276.73
Business Hours:
The stores are open for business hours of 9.30 am to 5.30 pm - Monday to Saturday.
One store has late opening on Thursdays until 8pm and another store has Sunday opening 1pm – 6pm. There is potential to extend the opening hours generally and for later opening hours in the summer months.
Security:
The premises are fully secured with modern alarms and CCTV.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Reason for Sale:
Genuine sale due to the health of the owner
Support and Training:
The owner is happy to provide a period of support and training for the new owner | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AH060 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
