Well-Established Retailer of Quality School Wear For Sale

Business description

Established in 1991, this thriving family run business specialises in the retail of premium quality boys and girl’s school wear and supplies exclusively for 6 local senior schools and 4 primary schools, who buy directly from the company. The business meets a growing demand for the provision of school wear which is made to the highest standard at affordable prices. This competitive advantage has ensured a high repeat client base and the pleasant, highly regarded store guarantees year round availability of uniforms.

The business supplies a range of quality school wear merchandise in a wide variety of sizes, designed to look good and to withstand everyday use in the school environment. It ensures continuity of colour and fabric weight. This enables the client to have total confidence in the products and ensures regular repeat business.

Staff have extensive experience and advise on the correct wear for the local schools, plus giving advice to parents, understanding their needs and offering a friendly and courteous old fashioned service. Key assets are found in the business’s established relationships, well-defined client base with high repeat sales.

Property information

Location:

The shop premises are situated on a main high street in a prominent East London main road. The premises are freehold, with an approximate value of £285,000. The premises measure approximately 850 square foot including an office. Plus a basement which extends in excess of 1,000 square foot, which is currently used for stock and alterations room.

The sale of the business can include the freehold by separate negotiation or a new lease would be granted by the vendor.

Other information

Expansion potential:

The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The high profitability of the business is mainly as a result of word of mouth recommendations, bearing strong testimony to the high reputation the business enjoys, and the extent to which its brand name is known. The business currently advertises its services through the Yellow Pages.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

The current vendor wishes to concentrate on other business interests following the sale of the business.