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Sunday 20th of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Freehold:
£365,000
Leasehold:
£89,999

Well Established Clothing Provider Premium Advert

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Reference13977 I / RightBiz
Status
FOR SALE
Advert ID198216
LocationYeovil, Somerset
SectorClothing Businesses, E Commerce Businesses
Freehold Price£365,000
Leasehold Price£89,999
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LOCATION
Yeovil is a town and civil parish in South Somerset, England, with a population of circa 45,000 as of the 2011 census. The town lies within the local district of South Somerset and the Yeovil parliamentary constituency, situated at the southern boundary of Somerset, 130 miles (210km) from London, 40 miles (64km) south of Bristol and 30 miles (48 km) from Taunton.
The business is perfectly situated in a period property which was formerly a bank and is of generous proportions making it ideal for this type of business. Located on a busy street in the main shopping area of Yeovil and as such benefits from high levels of footfall and passing trade. There is free on street parking nearby as well as a number of inexpensive public car parks. The business is well signed.
The town has two railway stations on two separate railway lines providing excellent public transport links. Regular bus services run throughout the day in the town and out to surrounding towns and villages.

BUSINESS
Hilton Smythe welcomes to the market Silton Manor Ltd, t/a Schoolwear and More.

1.Business including freehold £365,000 plus SAV
2.Business only (leasehold) £89,999 plus SAV.

The business was founded by the current owners in 2001 and is now being sold reluctantly to concentrate on other business interests.

Schoolwear and More is a specialist supplier of school uniforms offering both plain and logoed items as well as a great range of trousers, blouses, shirts, socks, sport and swimwear. They also supply bespoke items and personalised corporate wear and look after nearly 45 primary and secondary schools in Somerset and Dorset.

In addition, they also stock a wide range of regulation ballet, general dance and stage production garments along with dance shoes. Also the supply of Cubs/Scouts/ Brownies and Guide Uniforms.

Schoolwear and More are proud to be part of the ‘School Wear Association ‘. The sale includes an
e- commerce website and enjoys fantastic reviews online and a visible presence on the internet.

The business has many regular customers and a significant part of the business comes from referrals from happy customers.

Scope to Improve
1.Advertising and marketing campaign
2.Maximise the use of social media
3.Extend the opening hours
4.Expand the area covered geographically.

PREMISES & EQUIPMENT
The business occupies a substantial period style, terraced property which was formerly a bank and has been increased in sized by the acquisition of part of a former pub next door, now a coffee shop.

The building retains many original period details such as oak front doors and sash windows and really needs to be viewed to appreciate the generous size on offer.(circa 370sq m). The business is presented and maintained to the highest possible standards.

Ground Floor Shop
A generously proportioned shop which is stocked to the rafters with stock. Windows to front creating a light, airy and inviting interior, suspended ceiling with concealed lighting, wooden flooring to the front of the shop and around counter with the rear being carpeted throughout. Perimeter shelving and hanging rails, central display gondolas, bespoke counter with till, card machine and generous wrapping area, CCTV system.

Ground Floor stores
To each side of the main store, at the front of the building are two generous store rooms with hanging rails currently housing stock items that are awaiting collection.

Rear stock Room
An enormous room (previously part of a skittle alley) beautiful original wooden flooring, fluorescent lighting, bespoke shelving and hanging rails.

Further store rooms
To the rear and side of the rear stock room are a number of unused rooms of good proportions that offer further storage space and that may have sub-letting potential perhaps as offices or a complimentary business.

First floor
The first floor is again substantial with a number of good size store rooms with Dexion type shelving, there is also access to the roof space via a hatch and a pull down wooden ladder.

Toilet and separate shower room.

Kitchenette
There is a kitchen area with window to rear, circular stainless steel sink with Monobloc tap, a circular drainer, run of worktop with space for kettle and a microwave, cupboard beneath with space for fridge.

TENURE
We are advised Freehold.

The owners would ideally like to sell the Freehold along with the business but would consider selling the business only and leasing the premises to a new owner at a mutually acceptable rent and with a term to suit both parties.

Business rates of approximately £2000 per annum are currently payable.

HOURS
The business currently opens:-

Monday to Saturday 9.00am to 5.00pm and some Bank Holidays depending on the school year.

STAFF
The business is run with the help of one full time and three-part time members of staff and 2 Saturday team members.

FINANCIAL PROFILE
In 2016 the business enjoyed a turnover of approximately £370,000 with a gross profit of roughly 42%.

The business continues to grow.

REASONS TO BUY
1.A well-established business with an enviable reputation, many existing customers and contacts with around 45 schools
2.Little or no competition locally
3.Ideal owner managed or husband and wife business
4.Current owners happy to offer a handover to ensure the continued success of the business
5.Includes an e commerce website
6.Real opportunity to increase turnover significantly, current owners have been running alongside their other business interests.

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