Asking price: £18,000

Sales revenue: £100,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Norfolk Business Sales is pleased to offer for sale this business which our client is placing on the market in order to enjoy a well-earned retirement. The business was founded in 1961 by the vendor’s family and specialises in railway and general modelling accessories, from leading suppliers such as Hornby, Bachmann and Peco.
They also stock a wide range of art and craft materials from Winsor & Newton and Daler-Rowney.
The ratio of sales is approx. 85% modelling to 15% art materials with the business benefiting from a loyal customer base with very little local competition. The shop is currently run by the vendor with the assistance of his daughter on a full time basis.
There is a limited mail-order side to the business, which we believe could be developed extensively to include internet sales. We believe that the business would appeal to a modelling enthusiast or a company seeking additional outlets.
N.B. Although offered on a leasehold basis the Vendor is open to offers in the region of £195,000 for the Freehold which includes the business premises on the ground floor and living accommodation on the first and second floor.

Years established: 44 years

Employees: Vendor + 1 full-time

Trading hours: Mon – Sat: 9.00am – 5.00pm Thurs & Sun: Closed

Property: Leasehold

Lease terms
New lease available

Living accomodation
Spacious retail outlet located on the ground floor of a 3 storey building, briefly comprising: Main Sales Area - Total area of approx. 800 square feet. - Large window display area with main entrance to the side. - Wall mounted display cabinets and racking. - Purpose-built display units for paint etc. - Sales counter with till/credit card m/c. Doorway to: - Rear office. - Toilet/washroom. External - On street parking to the front. - Loading access via service road at the rear.

Location
The business is ideally located on a busy main road leading into the town, which makes it easily accessible to its diverse customer base.
The town itself enjoys a wide-ranging industry base, together with the summer tourist trade.

Expansion potential
Mail order and internet sales

Competition / Market
Very little competition

Support & training
As required

Reasons for selling
Semi-retirement