Home Garden & Leisureware Dorset For Sale

Business description

HIGHLIGHTS:
Retail Home, Garden & Leisure – Dorset Coast
Leasehold – Prime Location Town Centre
Popular Tourist Area
Opportunity To Improve Sales & Profitability
Ideal For Owner Manager

BUSINESS:
The business, established by the vendor in 1999, sells a wide range of home, garden and leisure goods.

Homeware stock includes bedding, towels and bathroom accessories, cleaning and kitchen products, stationery and travel goods.

Seasonal goods include :
• Gardening products in the Spring
• Beach & leisure items in the Summer
• Christmas lines during the Autumn

The customer base is made up of predominantly local, regular and loyal customers, which is supplemented at weekends and during the summer season by the large volume of holiday makers and visitors to the area.

LOCATION:
Prime location – Dorset Coast

TENURE:
Leasehold. The premises will be held under a new flexible lease with an initial rent of £18,500 per annum.

ESTABLISHED:
1999

EMPLOYEES:
The vendor works minimal hours in the business due to other commitments. Two people job-sharing cover the managerial role and they are assisted by up to 5 part-timers, with 2 Saturday teenagers helping at busy times. We are informed that two owners could run the shop without staff, apart from Saturdays & other peaks periods.

TRADING HOURS:
Varied hours winter & summer season

SALES REVENUE:
Turnover ranges between £155,000 and £170,000 p.a. Gross margins have improved over the past three years from 42.4% to 50.8%.

OPPORTUNITIES:
A very well established business which has evolved over the years to meet the requirements of its customers and also to optimise margins from, and benefit from, changing opportunities.

The shop is currently run under management, which offers significant potential for new ‘working’ owners to improve both sales and profitability, by building on the strong foundations laid over many years by the current owner.

Ideally situated in the High Street, close to several ‘national’ retailers, the footfall is heavy, being near to car parks and the railway station.

GUIDE PRICE:
The vendor has reduced the asking price from £55,000 to £25,000 plus stock at valuation, for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory.

SUPPORT & TRAINING:
If required appropriate training will be provided by the vendors after Exchange of Contracts has taken place.

Property information

Property:

Leasehold

Lease terms:

Leasehold. The premises will be held under a new flexible lease with an initial rent of £18,500 per annum.

Other information

Trading hours: