Wholesale / Distribution businesses for sale in Lake

View the "Well Known And Long Established Wholesale Gifts Business" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Ian McGregor (Nov 2013)
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Leasehold Price: £30,000
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Business Description
Island Tourist Products had been successfully run for many years by the previous Custodians and on their retirement, our Clients took the business over in 2005 continuing to establish ITP as one of the leading wholesalers serving the Island's gift and book trade. Core business is the supply of giftware including souvenirs, books, gifts and beach goods. In recent times the owners have moved into homeware and the broader gifts market. For a full illustration of the products offered please visit www.islandtouristproducts.co.uk where Trade Customers can order on - line. This and the recently developed retail website www.isleofwightgifts.co.uk, both of which attract orders from across the Web, are included in the sale.
It is worth noting that our Clients also publish the famous Perrys Guide with a range of Isle of Wight maps. This asset of the business may be available by separate negotiation.
ITP is a family run husband and wife concern employing a sales assistant and an apprentice alongside seasonal part timers when required. Now wishing to retire the business is offered as a going concern with accounting information provided indicating profits are available to the right operators that are prepared to commit to taking the business forward. Detailed financial information is available to bona fides applicants after inspection.
Tenure: Leasehold

Location Details:

Island Tourist Products trade and distribute from premises on the well-known and thriving business centre of Spithead which is ideally located in Lake, in between the Island's main tourist towns of Sandown and Shanklin which form the Sandown Shanklin Lake conurbation. This sought after location benefits from excellent road connections to both the county town of Newport, Ryde and all the other major trading locations on the Island. Spithead Business Centre sits amongst both Morrisons and the soon to be opened Aldi supermarkets, a Marstons family dining pub and a Premier Inn hotel.

Leasehold Term:

The premises are held on a 10 year term from 27 July 2012. Current passing rent is £12,000 per annum exclusive and there is a break clause in the tenants favour in July 2017.

Is this business relocatable: Yes

Listed by: Gully Howard Technical Ltd
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