Hilton Smythe are delighted to present to the market Fastbreak Sports. Established and owned by our client since 1984 the successful independent sports clothing business is now offered to sale due to our clients wish to retire.
The business specialises in retailing school uniforms, sports clubs kit and strips, all sports equipment, running shoes and on-site clothing printing.
40% of sales is derived from the four main schools including a grammar school, two senior schools and two juniors. Chesham grammar only uses our client’s business to produce all children's personalised uniforms, sports kit uniforms and sports bags. This is a highly valuable relationship for this business and our client will hand over all contacts to these agreements to ensure continued success.
The remaining 60% of the business comes from the sale of sports accessories and equipment required by the local school children, local sports clubs as well as Chesham rugby club and teaming from individual retail customers.
The business offers a wide range of running shoes and spikes, tennis rackets and balls including a re-stringing service, swimming costumes and goggles, badminton, squash and racquet ball, table tennis, football, netball, rugby, base layers, cricket, darts, socks, home gym equipment and accessories.
There is a website included with the business; however only 1% of sales are taken for this and therefore offers great potential for growth. There is a large upstairs area, stock could be packaged here and sent direct to online customers.Location
Centrally located on a high street in Chesham, Buckinghamshire.
Chesham is an affluent town, less than 5 miles from Hemel Hempstead and 5 mins from the busy M25 motorway which is reached by following the A413 from the town to junction 17 of the M25.
The town’s main rail station is directly across from the business, there are two pay and display carparks either side of the high street and a large Costa Coffee next door; all of which increases footfall in this part of the high street.
The three main schools in the area are Chesham grammar, Chilterns Hills Academy and Ivingswood Academy, all within 10 minutes of the business.
The business is popular mainly in Chesham but attracts new customers from all of Buckinghamshire.Premises
Ground floor –
Retail shop with display rails to both sides, suspended ceiling racking, light up display window, three central clothing rails and a service desk with till, card machine and a Toshiba laptop.
Re- stringing machine for rackets.
Running shoe display area.
Customer changing room.
First floor –
Staff toilet and sink.
Staffroom and kitchen with back up store room area which is fully shelved with staff sitting area.
Large work room and store room which includes heat press, work tables, floor to ceiling storage rail to both sides, a central hanging rail unit and cylinder gas heater.
Office includes three desks, pc and printer, storage shelving and cutting machine.
Currently only accessed from the side shared access alleyway.
There is a large carpark with three spaces.
If any new owner required, there is an unused rear door from the shop which leads to this car park, heading directly onto the rear roads; ideal for dispatching.Tenure
Leasehold business opportunity.
New 5 year lease from June 2017.
Rent £15,500 payable per year.
Monday to Saturday 9am - 5.30pmStaff
Owner works full time with the help of two very experienced full time members of staff.Financial Profile
2016 accounts show a turnover of £267,055 an increase of over £55,000 on the previous year. Gross profit of circa 32%.