business for sale

Established and Popular High Street Health Store

Businesses for Sale

Sale Memorandum

Established and Popular High Street Health Store


Ref.EK008

Location Stockport,Cheshire

Asking Price £ 35,000

Confidential offered for sale

Asking price £35,000 +stock at valuation

Asking price includes:

Well established retail outlet with superb range of remedies
Current turnover circa £85,000 per annum
Gross Profit margins in excess of 40%
Leasehold premises with one bedroom flat above shop
Excellent opportunity for further growth
Excellent and extensive supply base
Superb high profile location
Training and handover
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 business is a leading stockist for many of the leading nutritional brands available today and has been established for some 20 years. The business stocks and retails an extensive collection of well known products as well as new ground breaking remedies as they become available, varying from traditional vitamins and minerals right through to alternative therapies and speciality supplements.

Its core business represents the promotion and sales of the following

• Minerals and Vitamins
• Sports Nutrition
• Herbal Supplements
• Nutritional Oils
• Speciality Supplements

The enormous selection of products on offer by this well known community shop represents excellent value for money and has become a regular and popular destination for its growing customer base. It also enjoys a significant level of passing trade due to its superb high profile location on a very well known busy road in the town.

The business has been under the current ownership for the last three amd a half years and has built up an excellent reputation for one of the most extensive ranges of remedies, be they natural or manufactured, in the local area.

The business has established an extensive customer base of loyal customers and is very efficiently run. The town is a thriving commercial centre with old and modern shops.

Customer Service:

A high standard of customer service is a main concern for this business and has enhanced the excellent reputation the business has developed in the local community. The business understands how important a role its products play in its customers lives so takes customer satisfaction levels very seriously.

Key Strengths:

The company strength is founded on its consistence of retaining a high level of repeat business. The business carries excellent stock levels and has a well established supply network to ensure product is available on hand as and when its clients require.

The business has also built up an excellent knowledge bank and can advise clients according to their needs and wishes. It is ideally situated in an excellent trading position for the local population and passing trade and always enjoys good footfall. Always well stocked with a large variety of quality merchandise the store is very well known for its range of products and friendly service allowing customers to feel comfortable in its surroundings and giving them the ability to talk openly about their needs to staff.

The company is proud of its excellent reputation and dedicated customer care, which are a result of the company’s committed staff, and quality control over its products and services.
Premises:

Situated in one of Cheshire’s most popular and busy towns this glazed fronted premises are located in an established high street position in a thriving, lively and friendly community. The shop is in a highly visible position and has excellent window displays that welcome customers in to browse.

The ground floor is approximately 400 square feet with good display areas and a staff kitchen/office and toilets to the rear.

The first floor is currently a one bedroom flat(unoccupied).comprising one large bedroom, living room, kitchen, bathroom and small rear garden. This represents an excellent income stream for any new owner if they wished to rent out. Alternatively it would ideally suit an owner occupier. The premises are secure.

Current rent is £435/month. It is understood a new lease would be made available to the new owner.
Advertising and Marketing:

Word of mouth recommendation and the prominence and quality of the premises are used to advertise and market this business. There is vast scope to generate further income by expanding the current methods of advertising to incorporate direct mail, newsletters, loyalty cards, the internet and mail order to name but a few opportunities.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Current turnover is circa £85,000 per annum, with gross profit margins in the region of 42%. The business has low overheads and excellent potential.
Management and Staff:

The owner is responsible for the day-to-day management of the business, supported by one part time sales assistant.
Support and Training:

The vendor is available for a full business familiarisation and training period.
Reason for Sale:

Other pressing business interests.
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 & 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

Next steps

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