* Included in Asking Price
Town Centre Sports Shop/Sports Equipment Retailer
Asking Price: OIRO £80,000 (inc. stock option circa £60,000)
Asking price includes:
High profile leasehold property in town
Consistent turnover circa £110-120,000 per annum
Gross Profit Margins circa 45-50%
Stock value circa £60,000
Racket re-stringing machine
All fixtures and fittings
Over 65 years successful trading
Limited competition in town
Many growth opportunities
This well established and profitable sports retail business has been successfully trading in the centre of this town for well over 65 years. The business has built up a sterling reputation in the area, plus a loyal customer base who appreciate the high quality branded products and superior service levels this company provides.
The business sells a range of sports equipment including running shoes, rugby, cricket and tennis apparel. A popular racket re-stringing service is also provided.
The firm is very well known within the area providing a ‘one stop shop’ for many of its customers. A guaranteed range of products are found “on the shelf” and there is the ability to source less popular items.
Well located in the centre of the town, the business is a main area stockist for a leading running shoe manufacturer.
Customers will travel into the town to view and buy products due to the choice, the advice, stock levels and more importantly for the after sales service that continues to be provided. The company has excellent supply partners and years of trading have given it excellent buying power and speedy deliveries.
The company has literally thousands of historical customers, many of whom are repeat clients who have used the company over many years.
The business is being offered for sale as leasehold. The premises are prime retail in the town and the business enjoys excellent exposure, historical presence, good signage and strong footfall, not to mention impressive profitability year on year.
This represents an ideal investment opportunity for a new owner with many avenues for future growth. The business would certainly benefit from a new injection of energy and business acumen to build on its consistent performance to date.
|Facilities:||The business operates from prime leasehold retail premises in a thriving town with excellent shop frontage. Premises comprise main retail areas with stock room.
Annual rent is circa £14,500 p.a.|
|Growth Potential:||The business has excellent opportunities to maintain and generate new revenues from its substantial customer base, as clients will return time and time again. The local demographic have healthy disposable incomes and have an affinity to many of the brands and sporting goods this traditional retailer sells.
To business currently has no online presence and the vendor recognises this should be an area for new growth, as could a more diverse sports offering. This retailer is very much a traditional sports shop and tends to be known mainly for rugby and cricket supplies- there are many other sports and hobbies it could develop associations with moving forward which could certainly fuel future growth and profitability, not to mention forging better links with the local schools and education establishments.|
|Training/Support:||The vendor will provide full support and handover period to ensure a seamless transition of ownership. This should be a relatively straightforward process as the business model is simple yet effective.|
|Sale Reason:||Genuine retirement sale.|
Seller Reference #AH151
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