An exciting opportunity to acquire this successful family business, which has retailed and serviced high end products, from its prominent high street premises, for over 40 years.
An in-depth handover and training will be given by the retiring owner, and excellent systems, and trained staff, mean industry experience is not a requirement.
The business has traded for over 40 years, and was set up to meet regional demand for the supply, and servicing, of high end wood-burning stoves. The business is well known, with an excellent reputation, and a client base of over 4600 customers. Much of the trade is generated by word of mouth recommendations, complemented by a comprehensive website, and regular mailing.
The business is currently operating with three full-time members of staff in employment. This includes our client working on a full-time basis.
The business experienced a slight drop off in sales in 2018, but is now stable at the £350 000 level, with good reason to expect that refocusing and re-energising by new owners, would regain and surpass historic levels. Gross Profit % has been stable at 60% through recent years resulting in a Gross Profit of £234 879, and a Net Profit of £60 000, in the March 2018 Trading Period.
In summary, this leasehold business occupies a superb trading position, and the owner has built a strong base of high value customers and ensured the business has a reputation which is second to none.
There is plenty of scope to re-energise the business, take advantage of technology developments, and to introduce complementary products or services. This proposition would ideally suit an owner operating team, or an existing company looking to expand, who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
The business operates out of shop front premises on a busy high street, in an affluent Berkshire village. Customer parking is available in the nearby area, and there is good access for deliveries. The annual rental is £12 000, on a Full Repair and Insure basis, and the business benefits from 100% small business rates relief. The current lease runs until 31 January 2028, with a break-clause on 31 January 2023.