- Listing ID: 879347
- (Seller ref: H09084)
Silverware Wholesale And Retail Business In London For Sale
- Location:
-
- UK
- > England
- > South East
- > London
- Category:
- Type:
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Summary
- Asking price:
- Available on request
- Sales revenue:
- £450,000
- Cash flow:
- £90,000
- Years established:
- 25 years
- Employees:
- 2 owners + 1 part time staff + 1-2 part-time staff as required
)
Business description
Business Overview:
Outstanding opportunity to acquire a highly successful and profitable silverware wholesale, retail and internet business
Specialising in a broad range of popular and attractive unique products the business has established a reputation for quality, service and competitive prices
Wholesale clients account for 30% of the sales revenue which provides a regular stream of large orders. Retail and internet clients account for the remainder
Steady year-on-year sales achieved over last 5 years. Sales from January to May 2009 have increased by 21% compared with the same period in 2008
The shop is located in a prominent position on a popular retail and market street in a wealthy area of West London
Established for over 25 years
With an excellent location and established reputation, the business offers the buyer a great opportunity to grow sales and increase profitability significantly through further marketing and development of the e-commerce sales
Reason for sale: Retirement
Employees: 2 owners + 1 part time staff + 1-2 part-time staff as required
Opening hours: 10am to 5.30pm Monday to Friday, 8am to 5.30pm Saturday
Premises:
Leasehold - 9 year renewable lease commenced in January 2008
The rent is £48,000 per annum. Rates in 2008 were £13,000.
The total area of the premises is 770 sq. ft
Financial overview: Year ending 31st January
Sales revenue: 2008-09: £383,815 2009-10 Forecast: £450,000
EBITDA + director's taking's: 2008-09: £77,200* 2009-10 Forecast: £90,000*
* Estimate based on percentage of sales revenue
Sales for January to May 2009 have increased by 21% compared to the same period in 2008
Stock value ranges between £60k and £130k depending on the season.
Offers invited
Property information
- Property:
- Leasehold
- Location:
- High Street location
Other information
- Reasons for selling:
- Retirement
- Trading hours:
- 10am to 5.30pm Monday to Friday, 8am to 5.30pm Saturday
- Financing available:
- Hornblower Business Brokers Ltd has esbalished contacts with banks and other lending institutions and can introduce you to an appropriate advisor.
- Related documents:
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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