Home Furnishings & Gfits Retailer | | Undisclosed Berkshire | | BERKSHIRE HOME FURNISHINGS AND GIFTS RETAILER Located on a busy main road part of the premises sublet to a carpet retailer @50% of rent Vast array of products A/T: £85,000 GP: £42,500 Scope for further products & sales through eBay L/H: £45,000 +SAV REF: 1146RG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66968
ADVERT IMPRESSIONS : 10,759 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Gift Shops | | SALE: | Agent Sale | LEASEHOLD: | £45000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is located on a busy roundabout off a main arterial road near an affluent town in Berkshire
HISTORY
The business was founded over 12 years ago and has been owned by the present vendor for over 3 years
REASON FOR SALE
The business is only now being reluctantly offered for sale as they wish to retire
PRODUCTS
The premises is an Aladdins Cave of products which include:
Mirrors, pictures, clocks, glassware
Photo frames, rugs, accessories
Handbags, jewellery, fragrances
Hand made gift cards
Rattan chairs, furniture, occasional, coffee and hand painted tables
Ornaments
Much more
CUSTOMERS
90% of customers are estimated to be within an approximate 20 mile radius of the store with the remaining 10% from passing traffic
SERVICES
Approximately 15% of the premises are sub let to a carpet retailer who in return pays 50% of the entire rent of the store
STAFF
The vendor full time
One part time employee, who works 2 days a week
TRADING HOURS
Weekdays 9.30am to 5.30pm
Sunday: 10am 4pm
FINANCIALS
Yearly takings £85,000
Gross profit margin £42,500
Net: £15,000
Stock holding £35,000
PREMISES
Detached single storey lock up situated by a busy roundabout of a main arterial road in an affluent area, it briefly comprises:
Front side entry door into the store or rear centre entry from own car park
Sub let carpet area which takes up circa 15% of the store
Product all around the side walls and down the centre of the store
Side counter and till
Alcove down side of store with office, kitchen area and w/c
There is a large steel container in the car park which is full of products
The rear car park can accommodate several cars
The premises also benefits from being alarmed
STRENGTHS
An extremely well established business which has been trading for over 12 years
High visibility location by a busy roundabout in an affluent area
Excellent local reputation with a high repeat and referral trade
Huge stock selection
SCOPE
Have a greater stock selection
Advertise more none is done currently
Have an interactive web site with full details of stock on offer
Sell of older slow moving stock on eBay
TENURE
Leasehold
Original Lease 5 years
Remaining lease: 2 years
Review every: 3 years
Rent: £15,000 per annum
Rates: £1,200 per annum
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: | 1146RG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
