Well established high quality gift and accessory business with recently lau
Price:
Leasehold - £59,950
Location:
West Yorkshire, Horsforth
Business Type:
Retail businesses
Intelligent Business Transfer are delighted to offer for sale this one off opportunity to acquire a superb business opportunity situated in Horsforth, Leeds.
This business is primarily a gift and accessory retail business which supplies a variety of high end products from jewellery, body care, keepsakes to handbags. The business continues to offer a substantial variety of products and brands such as “Nougat” and “Danon”.
The business was established over 6 years ago by the two current co-owners. Between them, they have run the business each working part time along with a small number of knowledgeable and loyal staff.
Whilst the business has been run as a lifestyle business providing strong turnover and good profits, the business still offers tremendous potential for growth.
The business has a current turnover of £97,000+ for the year ending 2010, with a gross margin of c.42%. The business offers considerably higher adjusted net profits for any independent, owner run operation.
Being situated in the thriving urban community of Horsforth in Leeds, the business has generated a significant amount of loyal and regular business. Many of the businesses clients are repeat business on a weekly basis.
The premises are neatly fitted to a high standard including a variety of racking and railings and sales counter. The sales floor is bright and welcoming with an airy feel to it.
The current owners have only recently established their online website, www.wrappedonline.co.uk, which is already providing a small amount of income to the business, however there is tremendous potential here to expand the business rapidly with additional optimisation of the site.
The business is now being reluctantly sold due to the changed personal circumstances of the current owners.
The business carries a stock value of c.£40,000 on top of the business sale price.
This business would be an ideal purchase for an owner operator who could run the business full time basis, therefore reducing the reliance on staff and maximising profitability.
Viewing is strongly advised.
North Yorkshire
£ 750,000
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