Specialised Giftware & Home Fragrancing Business For Sale In High Street Location, Hampshire. £50k + Sav | | Ringwood Hampshire | | This retail business, located on a busy High Street location, trades in the high quality specialised gift market. Approximately 80% of sales comprise internationally recognised leading brands. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49146
ADVERT IMPRESSIONS : 16,098 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Gift Shops | | SALE: | Agent Sale | LEASEHOLD: | £50000 | ANNUAL RENT: | £17000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Key features include:
* Profitable
* Good location
* Reputable suppliers
* Regular repeat business
* Excellent growth potential
* Affluent local demographic
* 300+ loyalty card holders
BUSINESS PROFILE
Established in May 2006 by one of the current owners, this profitable and well positioned High Street retail business is currently structured as a Partnership with one active and one silent partner.
Trading in the high quality specialised gift market, approximately 80% of its sales comprise internationally recognised leading brands.
KEY STRENGTHS
• Established business with 4 years successful trading history
• Existing website with unique and desirable URL web address
• Location – bustling New Forest market town
• Affluent demographic in local catchment area
• Excellent reputation for quality goods and service
• Regular repeat business from key customers
• Over 300 loyalty card holders
• Strong trading relationship with key suppliers
• Approximately 80% of sales are from internationally recognised leading brands
• Planned town developments will further enhance shop location
CLIENTS & CONTRACTS
300 loyalty card holders (name and addresses can be provided)
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 Aspire Business Brokers Ltd.
Turnover at year end 2009 was circa £94,000. Other financial information availabel on request.
PREMISES
The premises are leasehold and occupy a High Street location. The property is a well presented retail outlet which features glazed shop frontage. It includes a room that is currently used as a sales area during the festive season but which could be brought into use all year round. Fixtures & fittings are included in the asking price, which includes some specialised displays as designed and supplied by brand owners.
FEES & STOCK
While stock is not included in the asking price, it will be included in the sale of the business and will be valued at the time of completion (stock value as at year end 2009 was circa £10,000)
STAFF
The shop is currently run by the active business partner and part-time staff.
REASON FOR SALE
The partners’ wish to divest this business as they are simultaneously developing other business initiatives and have found that they are unable to afford the time required to ensure that it realises its full potential.
GROWTH & EXPANSION (MARKETING OPPORTUNITIES)
• Based on the strength of the product brands, there is great income potential in holding parties at customers’ houses. This has not previously been explored due to a lack of the current owners’ time
• A working website is included in the asking price complete with a desirable URL web address. This website could add e-commerce functionality, which is an opportunity for increasing sales by a new owner
• Advertising in local papers is already providing an encouraging source of business
SUPPORT
If required, the existing owners are happy to conduct a structured handover with a new owner of the business. | | | | | | FOR SALE | | | | | REFERENCE: | 3003FL / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
