business for sale

Extreme Sports

Sale Memorandum

Extreme Sports Retailer
Mountain Boards, Rock Climbing Equipment, Surfing, Ski and Snowboarding Equipment, Clothing, Footwear, Accessories Organised Events, Surf & Snowboard Servicing


Ref.IC004

Location Bristol

Asking Price £135,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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A fantastic opportunity to purchase a well established Extreme Sports Retail outlet with huge potential for growth in this profitable and rapidly expanding market sector. Located one mile from the city centre in an area enjoying significant commercial investment
Asking price includes

Fast growing sales of circa £110,000 per annum
Established client/customer base
Excellent supplier relationships
High quality range of products
Complete Turnkey Operation
Strong growth opportunity
Excellent profit margins
All fixtures and fittings
Training and handover
Immaculate premises
Informative Website
Excellent reputation
Computers system
Security System

Business profile:

Established three years ago this business specializes in the exciting and highly desirable Extreme Sports Equipment market. This includes including Rock Climbing equipment, Mountain Boards, Surf Boards, Ski/ Snow board equipment, Wet Suits, Power Kites and a comprehensive range of clothing associated with the Outdoor Lifestyle.

Top brands include:

Helly Hansen, Protest, Saltrock, Onfire, Balin and Oakley.
Technical equipment from Jack Wolfskin, Dakine, Nordika, Palmer and Petzl.
Hardware from Dirty Dog, Troll, Red Chilli, Flow, Drake, Trampa, MBS, Wild Country, HB, Ozone and PKD.

Location:

The business is situated in two separate locations. The main shop is in a spacious double fronted retail unit of circa 3000sq ft on one of the main routes into the city centre.
This is a very well appointed outlet, recently decorated and carrying a broad range of stock. On going investment has ensured that the neighbourhood is rapidly becoming a fashionable area to live and work, making it an ideal location for a lifestyle company.
The second site is located at a local and very popular Dry Ski Slope, which has a monthly footfall in excess of five thousand visitors making it a superb retail outlet for all forms of sports equipment. There is substantial potential to expand this operation.

Security:

Roller shutters protects the premises and there is a 24hour monitored alarm system.

Clients:

The client base comes from a catchment area in excess of twenty miles radius.

Competition:

There is some local competition but none that carry such a diverse product range covering the broad spectrum of extreme sports. Additional funding would only benefit this position

Key Opportunities:

This industry is enjoying a massive growth in popularity. In addition to increasing levels of new customers the continual advances in technology ensure repeat customers buying upgraded equipment and protective clothing. While the business already benefits from a web site, on going development and regular updates would play a significant roll in growing the operatio
Advertising and Marketing:

Advertising in Yellow Pages and Yell.com is supported by occasional advertisements in local press and selected magazines.
Financial profile:
Management and Staff:

There is a full time manager in the shop who would stay on if required thus securing a smooth handover. In addition the present owner is willing to stay in the business for an agreed period prior to pursuing his other business interests, therefore making the transition seamless.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
The Manor Sweetcroft Lane Hillingdon Middlesex
Telephone 01895 25 6000 Facsimile 01895 20 6666
info@turnerbutler.co.uk
www.turnerbutler.co.uk

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

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