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Finance And Services:

Business For Sale. Very Well Established High Street, Specialist Pen Retailer

LISTING DETAILS
Firms For Sale ID:
34782
Vendor reference:
AN040
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£220,000  
Turnover / revenue:
£322,000
Net profit / cashflow:
Undisclosed
Years established:
18
Trading hours:
Monday Saturday: 09:00 17:30 Sunday: Closed Additionally, the vendors close for 2 weeks per year and do not open on Bank Holidays.
Employees / staffing:
The vendors as a husband and wife team, are responsible for day to day management.

OTHER DETAILS
Reason for selling:
The vendors wish to retire.
Support and training:
The owners would be happy to stay and hand over for a negotiated period of time and are happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold with 5 years remaining on a renewable lease. The square footage is circa 800 sq. ft. and includes a shop floor, stock room and office; with wash-room facilities and car parking at the rear. The annual rent is circa GBP 26,000 with rates of circa GBP 12,000 per annum.
 
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BUSINESS DESCRIPTION
Very well established high Street, Specialist Pen Retailer
Venerable business with over 60 years trading
Ref. AN040
Location : Oxford
Asking price: GBP 220,000 +SAV
Available for sale is this extremely well established specialist pen retail business. The business prides itself as remaining & prospering as a relevant, successful and sought out retailer for a product that despite the challenges created by digital technology & the typed word, meets a demonstrable demand for its range of writing and drawing instruments.

The business is situated in a highly visible and accessible position on one of the key high streets in this busy University City with close proximity to an internationally famous University College and as a result experiences a very high level of visitors and footfall, who frequently become customers. The business has a rich history in the City for retailing writing instruments of .the widest range and from some of the worlds most respected brands.

Acquired by the present owner nearly 18 years ago, the business has proven to be consistently profitable and considered by the vendor to be an excellent prospect. All sales are made through the shop and there remains a great opportunity to extend sales and the business reputation online.

Expansion Potential
The business has grown organically with consistent investment in stock & showroom facilities and with further marketing for both the shop and website could build on the existing, excellent customer base.

Market / Competition / Non-Competition Agreements
Website only.