Asking price: £1,295,000

Sales revenue: £717,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Retail Factory Shop with Freehold Premises
Clothing,Textiles, Footwear, Toys, Stationery and gifts

This is a unique opportunity to acquire a successful, independent, family run retail factory shop and restaurant situated in the beautiful Peak District in Derbyshire. Formerly a textile mill, which was formed in the early 19th century, it has been a retail factory shop since 1981 and is now one of the largest independent factory shops of its kind in the UK. The shop sells a vast variety of merchandise including, men’s, ladies and children’s clothing, household textiles, footwear, toys, stationery and gifts. A restaurant and coffee shop was introduced in 2005 and has proved to be a huge success within the business.

The business is in an excellent location which attracts a constant stream of visitors to the areas nearby attractions. There is ample free parking for circa forty vehicles.

The business is well established, open seven days a week, and accepts visiting coach parties of tourists on a daily and weekly basis.

The half acre site and premises are freehold and the owners suggest that there are opportunities to develop the site further, with the spare land available.

The business is run by a husband and wife team. It is profitable with no bad debts, easy to run and has consistent sales and profits over the past twenty years. There is an excellent opportunity to grow the business further for new owners, simply by building on the successful formula that the owners have put together.

Customer Service:

Customer service is paramount to any retail operation and the success of this business has been built on friendly staff offering advice and valuable knowledge to the customers. The shop has built an enviable reputation for quality and value for money.

Within the shop the owners have maintained special windows into the manufacturing area where there are several Bentley Komet knitting machines capable of producing socks and legwarmers. Some of these items are on sale in the factory shop.

The restaurant and coffee shop, which can accommodate 60 people offers excellent value serving freshly cooked breakfasts, lunches and afternoon teas. Parents with small children can use the children’s play corner. On Sundays the roast lunch is extremely popular with a 2 course carvery.

Equipment:

There are several fully functional knitting machines, which are still used to knit hosiery and other more unusual knitted products. All of the machines are used on a daily basis and would be included in the sale of the business.

The shop has a large amount of fixtures and fittings which would also be included in the sale.

There is also a fully equipped kitchen and restaurant. All cutlery, crockery, tables and chairs are included in the sale. The restaurant areas have two stained glass ceilings of exotic birds which were hand made in Halifax.

Key Strengths:

The business has been developed by offering a full shopping experience to their customers. They have a wide range of merchandise from clothing right through to household items all at factory shop prices.

The mill and restaurant are situated in a busy market town, enjoying the benefit of constant trade from the local townspeople. Located in such a picturesque part of the Peak District the business is also a great attraction for tourists and coach parties.

Even if the customers fail to spend in the factory shop, which is unlikely, they invariably visit the restaurant and coffee shop and have a drink and a bite to eat.

The business is well run with good cash flow and no bad debt. The owners have an expertise and knowledge gained over twenty eight years, which allows them to buy and sell the best range of merchandise necessary for the factory shop, and the menu for the restaurant and coffee shop has been perfected over the past four years. There is excellent scope for growth and expansion within this company.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover is circa £717,000 per annum with gross profits of circa £308,000.

Years established: 1981

Employees: The owners look after the daily running, finance, buying, marketing, restaurant and administration of the business. Within the staff, there is one full time shop manager, two team leaders and eight part time sales assistants. In the restaurant there is a head cook, a part time cook, an assistant manager and five part time helpers.

Property: Freehold

Location
They are on a half acre site with a number of different sales rooms on the ground floor which make up the sales floors, storage rooms, a knitting room and a restaurant and coffee shop. Upstairs there are offices and storage facilities.

At the bottom of the car park is a plot of land which is rented out which brings in extra revenue to the business.

Expansion potential
The company has grown steadily over the years and the owners believe that there are excellent opportunities to take the business forward over the coming years. They have been trading consistently over the past twenty eight years. The owners believe that there is scope to expand the work wear and household linen section in the shop and to also expand the coffee shop, as it is often bursting at the seams. With marketing expertise from a new owner, and with fresh ideas and enthusiasm, the business can grow to a new level. The owners run all of their administration and stock control manually. Implementation of a computer system and epos system would allow a better day to day running of the business.

Competition / Market
The business has a well planned and strategic marketing spend, which is aimed at the tourist market. They produce 60,000 leaflets per annum which are distributed to Hotels, Guest Houses, Tourist Information bureaus and museums in the Derbyshire and East Midland area. They also, from time to time, advertise on the local radio and in the local press.

Support & training
The owners would be happy to help out with a smooth transition of the business and help in any way possible. They are prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis.

Reasons for selling
The owners have been working tirelessly building the business up for the past 28 years. They would now like to take life a little easier and believe this would be a perfect time for someone to take the company forward onto the next level.