Online Retailers for sale in Wimborne

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Popular Online Retailer located in sought after Dorset town

Wimborne, Dorset, England

  • Leasehold Price: £189,000  Price Reduced arrow_drop_down
  • Annual Turnover: £800,000
Seller Reference: 1289
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 1289
Request Details
Business Description
• Popular Online Retailer
• Well fitted warehouse
• Located in sought after Dorset town
• Healthy turnover and profits with scope to improve
• Excellent reputation with lots of repeat customers
• Based in a modern industrial unit
• Parking for approximately 10 vehicles
• Ideal bolt on acquisition for a like minded business
• Range of well-maintained fixture & fittings

Falcon Commercial is delighted to offer for sale this busy on-line retailer that specialises in the sale of Authentic Indian Food, Indian Spices, Indian Sweets, Indian Cookware, Cooking Ingredients, and Recipes. The business was started by our client in 2005 and It is now reluctantly being placed on the market as the owner wishes to pursue other business interests. Spices of India has built up an excellent reputation for its excellent customer service and fantastic selection of products.

This rarely available opportunity has established itself as the Uk’s premier online Indian grocery store largely due to the professional way the business is run with excellent presentation on its website, a modern extremely well fitted warehouse, along with knowledgeable and friendly staff

Spices of India enjoys an all year round trade which is in the region of £800,000 with excellent gross profit margins. This is derived from a wide range of products such as Ground Spices, Whole Spices, Beans, Lentils, Appetisers, Snacks, Masalas, Pastes, Pickles, Indian Sweets, Desserts and much more.

The Premises

Substantial and well maintained leasehold building, benefiting from being situated on Ferndown Industrial Estate which is a sought after trading location for both independent and national companies.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These desirable premises which were refurbished in 2005 provide outstanding and highly functional internal business accommodation.

The premises briefly comprise:

Ground Floor
• Reception
• Managers Office
• Ladies and Gents Toilets
• Main Warehouse
• Staff Kitchen
• Staff Toilets
First Floor
• Main Office
• Photography Studio
• Second Floor Warehouse

External
• Parking for approximately 10 vehicles

Business Details

Turnover
• £800,000

Business Rates
Business rates payable: £15,000 per year
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock
The business stock value is: £80,000

Staff
The business is run by the proprietor with help from a dedicated team of full and part time staff who work on an agreed rota basis.

EPC
Commercial Energy Performance rating: TBC

Tenure
• Leasehold.
• We are advised that the business premises are held on a secure 10 year lease with 4 years remaining
• The current rent payable is £42,000

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
Tenure:
Leasehold
Leasehold Term:
• We are advised that the business premises are held on a secure 10 year lease with 4 years remaining • The current rent payable is £42,000
Listed by:
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