Great South Coast Surf and Skate Shop For Sale

Business description

If you have ever wanted to own a well priced retail clothing business at the very cutting edge of street fashion, now is your chance. The asking price for this super surf and skate shop in the heart of Dorchester is only £25,000, for which you get a great retail outlet just off the main street and in the heart of the town's shopping area, exclusive contracts with major skate and surfing brands, a well known local presence and a loyal customer base. Turnover is £120k and this produces an adjusted net profit of £20k per annum.

There is huge potential to increase profits and turnover significantly. Exclusive relationships with famous brands as well as a new on-line retail presence make this a very exciting opportunity.

The business has been going for some seven years and during that time has established its street cred as THE place in Dorset to buy the best skate and surf fashion.

The business has the exclusive rights to sell within Dorchester the well known brands of QuickSilver, Roxy, Rip Curl, Salt Rock, Reef and Protest.

The owner has also recently established an excellent on-line retail presence at and already, after only a matter of weeks, this is making a significant contribution to sales.

By her own admission the vendor could have increased profits by buying less stock but she has enjoyed indulging her tastes by buying a broad range of clothing.

In addition to the approximately 350sqft retail shop there are also two good sized storerooms and an office/store room all above the shop and easily accessible. The owner is also willing to include as part of the sale the transfer of the lease of a car space nearby which at only £450 per annum, is worth its weight in gold.

The business is let on a fully repairing lease with one year left to run but with an option to renew. Alternatively the landlord is willing to grant a new lease to a suitable purchaser for 5-10 years as required.The vendor has just contributed to the cost of a new roof for the building so any dilapidations in the future are likely to be minimal.

There is probably some £40k of stock but which has a written down value of £25k and is in addition to the sale price.

The business employs one full time shop assistant who works Monday-Friday 9-5 and the owner works in the shop on an occasional basis during the week as well as on Saturdays 9-5. The shop is shut on Sundays.

The vendor is keen to retire to spend more time with her family and the business is priced accordingly.

Property information

Property:

Leasehold

Other information

Reasons for selling:

Retirement

Trading hours:

M-S 9-5

Inventory / Stock value:

£25,000