Art, Crafts and Model Shop in Bexhill-on-Sea PLUS SAV
Price:
Leasehold - £38,995
Location:
East Sussex, Bexhill on Sea
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Full equipped business with favorable lease terms (see below).
- Turnover in excess of £112,000 with a net profit of £12,000 (see financial summary below).
- A business with great potential which has not been exploited because the current owner is hoping to retire.
- An easily run operation.
- Very good well trained staff that are an asset to the business.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides models, art and craft supplies.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Model, Art & Craft shop which has been established in 1982 and was based in Hastings. The business has been based in Bexhill-on-Sea since 2002 and the owner now wishes to sell due to retirement.
Services
This very good business opportunity provides models, art and craft suppliers.
Staffing
The concern employs 1 full time member of staff that will be willing to stay on and is an asset to the business. There is also part time staff when needed.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local passing trade and tourist trade in the summer months.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Sundays in the summer months.
• Increasing the product line to include picture framing.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and part of a parade of shops. The front is branded with canopy. The main customer service area is carpeted with a middle aisle, shelving and racking to the walls.
To the rear is a store room. There is a toilet, staff facilities and small kitchen.
EXTERNAL
To the rear there is a large garden.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £1,000.
Including all shelving, counters, cameras/ monitors and tills.
FINANCIAL DETAILS
The present annual turnover is £112,000 with a gross profit of 45% and a net profit of £11,655. The wages are £20,000. The present value of the stock is £40,000.
The potential turnover of the business within the next 2 years is forecast to reach £135,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Bexhill-on-Sea.
- Prominent location.
- Part of a parade of shops in the local shopping area.
- Excellent parking facilities.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area of Bexhill-on-Sea.
- Tourist areas all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 2 years remaining. The rent is £7,000 pa with a review in 2 years. The lease may be renewable or negotiable for longer term if required. The rates are £1,200.
Monday to Saturday: 9.00 am - 5.30 pm.
North Yorkshire
£ 750,000
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