Office Supplies To The West End Of London | | Undisclosed London | | LONDON OFFICE SUPPLIES TO THE WEST END OF LONDON Extremely well established business which has been trading for over 10 years Excellent customer reputation with high repeat and referral rate Member of a buying group which ensures they always receive the best possible purchase price The business is fully re-locatable anywhere in the area to suit a new owner A/T: £409,272 L/H: £195,000 + SAV REF: 1273HA | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72773
ADVERT IMPRESSIONS : 11,252 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Office Shops | | SALE: | Agent Sale | LEASEHOLD: | £195000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business presently operates from leased premises based in Wembley but could easily be re-located anywhere in the area
HISTORY
• The business was founded by the present owner over 10 years ago during which time it has developed an enviable local reputation for providing an excellent service, together with fair pricing
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the vendor wishes to pursue an alternative unrelated business venture
PRODUCTS
• The business supplies any type of equipment or stationery that any office would require
• A full catalogue is given to all clients to peruse at their convenience which contains all the products on offer
• Circa 15 – 20 orders per day are received, these are then placed with the wholesaler for delivery the following morning into his premises, from where they are immediately despatched
• In addition, the business also supplies tea, coffee, juices, water etc and takes in printing work which is sub contracted to a local company
CUSTOMERS
• The business only currently serves clients who are based in the West End of London, of which there are approximately 90, of those, circa 70 order on a very regular basis
STAFF
• The vendor works full time in the business and has a self employed driver and a part time self employed book keeper who works approximately 2 days per week
TRADING HOURS
• Weekdays 8.00am to 7.00pm
FINANCIALS
2011 2010 2009
Sales 409,272 373,699 393,508
Gross 34%
Net 62,888 32,337
• Stock holding £20,000
PREMISES
• Circa 1,500 square feet ground floor premises of which approximately 300 square feet are offices with the remaining 1,200 square feet used for storage
• The storage area is part racked out and has an electric roller shutter door for easy access
• It has a side kitchen area and a unisex w/c
• The premises benefit from being double glazed, have Redcare Alarm system and also has a 6 camera cctv system
STRENGTHS
• An extremely well established business which has been trading for over 10 years
• Excellent customer reputation with a high repeat and referral trade from a loyal local client base
• The business is a member of a buying group which ensures they always receive the best possible purchasing price
• The business is fully re-locatable anywhere in the area to suit a new owner
• Current annual sales of circa £410,000 which is producing a gross margin of approximately 34%
SCOPE
This is clearly already a successful business. It does however, still offer excellent potential to increase both sales and profits in the future by:
1. Expand the working area beyond the current West End of London only area
2. Up sell different products to the existing clients
3. Develop warm leads given by the buying group within the existing working area
TENURE
• Leasehold
• Original lease length: Holding over
• Rent: £8,000 per annum
• Rates: Included within the rent charge
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: | 1273HA / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
