Mobility Aid Products Business For Sale

Business description

Advent Business Sales are delighted to offer to the market this rapidly expanding and excellent located mobility business.

Founded by our clients over 3 years ago, the business is only now being reluctantly offered for sale as they wish to retire.

The business offers a wide range of products to assist mobility and aid the less able at home and out and about with all products available at its popular ground floor store or on its excellent presented website.

Those items which are not in stock can usually be ordered for delivery within a few days.

The business also offers a service facility, which can be carried out at the customers home and equipment hire for those only needing short term use or if they wish to try before they buy.

The business has an excellent local reputation with podiatrists from the nearby hospital recommending patients with feet
problems view the huge selection of shoes, slippers and sandals, which is the largest in Berkshire.

90% of customers are local to the town with the rest within an approx 30 mile radius. The nearest competitor to the shop being over 6 miles away.

The shop has 2 full time staff and 3 part time, including the 2 vendors and achieved £181,308 annual sales in the financial year to 31st March 2009 with a gross profit of £94,010.

We are advised that stock at cost is approximately £50,000.
REF: 9225RG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 5 years
Remaining lease: 2 years
Review every: 5 years
Rent: £11,350 P.A.

We are advised that the annual business rates are currently: £2,457

Location:

The business has an excellent high visibility unopposed location by a very busy roundabout of a very affluent town in Berkshire.

The shop is near to the social services department of the local council. The town’s hospital, a doctor’s surgery and the railway station are all within easy walking distance.

There are 3 car parking spaces next to the shop, which are for their sole use.

Nearby towns include Reading, Wokingham and Bracknell.

Premises details:

BUSINESS PREMISES:
Attractive refurbished high visibility shop, arranged over 2 floors and briefly comprising:

Ground Floor
• Pavement display of scooters and walking aids
• Centre door opening into the main sales area
• 2 raised window displays
• Slat wall display for shoes and small accessories, adjustable chairs, walking stick display
• w/c including disabled w/c
• counter to the rear
• stairs to first floor with extensive racking
• small and large stores
• kitchen and office
• Both floors are fully carpeted

External
• The shop has 3 allocated car parking spaces and also benefits from being alarmed and having CCTV

Other information

Expansion potential:

Clearly, this is already a successful business, it does however, still offer excellent potential to increase both sales and profits in the short term by:
1. Opening more hours, especially on a Saturday when they currently shut a 1pm
2. Visit the local care homes and other hospitals to make them aware of the services they offer
3. Expand the website to include more items
4. visit mobility shows
5. Convert part of the first floor to sales space

Trading hours:

Mon-Fri: 8.30am – 4.30pm
Sat: 9.00am – 1.00pm

Related documents:

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