Equipment Hire for sale in East of England

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Well Established Skiing Retail Business

Essex, England

  • Leasehold Price: £350,000
  • Turnover: £962,886
  • Gross Profit: £466,036
Seller Reference: B05381
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Business Description
 
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Seller Reference: B05381
Request Details
Business Description
Business
Hilton Smythe welcomes to the market a well established Skiing retail outlet, which was established by our client in 1969 and the name is synonymous with the area and the ski industry generally. Our client is now looking forward to retirement.

The business is one of the main ski retailers in the UK selling ski and snowboarding equipment including skis, snowboards and all skiing and snowboarding equipment including boots, helmets, poles, googles, clothing, pants, luggage, hats gloves and mittens.

The business has the exclusive UK shop rights to Poivre Blanc ladies and children’s ski apparel, devoting a whole section of the shop to the brand. Approximately a quarter of the online and in store turnover comes from this brand alone.

The company are specialists in ski boots selling at least 500 pairs a year, this is aided using the in-house boot fitting station.
The business specialises in mid to high end brands including Oakley, Scott, Bolle, Salomon for goggles which sell for up to £200 a pair. There are many high-end brands across the store for all equipment, hence the customers coming from across East Anglia and beyond.


The business also sells online via a website which will be sold with the business. The business also has a 4.6/5* customer satisfaction rating on Google.

It is a profitable business but there is scope for further development as due to our clients impending retirement they have not continued to push the business to the next level, therefore by considering some of the below options and more the business should grow further:
Increasing the online presence to further online sales
Creation of a social media page to promote the business further


There are many reasons to buy this business including:
Profitable business year on year
Long standing business
A large established customer base


Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The business is in the county town of Essex and has ample car parking to the front of the premises. The business is easily found and accessed.

The urban area of the city has a population of approximately 112,000, whilst the district has a population of 168,310.

Premises
There is a car park to the front of the premises and double-glazed double opening doors to the shop where there are the following displays:

Ski stands at the entrance door
3 tier hanging space to side wall for clothing
Luggage area
Helmet displays including glass cabinet displays for Kask helmets
Google stands
5 tier hat display
Sunglasses stand
Cabinet and further displays for googles from Oakley, Scott, Bolle and Salomon
Several aisles of clothing displays
Further 3 tier wall hanging displays for clothing
The boot area has a Salomon boot fit station, multiple shelving for boots.
Racking for skis poles and helmets.
There are 5 changing rooms in the main retail area.


The service desk is double sided with 2 tills and card machines, storage below, and open to the customer purchase holding area. From here there is access to the office area, which has 2 computers for internet orders, CCTV system and a door to a further office space with Konica Minolta photocopier/printer, shelving etc.
There is an area that has further display racking and mannequins displaying the clothing, 2 changing rooms own service area with till and card machine and its own entrance door and toilet facilities.
Storage.
Behind the boot area is a large 7 tier high boot store. To the side of the boot area is a large stock room with steps up to a mezzanine level for further storage. To the other side of the boot area is the service room with a ski servicing machine, workbenches with vices and storage areas. Off here is access to the snow board boots and eBay/online sales storage area.
Next to the main service counter is a door to the main stock room which has easy rising stairs up to its own mezzanine level with further storage area. The ground floor of this area is where the kitchen and toilet facilities are located.


Tenure
We are advised the business is being sold as a leasehold business opportunity with a new lease to be granted with an annual rent of £55,000 for the full unit with £30,000 rates payable and the length of lease to be negotiated.

Alternatively if the new owner wants the unit slightly smaller then the rent would be £42,000 with rates at £24,000.

Hours
Monday - Saturday: 9.30am – 5pm
Sunday: Closed
Sunday opening is an option especially to cover the winter season that commences October each year


Staff
The business is run and managed by our client, with the help of 3 full time members of staff and several extra part time staff members to cover the winter season.

 

 

 

 

Financial Profile
The business generated an advised turnover of circa £962,886 as of the 2018 accounts, with a gross profit of 48.3%, a net profit of 12.4% and an adjusted net profit of 18.6%

Tenure:
Leasehold
Listed by:
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