Silverware Wholesale And Retail Business In London For Sale - London, United Kingdom

Sales revenue: £450,000

Net profit: £90,000

Business description: Business Overview: Outstanding opportunity to acquire a highly successful and profitable silverware wholesale, retail and internet business Specialising in a broad range of popular and attractive unique products the business has established a reputation for quality, service and competitive prices Wholesale clients account for 30% of the sales revenue which provides a regular stream of large orders. Retail and internet clients account for the remainder Steady year-on-year sales achieved over last 5 years. Sales from January to May 2009 have increased by 21% compared with the same period in 2008 The shop is located in a prominent position on a popular retail and market street in a wealthy area of West London Established for over 25 years With an excellent location and established reputation, the business offers the buyer a great opportunity to grow sales and increase profitability significantly through further marketing and development of the e-commerce sales Reason for sale: Retirement Employees: 2 owners + 1 part time staff + 1-2 part-time staff as required Opening hours: 10am to 5.30pm Monday to Friday, 8am to 5.30pm Saturday Premises: Leasehold - 9 year renewable lease commenced in January 2008 The rent is £48,000 per annum. Rates in 2008 were £13,000. The total area of the premises is 770 sq. ft Financial overview: Year ending 31st January Sales revenue: 2008-09: £383,815 2009-10 Forecast: £450,000 EBITDA + director's taking's: 2008-09: £77,200* 2009-10 Forecast: £90,000* * Estimate based on percentage of sales revenue Sales for January to May 2009 have increased by 21% compared to the same period in 2008 Stock value ranges between £60k and £130k depending on the season. Offers invited

Years established: 25 years

Employees: 2 owners + 1 part time staff + 1-2 part-time staff as required

Trading hours: 10am to 5.30pm Monday to Friday, 8am to 5.30pm Saturday

Property : Leasehold

Location: High Street location

Reasons for selling: Retirement

Financing available? Hornblower Business Brokers Ltd has esbalished contacts with banks and other lending institutions and can introduce you to an appropriate advisor.

Related documents:  Confidentiality Agreement H09084 Business Summary