Hilton Smythe welcomes to the market Escape. The business was established by our client in 1998. The camping and outdoor equipment store is well known in this location and boasts an exceptional reputation. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement.
The business runs as a camping and outdoor equipment store in a prime trading location. The store has a generous amount of stock this includes branded products such as outdoor clothing, maps, cooking equipment, footwear, climbing equipment and accessories. Brands include Teva, Tilley, Helly Hansen, Paramo, Meindl, Scarpa and many more.
Escape generated an advised turnover of around £73,000 as of the 2017 accounts. This is a healthy turnover; however, we fethere el is scope to increase this figure. The business is currently closed on Sundays. A popular day throughout the year for visitors including walkers and cyclists.
The business has a website, this could be changed to an e-commerce site to allow for more custom from further afield. Introducing an EBay sales account would again allow for more custom. Taking full advantage of social media sites such as Facebook and Twitter is good for advertising any business. Social media is a great cost effective way to market a business. The business also has a 4.5 star rating on Google.
This is a fantastic business opportunity that would be perfect for a husband and wife team or partnership with an interest in the trade. Hilton Smythe highly advise early viewing to take in the full potential of the trade.Location
Escape is located in Ross-on-Wye, Herefordshire.
The business is situated within an outdoor shopping precinct known as Croft Court Shopping Centre in the town centre of Ross-on-Wye. There are several businesses in this location, the main high street is within walking distance; again, this has ample retail outlets both large well-known brands and independent stores.
Ross-on-Wye is a beautiful location with scenic countryside and historic buildings; a popular location for walkers, cyclists and hikers. The town is a well-known market town set on the River Wye. This is a small town which had a population of circa 9,574 as of the 2011 census.
Ross-on-Wye is just minutes away from the A40 an arterial A-road that connects to the M50 motorway network. The town is just 30 minutes away from Hereford, an easy commute using the great road links and generous public transport. There are bus stops a short walk away, these have regular routes into Gloucester, Hereford and Monmouth.Premises
Escape boasts a substantial sized double fronted property. There are large windows across the front with a door in the centre. The windows allow for a bright interior and are used for eye-catching displays. The property is well signed this is clearly visible to passing trade.
On entry is the large retail space, there is perimeter shelving and rails for clothing and other stock. In the centre of the store are further shelving and racks again used for displays. All of the shelving has been purpose built.
Through to the rear of the property is a further storage area.
Equipment included in the sale: -
We are advised the business is being sold as a Leasehold opportunity. Asking price includes stock.
Original lease length: 3 years.
Rolling lease, new lease to be negotiated with purchaser.
Rent: £7,500 per annum.Hours
The business opening hours: -
Monday - Saturday: 9am – 5:30pm
The business is run and managed by our client.Financial Profile
Escape generated an advised turnover of around £73,000 as of the 2017 accounts. SAV as of February 2019 is circa £80k.