High Quality Avon Luggage And Leather Goods Retailer For Sale

Business description

High Quality Luggage and Leather Goods Retailer

If you are looking to buy quality luggage in the Avon area then this retail outlet represents the ultimate destination shop for this niche market sector.

The business is a trading partnership and was established in 1986. Since that time it has built itself a reputation for supplying discerning customers with a broad range of premium branded items. These include luggage, grips, handbags, wallets and purses, brief cases and a broad range of associated leather goods.

The business has secured sole agency agreements with premium brands such as Antler, Samsonite, Tula, Radley, Kipling and Hidesign and has established a customer base that is evenly split between the business community and the retail customer. While local department stores may carry a limited range of goods this outlet is totally dedicated to meeting the specific demands of their customers and providing the very best in terms of product and service.

It is located in a high profile secondary retail location on a main trunk road into the city centre. It is approximately two minutes walk from excellent car parking facilities and local bus services and within a few minutes of the main shopping centre.

Customer Service:

The staff are helpful but unobtrusive. They have developed an excellent product knowledge that enables them to give sound advice and product guidance. The net result is a high level of repeat business and customer referral which is unusual in this sector.

Key Strengths:

Very well established
Niche market
Well known and respected business
Great product range
Excellent location
Consistent financial performance
Good margins

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business enjoys a turnover in the region of £210,000 with excellent gross profits of circa £105,000. Net profits before partner’s drawings remain stable at around £50,000.

Property information

Property:

Leasehold

Lease terms:

The on-going lease is charged at an annual fee of £14,000.

Location:

The business trades from leasehold premises that it has occupied since the compant started trading in 1986. The double fronted property is loacted in a secondary retail area within easy reach of parking, local bus routes and the primary retail shopping precinct.

The well pointed shop benefits from a significant amount of natural light and
has been carefully fitted out to maximise the available space.

The on-going lease is charged at an annual fee of £14,000.

Other information

Competition / Market:

This business is so well established that it does not need to advertise its presence extensively. However it has built a web site which has a shopping cart. While this is fully operative it does need some additional development to maximise its potential. They also advertise in the local Yellow Pages.

Support & training:

There will be a full and professional handover for a period to be agreed as part of the overall sales negotiations.

Reasons for selling:

The senior partner has taken retirement and the remaining owner has decided to take the opportunity to emigrate.