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BUSINESS REFERENCE : IC007 / RightBiz SPORTS EQUIPMENT AND SCHOOL UNIFORMS SHOP | | | | | | Sports Equipment and School Uniforms Shop Confidentially offered for sale Ref No: IC007 Location: Herefordshire Asking Price: £150,000 + Stock | | | BUSINESS LOCATION: | Undisclosed Herefordshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This reputable and well-known business was established in 1997 in leasehold premises in the heart of a rural town. It specializes in two key areas of retailing. Firstly it supplies school uniforms and sports kit to a number of local primary schools and two large public schools with whom it has excellent and ongoing relationships.
Its commercial embroidery equipment gives it the ability to create and complete badges and logos on site. In addition to which it carries a significant range of high quality cricket clothing and equipment plus a more limited selection of stock for the rugby, hockey and bowling enthusiast.
It has built its reputation based on giving time and sound advice to each and every child, parent and sportsman and being able to supply the right quality of kit to suit the budget and skill level of every customer. As such the business has grown to its present position by word of mouth and referral.
Growth and Expansion:
There is a great opportunity to expand this business further. There are a further thirty schools in the area all of whom need shops such as this to supply their uniforms and equipment. In addition to which ongoing supply relationships with sports clubs could be enhanced and a broader range of equipment brought in to include additional sports such as running, tennis, squash and badminton.
This would increase revenue levels and bring in new customers from further field. These additional sports have associations and clubs that like their members to wear kit carrying their logo or emblem, all of which can be carried out in house on an item by item basis.
Employees:
This is a compact and well-managed business predominantly run by a husband and wife team but using a part time assistant when required.
Advertising and Marketing:
The business has its own web site and carries out some advertising in the local press.
Premises:
The leasehold premises are closely situated to the main shopping area of the town. This location gives excellent access without the cost of high street rents.
The single fronted shop is split into two parts, school clothing and sports equipment and is supplemented by a small kitchen / work station housing the commercial embroidery equipment.
The annual rent is set at circa £14,000.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business presently enjoys a turnover in the region of £235,000 that is reflected in a profit in excess of £42,000. Stock levels fluctuate between £20,000 and £25,000.
Reason for Sale:
Having spent the last ten years building this business to its present profitable and successful position the owners feel that it is ready for a fresh team to take it through its next logical growth curve. They are seeking new challenges in a different market sector.
Support and Training
There will be a complete and professional handover for a period to be agreed as part of the overall sales negotiations | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IC007 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
