Gift And Clothes Shop In Battle East Sussex Price Reduced | | Battle East Sussex | | Phoenix Business Transfer Agents are delighted to place onto the market this Gift and Clothes Shop which has been established for 14 years. The business has been in the hands of the current owner since 2008. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58023
ADVERT IMPRESSIONS : 6,322 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Gift Shops | | SALE: | Agent Sale | ASKING PRICE: | £39,995 | LEASEHOLD: | £39,995 | ANNUAL RENT: | £13200 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the Battle area of East Sussex.
- Prominent location on main arterial road.
- Part of a parade of shops in the local shopping centre.
- Excellent parking facilities nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many restaurants and coffee shops.
- Hastings and Bexhill-on-Sea both lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £90,000 with a gross profit of £46,500 (see financial summary below).
- A business with great potential which has not been exploited because the owner has other business commitments.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides ladies fashion and gifts.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Gift and Clothes Shop which has been established for 14 years. The business has been in the hands of the current owner since 2008 and now wishes to sell due to other business commitments.
Services
This very good business opportunity provides ladies fashion and gifts.
Staffing
The concern employs 1 full-time member of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local and tourist trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Sundays.
• Increasing the product line to include local art and crafts.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced, part of a parade of shops and is approximately 13 ft x 35 ft. The front is branded with an attractive glass front. The main customer service area is lino with a middle aisle, shelving and racking to the walls. It is very well presented and conveniently laid out.
The property will be refurbished later in 2011 by the landlord to include a downstairs toilet for both staff and customers with a kitchen area and a storeroom.
FIRST FLOOR
On the first floor there is a toilet and kitchen. This area is going to be taken back by the landlord and the lower floor will be refurbished giving a larger shop area.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £2,000.
FINANCIAL DETAILS
The present annual turnover is £90,000 with a gross profit of 52%. The wages are £12,000 pa. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Monday to Saturday: 9.30 am - 5.30 pm.
TENURE
The original length of the lease was 5 years with 2 years remaining. The rent is £13,200 pa with a review after refurbishment. The lease may be renewable or negotiable for longer term if required. The rates are £4,000.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £49,995
Ref: 1942
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1942 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
