Busy Dunstable School Uniform Supplier & Alterations Services For Sale

Business description

Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £35,000 with a net profit of £10,815 (see financial summary below).
- A business with great potential which has not been exploited because low staffing levels and a low profile of marketing activities.
- An easily run operation.
- A good first time buyers business.

History
Agents are delighted to place onto the market this very busy school uniform supplier and alterations service which has been established for over 25 years. The business has been in the hands of the current owner since 1985 and she now wishes to sell due to genuine retirement.

Services
This very good business opportunity provides approved school uniforms and clothes and curtain alterations.

Staffing
The concern employs one member of staff who is part time. The member of staff would stay on after a sale.

Owners Role
The owners’ role is hands on and she works five days per week.

Marketing
The owner markets the business in local internet listing via the local council but doesn’t have her own website.

Competition
As far as competition is concerned there is very little, especially in the alterations area of the business.

Market
The client base consists of mainly local residents up to a ten mile radius.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Thursdays.
• Increasing the number of local schools on the approved supplier list.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The property is terraced and is part of a parade of shops and is approximately 150 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

In the basement there are fitting rooms and a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £2,000.

Financial Details
The present turnover is £37,338 per year with a gross profit of £26,799 and a net profit of £10,815. The present value of the stock is £4,000.
The potential turnover of the business within the next 2 years is forecast to reach £57,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Broker will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The current arrangement is a license on a rolling yearly basis but a new lease agreement can be arranged. The rent is £2,000 pa with a review in 2011. The rates have been £1,365 pa but will be free in 2011.

Leasehold rent:

£2,000 pa per annum

Location:

- Situated in the town centre area of Dunstable in Bedfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- Area offers a good lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A5 and A505.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 150 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

In the basement there are fitting rooms and a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Thursdays.
• Increasing the number of local schools on the approved supplier list.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is very little, especially in the alterations area of the business.

Reasons for selling:

Owner now wishes to sell due to genuine retirement.

Trading hours:

Monday to Wednesday: 9 am to 5 pm.
Thursday: Closed.
Friday to Saturday: 9 am to 5 pm.
Sunday: Closed.

Employees:

The concern employs one member of staff who is part time. The member of staff would stay on after a sale.

Years established:

25 Years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£2,000 (included in the asking price)

Inventory / Stock value:

£4,000