Household Retail/DIY Supplier, Coffee Shop,Off Licence & 5 Flats
Ref.AF063 Location London, South West LondonAsking Price £ 750,000Confidential offered for sale | |
Asking price includes:
Well-presented household shopping outlet in excellent condition
Well-known, trusted and respected name
Excellent variety of stock
Established repeat customer base
Excellent opportunity to grow
All fixtures and fittings
Training and handover
Excellent reputation
Leasehold property
Goodwill | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | This independent business was established in 2001. Over the last six years, the owners have created a unique supplier of all household goods from furniture through to dishwasher tablets! There is a large DIY section with a huge selection of paints and decorating materials.
Once shoppers have browsed a large selection of household goods, they can enjoy refreshments from the in house coffee shop.
Included in the sale of household goods and coffee shop, is an off licence and five flats above the shopping outlet. The flats have recently been refurbished and consist of 3 x 1 bedroom flats, 1 x 2 bedroom flat and one studio flat. In total the five flats generate a rental income of £77,000 per annum in addition to the revenue generated from the sale of household goods, coffee shop and off licence.
Fair prices, excellent location and a reputation for quality products and service have given this business year round potential.
There is ample free parking for customers and the convenience of being open throughout the year, seven days a week.
Customer Service:
The business prides itself on its reputation, unlike many competitors the business will not compromise on service to customers, or the quality of products it offers, there is little doubt that this has encouraged and sustained customer loyalty.
Key Strengths:
If as many suggest, the key to success in retail is Location, Location, Location then this outlet cannot fail. The Company stock an all-inclusive product range that comprises many major brand names. This stock is kept in a well-organised stock room; the Company operate a policy to keep products fully stocked in order to sell from store.
This approach to business has proved successful - not just for the business but also for customers who regularly visit. This business has achieved a recognised highly regarded name through its high quality merchandise and friendly image, making this store stand out.
A unique product range is a must to set the style of any well-established and traditional retail store. A wide-ranging array of beautiful goods, some seasonally selected, are available all year round and all under one roof. Customers are always offered honest, helpful and friendly service generating a high percentage of repeat business.
Growth and Expansion:
Growth for this business venture can be attained with the development of an advertising, marketing and promotion campaign. The business would undoubtedly benefit from the development of their web site. | Key Opportunities:
This is a unique opportunity to purchase an established large shopping outlet with facilities all under one roof. With home improvements and DIY proving ever more fashionable, repeat custom and word of mouth recommendation is certain combined with competitively priced brand names and materials. | | Premises:
The business is located in a prominent position in South London. It has good street access, parking and is only 10 minutes from central London.
The premises are leasehold with thirteen years remaining from a fifteen-year lease. Annual rent is £60,000 inclusive of the five flats. Rates are additional at £17,000.
Three sub let areas apply for the Off Licence, Coffee shop and flats.
The outlet itself consists of 4,300 square feet was previously a Sainsbury’s store, and also consists of a 10,000 square foot basement store area.
Business Hours:
8 am – 8 pm Seven days a week.
Security:
The business is fully alarmed, grilled and secured by 24 CCTV in operation. | Advertising and Marketing:
There is no official advertising. The business prides itself on the amount of repeat business generated by satisfied customers and word of mouth recommendation. | | | Financial profile: | The business is being offered for sale as a going concern, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Current turnover is circa of £1,000,000 with a gross profit of £300,000. | Employees:
Three sales advisors support the vendor with the day-to-day running of the business. | Support and Training:
The current vendor is happy to provide full business familiarisation, training and handover | Reason for Sale:
This is a genuine retirement sale | | 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 |
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