Ski Wear & Equine Accessories Close To Southend On Sea Essex | | Undisclosed Essex | | NEW 15 YEARS LEASE RENT £1,500 PCM TURNOVER £200,000 PA 40% GROSS PROFIT MARGIN EASY HOURS AUDITED ACCOUNTS AVAILABLE £165,000 INCLUDING STOCK £100,000 STOCK VALUE INVESTOR’S DREAM SAME HANDS FOR MANY YEARS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64130
ADVERT IMPRESSIONS : 10,112 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Sports Shops | | SALE: | Agent Sale | ASKING PRICE: | £165000 | LEASEHOLD: | £165000 | ANNUAL RENT: | £18000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | NEW 15 YEARS LEASE
RENT £1,500 PCM
TURNOVER £200,000 PA
40% GROSS PROFIT MARGIN
EASY HOURS
AUDITED ACCOUNTS AVAILABLE
£165,000 INCLUDING STOCK
£100,000 STOCK VALUE
INVESTOR’S DREAM
SAME HANDS FOR MANY YEARS
LOCATION:
This business is situated in a very good location in a major town close to Southend with ample car parking facilities, having been established for many years and being extremely well known within the area.
DESCRIPTION:
As previously mentioned, the business is situated in an extremely busy location with ample car parking facilities and based on two floors, totalling almost 3,000 sq.ft. which includes some storage area. The business specialises in all forms of ski wear and has, within the last few years, bolted on an equine accessories business. The business also benefits from a very active website which will be available as part of the sale. It is currently run s a family business and is now only coming to the market because of a change in circumstances within the family.
TENURE:
We understand from our Vendor Client, who is the freeholder, that the business will be sold with the benefit of a new 15 year lease at a current rental of £1,500 pcm. Terms and conditions of this new lease can be discussed with the freeholder. We understand that a break clause within the lease could be effected and also rent revisions terms would need to be discussed with the freeholder.
OPENING HOURS:
The business is currently opening from 9.30 am until 5.30 pm from Monday to Saturday. However, the business is currently closed all day Wednesdays and Sundays.
STAFF:
Currently staffed by the Vendor and his wife with the assistance of two part time ladies.
TURNOVER:
Audited accounts are available from our vendor Client to show that in the last two years the turnover of the business has been for 2009 - £195,000 and for 2010 £197,000 and the gross profit margin is averaging some 40% with a reconstituted net profit of some £106,000 per annum.
PRICE:
We are instructed by our Vendor Client to offer this most lucrative business for sale at a price of £165,000 which would include the benefit of the new 15 year lease, the abundance of fixtures and fittings, the goodwill and will also include approximately £100,000 worth of stock. Therefore, this business, returning a reconstituted net profit of some £100,000, is available at a net price of £65,000.
AGENT’S NOTE:
It is rarely any quality business of this nature comes to the market and PPS are indeed proud to offer this extremely well established business for sale. We would assure any discerning purchaser figures as quoted above are correct. Audited accounts are available. The Vendor is open to discuss all the facts and fixtures with any genuinely interested applicant and we would urge early viewing of this business to avoid disappointment.
VIEWING:
By prior appointment with PPS on 01702 602888.
TERMS:
Each party, Vendor and Purchaser are responsible for their own legal fees. Each party, Vendor and Purchaser, are responsible to pay 50% each of the Landlords costs in assigning the lease. | | | | | | FOR SALE | | | | | REFERENCE: | M333 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
