Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
Business For Sale. Retailer Of Bowls, Clothing & Equipment. Retail & Internet
LISTING DETAILS
Firms For Sale ID:
25108
Vendor reference:
AH048
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£250,000
Turnover / revenue:
£440,000
Net profit / cashflow:
£35,000
Years established:
16
Trading hours:
The retail store is open to the public during the following hours:
Tuesday to Friday 10am to 3pm
Saturday 10am to 1pm
Office Hours worked by current owner are
Mon. 9.00 to 1.00pm (Admin.)
Tue. To Frid. 10am to 5.00pm.
Partner works 23hrs a week.
Number of employees:
4
OTHER DETAILS
Reason for selling:
The current owners have worked in the business for last 16 years, they have other business interests they would like to persue, and feel that this is the perfect time for new owners to take the business onto the next level.
Support and training:
A full period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
he total area is circa 850 square feet. The premises are leased at a rent of £7,500 per annum: business rates are circa £1,500 per annum. The current lease is for 6 years, with 5 ½ Years remaining, an Opt Out clause after 3 years, is in place.
BUSINESS DESCRIPTION
Retailer of Bowls,
Clothing & Equipment.
Retail & Internet
Ref.AH048
Location East Anglia, Norfolk
Asking Price £ 250,000 plus SAV
This market leading retailer of Bowls equipment and clothing was established by the current owners more than sixteen years ago. Since that time the business has developed, and is now recognised as the Bowls equipment and clothing supplier of choice in the UK.
A number of years ago, the current owners spotted an opportunity to expand the business, without the cost of additional premises, by fully embracing internet technology. The result is that the company is now a true ‘clicks & bricks’ operation, with 65% of all sales generated through the business’s full e-commerce website. Regular internet sales are now made to Lawn Bowls enthusiasts in the UK, USA, Australia, Hong Kong, Canada, Cyprus, Canary Isles, Jersey and Ireland. Orders have also been despatched to customers in South Africa, South Korea, Singapore, Thailand, Israel, Germany and Russia, as well as Holland, Belgium, Spain, Tenerife, and Portugal.
Operating from excellent, air conditioned premises, set in the heart of the new Waterfront Marina Development in a busy County town, the nearest competitor is more than Fiffty miles away, yet within commuting distance of Central London. The retail shop is also a flourishing business, generating circa 35% of total turnover. Many sales being made to local club players: The shop has also become a ‘destination location’ for many enthusiasts who will travel 80+ miles to visit the shop and take advantage of the excellent range of products stocked, combined with knowledgeable staff.
Expansion Potential
A more aggressive approach to web based and mail order sales would undoubtedly increase sales still further. Great potential for more overseas sales, with more Countries taking up the sport each year, the newest being India, 14 greens being laid for commonwealth games, which should lead to massive potential business in coming years as the game develop there.
The company believes there is an opportunity to develop the market for trophies and memorabilia. This would involve the sale and engraving of glassware and silver based products.