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BUSINESS REFERENCE : AH068 / RightBiz AH068-SOUTHERN ENGLAND-£ 185,000-CHAIN OF 7 DISTINCTIVE | | | | | | Chain of 7 Distinctive Gift Shops Ref.AH068 Location Southern England Asking Price £ 185,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Gift Shops | | SALE: | Agent Sale | LEASEHOLD: | £185000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This successful chain of gift shops is located across Southern England and has been established since 1992. The company has 7 distinctive designer led gift shops with cards, accessories and fashion accessories and also have a home delivery and catalogue order service for furniture.
The business is renowned for their shops, which specialise in original, stylish and an occasionally frivolous range of presents and cards for all occasions, which attracts a broad customer base looking for a wide variety of gift, card and furniture requirements.
The 7 shops are based in the following counties, London, Surrey(2), Berkshire, Buckinghamshire and Dorset(2).
Customer Service:
This business believes its customers should experience highly rewarding levels of satisfaction each and every time they deal with the company. This level of satisfaction is fuelled by the highest quality of products and services being provided, backed up by a truly professional yet friendly, level of service.
Their excellent reputation of quality, professionalism and on-time delivery means that the company carry out very little advertising but rely more heavily on sustained repeat business and customer referrals.
Key Strengths:
The company has earned an outstanding reputation for its range and diversity of products.
It is perfectly placed within the area served, with excellent exposure and accessibility on main high street locations within each town in which they have a presence.
The business flourishes on word of mouth recommendations with clients staying loyal, many having been with the business since it was set up initially. It has a very large client base ripe for further development.
Growth and Expansion:
This is a marvellous opportunity for an individual or an existing company to develop and expand on an excellent foundation, especially with further promotion within the appropriate market sectors. The new owner could expand the range of products sold and open new stores in new locations.
The major area of potential growth is the development of an ‘on line’ shopping facility.
The business would ideally suit an owner/manager who could build on this Company’s excellent reputation and relationships with customers and suppliers alike.
Key Opportunities:
This business maintains an extensive base of satisfied customers, who appreciate this business’s superior products and services. There are many excellent avenues for growth especially with on-line shopping, expansion of existing brands and also to increase the trading days and opening hours.
Having achieved impressive growth since it was established in 1992 the business has built an excellent reputation within the surrounding areas. Further advertising could see an increase in sales and revenues and this would support the company to build on their reputation and profits. Turnover and revenues could also be significantly improved by increasing further their customer database and portfolio.
Equipment and Premises:
The properties are located within Southern England and the Home Counties, all the shops have on-going leases, all within the Landlord and Tenant Act, (details available).
Within their premises they have a centrally controlled till system and a ‘BLEEP’ software package.
Advertising and Marketing:
There is currently no advertising or marketing, however strong word of mouth recommendation is central to the success of this longstanding business, combined with excellent High Street locations, providing significant levels of passing trade.
However with a more focused approach to sales and marketing there is little doubt that significant growth could easily be established.
Financial profile:
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.
Current turnover is circa £1,194,000 per annum with gross profit of circa £635,000 and stock circa £150,000.
Employees:
The company employs 38 part time staff covering all the shops, with the owner providing overall control.
Support and Training:
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.
Reason for Sale:
The business is for sale as a result of the vendors intentions to follow their own separate business interests. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AH068 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
