School Uniform Provider In Cheshire For Sale

Business description

Excellent quality and friendly service are the cornerstones of this business which have ensured it has thrived since being established over 8 years ago. This excellent service has seen the recovery of one school account who had taken the uniform supply in-house. The school have been unable to satisfy parents requests in the same way and the business has returned.

Our client has developed and grown supplier relationships to the extent that few schools would be able to match them on either price or delivery timescales.

The business operates from two shops and has been appointed as supplier to 12 local state and independent schools. Many other school uniforms are also stocked along with Scouts and Guides uniforms and a selection of workwear. Embroidering for name tags, school badges, work logos and more is one on the premises to order. The work wear side of this business has not been actively promoted and could easily be developed by a new owner.

The current owner manages both shops with the aid of a full time manager and 2 part time staff. An additional embroiderer works hours to suit.

Turnover to March 09 is £226,653 which returns a gross margin of 53%. This has been steadily growing over the previous years.

New leases will be granted to a new owner on both properties. One shop has a total area of around 383 sq ft across 3 floors which incorporates a sales area, storage and work areas. The second shop offers 320 sq ft in total.

Please contact The Business Partnership for full sales particulars.

Property information

Property:

Leasehold

Lease terms:

New leases will be granted to a new owner at £10,600 and £8,800 p.a. respectively. Terms to be agreed.

Location:

Two shops both located in the suburbs of a large Cheshire town.

Premises details:

Shop 1 - 878 sq ft over 3 floors.
383 sq ft retail space on ground floor , 495 sq ft of storage and work space over the other 2 floors

Shop 2 - 675 sq ft over 2 floors.
320 sq ft retail space on ground floor, 355 sq ft of storage on first floor.

Other information

Expansion potential:

No advertising has been undertaken for the work wear side of the business which was introduced 2 years ago. This can easily be developed by a new owner.

Support & training:

A full handover will be arranged.

Reasons for selling:

Our client wishes to retire.

Trading hours:

Monday to Saturday; 9:30am - 5:00pm

Financing available:

The Business Partnership work closely with a number of organisations who specialize in raising finance for business purchases. If you would like to be put in contact with these people, please let us know.

Furniture / Fixtures value:

£5,098 (included in the asking price)

Inventory / Stock value:

£50,000