Asking price: £52,000

Sales revenue: £153,800

Net profit: £58,200

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established and profitable hair and beauty product wholesaler.

Established over 15 years ago and in the hands of our client for over 8 years, the business is only now being reluctantly offered for sale due to retirement plans.

Currently staffed by the vendor full time with the assistance of only one employee who works approximately 28 hours per week, the business stocks a large range of hair and beauty products and in rare instances where an item is not immediately available, he will arrange for speedy delivery.

The business has an excellent local reputation from the many salons in the area as well as the large number of mobiles. Approximately 70% of sales are to hair salons, 5% to beauty salons and 25% to mobiles. Our client delivers circa 65% of orders with the balance being collected from the shop. These deliveries take approximately two half days per week with 90% of them being within a 25 mile radius of the shop.

We are advised that stock at cost is approximately £70,000.

Our client is prepared to work with a new buyer for a period of time to ensure a smooth transition and to effect customer and staff introductions.
REF: 9182GL

Trading hours: Mon-Thurs: 9am – 5.30pm Fri: 9am – 4pm Sat – Sun: closed

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 years Remaining lease: 3 years 8 months Review every: 5 years Rent: £7,250 P.A. We are advised that the annual business rates are currently: £1,440

Location
The business is ideally located on a small trading estate just off a very busy through road of an affluent town in the heart of the Cotswolds.

Situated close to the M5 motorway, nearby towns include Stroud, Gloucester, Cheltenham and Cirencester.

The business has allocated car parking spaces for 3 – 4 cars and there are plenty of spaces nearby on the estate and in the nearby streets, which are all free of charge.

Expansion potential
This established business offers excellent potential to increase both turnover and profits substantially by: 1. Put in a mezzanine floor to offer additional sales lines 2. The shop could be run by only 1 person with the deliveries by a carrier, this would save approximately £10,000 in staff wages 3. Approach the many salons who do not currently buy from the shop

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