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Chain Retail Trade Warehouse/emporiums Vintage Antique Collections For Sale

Dorset
Asking Price:
£1,000,000
Turnover:
£1,355,000
Net Profit:
£304,000

A Chain of Retail & Trade Warehouse/Emporiums Vintage & Antique collections throughout the South West
This popular and rapidly expanding business has a stated ambition:

“To be recognized as the number one destination for vintage, retro and antiques for traders and customers in the UK whilst supporting small businesses and the local community”

And its VALUES statements include:

UNIQUE

A retail business totally focussed on giving local traders access to the public

EXCLUSIVE

The majority of products sold under the company’s brand are one off vintage items making them exclusive by definition of their individual & exclusive history

FAMILY FOCUSED

We understand the desire of young families to find great quirky items in-store and so provide entertainment for children and food for all the family

DIVERSE

The company does not restrict traders to any particular product group, resulting in a diverse and respectful selection of goods

SOCIALLY RESPONSIBLE

The company is passionate about being responsible in its business and to be aware of the impact it has and can have on the communities in which we work

About the company

In the UK there are thousands of small traders dealing in vintage, retro and antique goods looking for the opportunity to sell their items in a market environment but without the need to be physically in attendance. Many of these traders have day time jobs or other commitments where it is impossible and doesn t make financial sense for them to be selling from their stalls and so end up only doing expensive weekend markets and having to transport all their goods every week.

To fill this gap in the market, the company rents large retail warehouse units and fits them out to accommodate these small traders, runs the retail operations and takes all the sales revenues through the company bank account without charging commission. The business model is based around the mark up of the rentable space to the traders and charging for rental of fit out furniture and the space for cafe’s and children’s play areas.

Started 5 years ago , the company has become a leading brand in the vintage market industry with a strong following by both traders and customers alike. Having positioned themselves as the market leader in the South West of England and with a growing country wide reputation, the company is now ready to expand across the South of England to include London and the Home Counties.

To compliment the planned 20 physical stores, the company will also offer the traders the
opportunity to display their items in an on-line store where the business models differs as each item uploaded will have a quarterly charge and a 15% commission will be taken on all sales.

A future strategy for the business could include property asset ownership and UK and European franchising as a means to expand into new markets.

Key Strengths:

The brand

The company has taken time and effort to create and establish a viable brand in this retail niche, leading to real consumer preference.

Marketing strategy

The company has a very consistent and committed social media presence and in combination with attractive websites, generates consumer interest, loyalty and sales.

Locations

The company has chosen key sites in suitable market town locations with high levels of footfall and what is considered the “right” property.

Business model

This model is predicated upon a blend of attributes where the rentable space to traders combines with an environment for consumers in a branded experience that at this time enables this company to compete, with good margins, in the aggressive retail sector.

People

All staff are highly motivated and enjoy their work – and it shows.

Key Opportunities

The opportunity for a new owner is to grasp what is proving to be fast moving growth with excellent current and forecast profitability.

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.

Current combined turnover, 3x outlets (2015 accounts) circa £1,355,000 per annum
Adjusted Net Profit (2015 accounts) circa £304,000 per annum
Forecast Adjusted Net Profit 6x outlets (YE 2018) circa £450,000 per annum
Net Assets circa £160,000 (2015 accounts)

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £160,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Property information

Property:

Leasehold

Premises Details:

The company manages its activities from a chain of leased outlets:

Site 1

• 10,000 Square foot Warehouse
• £4,200 rent per month
• 4 years left on lease
• Net profit 13%
• Freehold available for purchase

Site 2

• 11,000 Square foot Warehouse
• £4,500 rent per month
• 5 years left on lease
• Net profit 22%
• Freehold available for purchase

Site 3

• 14,000 Square foot Warehouse
• £7,200 rent per month
• 3 years left on lease
• In first year of trading
• Freehold available for purchase

Smaller site 4

• 2,200 Square foot Warehouse
• £2,200 rent per month
• Annual Lease of high street location
• In first year of

Site 5

• 8,000 Square foot Warehouse
• £9,500 rent per month
• 10 years left on lease
• In first year of trading (Opened Feb 2016)
• Freehold available for purchase

Site 6

• Under completion

Business Operation

Expansion Potential:

The business is well positioned to take advantage of new location opportunities for what is a successful and proven model.

Competition / Market:

The business is active with a sophisticated social media strategy.

Commerce integration is the principal foundation of the company’s social platform. The strategy is to offer customers a fully integrated content offer, converting sales through the simple and sectioned content. The objective is to build the trust between the brand and consumer.

Consistent updates on products, exclusive launches, collaborations and brand endorsement will be featured in a fully integrated social commerce platform.

Multi-platform optimization is key to the success of the company, it is essential to navigate inspirational and transactional content delivering an easy retail experience and product offer resulting in an engaged audience and creating a loyal community.

The Social Strategy:

• Fully integrated Social Platform
• Instagram, Facebook and Twitter
• Cross selling through Instagram and Facebook
• Company blog connecting to pushing products in a lifestyle setting
• Featured Trader Launches, collaborations, events
• Cover of key seasonal events held locally directly linking into the products sales
• Blogs, both in house and guest bloggers
• Company YouTube channel featuring, tips, lifestyle and guests
• Developing mobile Apps

Reasons for selling:

The owner is planning an exit due to other pressing business interests.

Trading hours:

The company currently operates Mon to Fri 10am - 5.30pm , Sat 9.30am - 5.30pm , Sun 10am - 5pm.

Employees:
25
Years established:
05

Other Information

Support & training:

The owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership, subject to negotiation.

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