Long Established Traditional Book Shop In Ludlow For Sale | | Ludlow Shropshire | | • Long established traditional book shop • Strong town centre popular tourist location • Low overheads – easy to run business • Only for sale due to retirement • Scope for a new owner to increase sales | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65023
ADVERT IMPRESSIONS : 8,036 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Book Shops | | SALE: | Agent Sale | LEASEHOLD: | £15000 | ANNUAL RENT: | £7990 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This leasehold business is situated on the edge of Ludlow town centre which was built on the banks of the River Teme and started with the construction of a Castle in 1086, parts of which still remain. The town is now one of the largest towns in South Shropshire with a population of around 10,500. In addition to this there are many surrounding farms and small villages whose residents use the town for shopping.
The town has retained its unique medieval street layout, which features a large number of various individualistic shops that are mainly independently owned, of which this business is one. There is also market, which has been held since the twelfth century and now operates four days a week. One of the main sources of income for the town is the tourist trade, who love the history, the street layout and the 500 listed buildings, as well as the shops.
TRADE
The primary area of business is the sale of new books with around 8,000 titles available. The business has been established for twenty years and is a member of a buying group which enjoys generous discounts through Bertrams wholesalers who deliver daily. This eliminates the need for stocking large quantities of individual books, other wholesalers are also used.
The shop is a member of the HIVE consortium for online sales. A new website is about to be launches and the shop hosts a book group.
The business has been trading with the same owner for nearly twenty years, making it a sound secure business. The accounts for year ending 6th July 2010 show a turnover of £69,103 with a gross profit of £17,018, (24.6%)
School sales feature strongly; the business already regularly supplies several local schools and colleges with their educational books. In addition it benefits from the tourist trade by offering a good selection of local and national maps and once tourists are in the shop, they appreciate the many and varied books on offer. Most small town shops also have a loyal customer base in the local residents who like to support their town businesses.
A small amount of other items are available in the shop, including calendars, a selection of greetings cards, speaking books, maps and DVDs. All of these are areas where expansion is possible especially the DVDs which are recent additions and have proved popular.
There are virtually no local competitors; the only other shop selling conventional books is a combined Artists materials and book shop. There are shops selling second hand books, but neither Waterstone’s nor W. H. Smith have outlets in the town | | | | | | FOR SALE | | | | | REFERENCE: | BS8440K / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
