Exciting Opportunity Internet Retail Business For Sale

Business description

This is an exciting opportunity to acquire this well established internet retail business which has been operating since 2006.

The business retails discounted products including toys, games, household and electrical goods. These are good quality branded goods which due to the wholesale contacts can be bought at a price which allows them to be sold through the internet for less than half of their recommended retail prices. This also allows them to be sold at a cheaper price than other internet retailers yet still reaching a good gross profit margin in the region of 30%.

The business currently sells its stock through eBay with a feedback rating approaching 10,000 and Amazon as a preferred Market Place Seller, both these accounts are included in the sale and will be transferred upon completion.

There is huge scope for expansion including the setting up of your own website, offering stock to high street retailers on a wholesale basis and opening a retail outlet on site.

The business is currently operated from a convenient and affordable Leeds location although a significant amount of the working week can be done from home due to the internet based nature of the business.

The business premises are 1,500 square foot and include a large warehouse, offices and showroom. The rent is only £5,000 per annum and the lease expires in October 2012. The business can easily be relocated but the remaining lease would need to be settled, although this may be negotiable with the landlords.

Due to other commitments the current owner can only spends 5-10 hours per week on the business, although even for it to be run at full capacity it would only require 20-25 hours per week, allowing for massive flexibility.

There is currently in the region of £10,000 of stock which is in addition to the asking price.

Property information

Property:

Leasehold

Lease terms:

The rent is only £5,000 per annum and the lease expires in October 2012. The business can easily be relocated but the remaining lease would need to be settled, although this may be negotiable with the landlords.

Leasehold rent:

£5,000 per annum

Location:

The business is currently operated from a convenient and affordable Leeds location although a significant amount of the working week can be done from home due to the internet based nature of the business.

Premises details:

The business premises are 1,500 square foot and include a large warehouse, offices and showroom.

Size in square feet:

1,500

Other information

Expansion potential:

There is huge scope for expansion including the setting up of your own website, offering stock to high street retailers on a wholesale basis and opening a retail outlet on site.

Support & training:

The buyer will receive support and training from the current owner.

Trading hours:

Due to other commitments the current owner can only spends 5-10 hours per week on the business, although even for it to be run at full capacity it would only require 20-25 hours per week, allowing for massive flexibility.

Furniture / Fixtures value:

£2,500 (included in the asking price)

Inventory / Stock value:

£10,000

Website:

www.amazon.co.uk/b/026-3842369-3286002?ie=U