Asking price: Undisclosed

Sales revenue: £450,000

Net profit: £90,000

Fixtures value: Undisclosed

Stock value: Undisclosed

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