Successful Embroidery Business With Diverse Ancillary Sales | | Undisclosed Cambridgeshire | | RETAIL EMBROIDERY BUSINESS WITH EXCELLENT LOCAL REPUTATION BASED IN CAMBRIDGESHIRE MARKET TOWN Large shop located centrally on high street Excellent customer base comprising personal customer, business, clubs & societies Turnover £120,000 annually with excellent level of net profit 2 brother embroidery machines along with other equipment included within consideration price Excellent website ensuring sales from outside County Diverse range of products and services offered beyond core business. L/H £77,995 + SAV REF: 9674CB | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49591
ADVERT IMPRESSIONS : 19,095 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Adults Wear | | SALE: | Agent Sale | LEASEHOLD: | £77,995 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | High Street location in Cambridgeshire market town
Ample free parking adjacent to the premises
Double fronted retail unit with window displays
Unopposed within the town
HISTORY
Purchased by vendors in distressed state 4 years ago
Significant programme of investment undertaken including purchase of new machinery
Expansion of premises into adjacent retail unit
Substantial diversification of product and service range
Website developed
Business development activity undertaken
REASON FOR SALE
Vendor wishes to pursue fresh business initiatives
PRODUCTS
Core retail sales of branded and unbranded T shirts, polo shirts, caps, hoodies and sportswear
Sundry sales of handbags, mouse mats, printed mugs and fashion items
SERVICES
Embroidery on various garments, including caps and sashes, to customer requirements
Full design service offered
Printing of business cards and letterheads (sub contracted)
Vehicle graphics
CUSTOMERS
Good mix of personal and business customers split 30%/70% with over 400 contacts on the database
Many trade based businesses such as electricians and building companies
Various sporting teams
Dance schools
Diverse geographically with internet sales generating business from the whole of the UK
SUPPLIERS
Well known brands such as AWDis, Fruit of the Loom, Gildan, Jerzees, Kustom Kit and Game Gear sourced direct from Ralawise
Handbags and fashion items sourced from London (high margin)
Vinyl sourced from Express
STAFF
Family business run by mother and son
TRADING HOURS
Mon, Tue Thur to Fri: 9am to 5pm
Wed and Sat: 9am to 1pm
Sunday closed
FINANCIALS
Projected annual turnover £120,000
Gross profit £44,000 per annum
Net profit £35,000 per annum
Stock holding £2,500
Consistently profitable and growing business
OVERHEADS
Rent £5,000 pa
Rates £1,200 pa
STRENGTHS
Highly visible High Street location
Significant business development work undertaken over last 4 years
Fully computerised customer database
Investment in equipment undertaken
Website
Excellent reputation locally as one stop shop
Diverse range of products and services
PREMISES
A traditional lock up High Street retail shop, formerly two separate units
Retail sales area with racking and shelving appropriate to trade
Sales counter
Window display area
Workshop visible to public
Store and WC to rear
Easy loading to front
EQUIPMENT
2 Brother 12 needle single head embroidery machines
Graphtec vinyl plotter
Ribbon printer
Cap press
Heat press
Mug press
SCOPE
Further business development activity
E bay
Additional retail outlets within the locality
Continued focus on product diversification
New markets such as school wear
TENURE
Leasehold
Original Lease: 3 years
Lease Remaining: 6 months
Rent: £5,000 per annum
Rates: £1,200 per annum
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9674CB / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
