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BUSINESS REFERENCE : AH057 / RightBiz INDEPENDENT SPORTS RETAIL - CLOTHING, EQUIPMENT & FOOTWEAR IN A PRIME RETAIL LOCATION | | | | | | Independent Sports Retail - Clothing, Equipment & Footwear in a prime retail location Confidentially offered for sale Ref No: AH057 Location: Southern Ireland Asking Price : £358,000 plus stock at valuation | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £358000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Long established, this enthusiastic family business retails an extensive collection of the highest quality sports clothing, equipment and footwear. Based in a prime location the store has established itself as a leading provider of sports clothing and related equipment, boasting some of the most competitive prices for today’s top brand equipment, footwear and clothing. The company retails a variety of brands to suit most budgets, and has gained an excellent reputation, and has plenty of return custom from loyal customers.
The comprehensive selection of products on offer by this well loved shop represents excellent value for money in relative terms maintaining higher added value margins for its owner. Today the business has an impressive and growing database of regular customers and a reputation for retailing the most wanted, up to date, products at everyday low prices.
The store is very well stocked to ensure clients requirements can be met on demand. Behind the scenes, the administration of the business includes and excellent computerised stock control system and bar coding
This is an ideal business prospect for buyers seeking a future in retail sales, which promises tremendous potential and has a history of strong growth.
Customer Service:
A high standard of customer service is a main concern for this business and has enhanced the excellent reputation the business has developed among its customer community. Customers are a top priority and staff are always happy to help, offering honest and helpful advice.
Key Strengths:
A member of the Independent Sports Retailers Association (I.S.R.A), the strength of the company is founded on its consistence of retaining a high level of repeat business. Very well known, the store is smart and eye-catching and provides attractive premises for the business. It is ideally situated in a prime location and is always well stocked with a large variety of quality merchandise. The store is very well known for its range of products concentrating on its proven range of merchandise that is attractive to local buyers and visitors alike.
The company is proud of its excellent reputation and dedicated customer care, which are a result of the company’s skilled committed staff, and quality control over its products and services.
Employees:
The business is managed by the owner and his wife and employs 4 full time and 4 part time sales assistants. Staff are extremely knowledgeable and have a thorough understanding of the business operation enabling them to multi-task when necessary.
Growth and Expansion:
There is unlimited potential within this business; the expansion possibilities are endless due to the fact the company’s structure and premises are such so as to accommodate growth into new areas. The opportunity is ripe for a new owner to broaden the services and products still further by expanding into buying in younger sports fashion pieces and attending more trade shows. The business could also target the highly lucrative camping, biking or walking markets to name but a few.
Advertising and Marketing:
Most business is generated from customer referrals and word of mouth recommendations, bearing strong testimony to the business’s excellent reputation. The business would benefit from a comprehensive and attractive website, detailing the merchandise. Additional advertising could be advantageous through traditional means of radio, ensuring good publicity.
Premises:
The Prime retail store operates from leasehold premises over three levels, with circa 2,400 sq ft ground floor sales space, first floor storage office and canteen, plus basement storage.
Leasehold the rent is €91,000 per annum, rates €8,000 per annum, office and canteen on separate 3 year lease €6,000 per annum.
Business Hours:
9.00 am – 6.00 pm Six days per week
Security:
A fully fitted alarm system secures the premises.
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.
Sales revenue is consistently in the region of 1.2 – 1.3 Million Euros with 30% gross profit.
Reason for Sale:
The owner is hoping to retire
Support and Training:
Full support and training will be provided to the successful purchaser | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AH057 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
