Asking price: £195,000

Sales revenue: £250,000

Net profit: £60,000

Fixtures value: £80,000

Stock value: Undisclosed

Business description
This high quality bespoke business was founded by the vendor in 1985 and has become a significant high street enterprise, bearing the vendor’s name with a reputation for the quality and variety of its products, service and reliability.

The business enjoys a prime high street location in one of the most accessible areas of London. The area is regarded as one of London’s more affluent, where support of local retailers is commonplace and has lead to higher sustained margins for retailers such as this business. The business’s turnover benefits from its prominent position among other successful and well supported high street shops.

Years established: 24

Employees: 2

Trading hours: Tuesday to Saturday - 10 - 5.30.

Property: Leasehold

Lease terms
10 years remaining on 15 year lease, review, break clauses and rent reviewed 5 yearly.

Location
The business enjoys a prime high street location in one of the most accessible areas of London. The area is regarded as one of London’s more affluent, where support of local retailers is commonplace and has lead to higher sustained margins for retailers such as this business. The business’s turnover benefits from its prominent position among other successful and well supported high street shops.

Expansion potential
This business maintains an extensive database of approximately 3,000 satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in diversification and extension of product lines, marketing and underexploited internet opportunities.

Competition / Market
This business is unopposed in the immediate area.

Support & training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Related documents

		Sales Memorandum

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