Fantastic Profitable Lifestyle Business in South Hams For Sale

Business description

What a fantastic business! This business has been going for many years and is a fixture of this lovely South Hams town. The current owner works one day per week and earns £55,000 per year in profits. The business is very sensibly priced and will sell very quickly.

The business is a well-known retail presence on the high street selling shoes and outdoor clothing. Half the custom is tourist and half is local. During school holidays and before term time the shop is packed with parents buying school shoes for their children. All well-known children's brands are stocked. With outdoor gear also offered as part of the range, the shop caters for all weathers and seasons.

The owner has other business interests and spends only one day per week in the shop; in the mornings he does the books and in the afternoons he helps out on the shop floor. The owner also does the buying although seldom travels further than Exeter for his buying trips. For his trouble the owner earns £55,000 per year and has consistently done so for many years.

This is an extremely well run and consistently profitable business. The only downside is that by his own admission, the owner is probably carrying too much stock!

The business is on a 12 year lease with one year remaining. There is a right of renewal under the Landlord and Tenant Act. The lease is not fully repairing and the only repairing obligations are to paint the exterior of the shop.

The business employs one full time and 4 part-time staff.

The owner has instructed us to price the business at the bottom end of our value range in order to achieve a quick sale.

This is a terrific business which will definitely sell to a buyer looking for both an excellent income, an idyllic location and a very limited involvement in the day to day operations.

The selling price is £125,000 plus SAV with an estimated value of £60k.

Property information

Property:

Leasehold

Other information

Reasons for selling:

Retirement

Trading hours:

Monday-Saturday

Inventory / Stock value:

£60,000

Related documents:

• 
• NDA

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