Price Busters
BUSINESS SUMMARY
Business Name: Price busters (Sussex) Ltd
Location: 4/5 The Parade, East Wittering, Sussex
Established: Over 30 years
Type of Business: Coastal Village Discount Retail Store
COMPANY OVERVIEW:
Price Busters is a well-established discount retail store located in the heart of East Wittering, Sussex. Known for its wide range of products and competitive prices, Price Busters has become a staple for bargain hunters in the community.
The business operates out of a 1,900-square-foot facility that houses a diverse inventory, including household goods, toys, stationery, party supplies, and seasonal items, in keeping with the coastal village location.
The location of this business guarantees year-round trade, with a thriving high season throughout the summer.
SALE CONSIDERATION:
The current ownership is offering 100% of the business for sale, including all assets and the ongoing business concern. The decision to sell is based on the owner’s desire to retire. The sale will include all fixtures and goodwill associated with the business and will be offered + SAV (stock at value).
FINANCIAL OVERVIEW:
Price Busters has shown consistent revenue growth over the past five years, with last year's revenue totaling £470k and an EBITDA of £110k. The business has a strong cash flow and maintains healthy margins due to its efficient purchasing strategy and loyal customer base.
LOCATION:
Situated on the main commercial street in East Wittering, the store benefits from high foot traffic and visibility. The business operates within a leased premises, with a renewable lease in place.
HISTORY:
Founded over 30 years ago by the current owner, Price Busters has grown from a small discount store into a key player in the local retail market. Over 31 years, the business has expanded its product lines and customer base through excellent customer service and strategic marketing initiatives.
PRODUCTS/SERVICES:
Price Busters offers a diverse range of products, including but not limited to:
• Home essentials and cleaning supplies
• Hardware supplies
• Office and school stationery
• Toys and games for all ages
• Seasonal decorations and costumes
• Gifts and many more…
MARKET:
The business enjoys broad market appeal, serving a wide demographic, including families, schools, and local businesses. The market for discount retail remains robust, driven by consumer demand for value purchases.
OPERATIONS:
The store is managed by the owner, with the support of 7 part-time employees. Operational systems are well-established, with a proven inventory management system and supplier relationships in place.
FINANCIAL INFORMATION:
Detailed financial statements for the past five years are available upon request and signing a confidentiality agreement.
EXPANSION OPPORTUNITIES:
Delivery: Implementing a delivery service to cater to the increasing demand for at-home services through directly employed staff.
Website: The business does not operate a website at present, which offers excellent scope to introduce an e-commerce platform to complement the deliveries.
Click and Collect: Opportunities to introduce click and collect for both website and partner app orders.
Delivery Partners: Introducing the business to partner delivery apps such as Deliveroo and Uber Eats could increase scope in both sales and brand exposure.
PREMISES:
The premises are a ground floor double-fronted retail unit on an extremely busy residential estate parade of retail shops.
The ground floor has dedicated retail space, two stock rooms, and a bathroom. On the first floor, the property benefits from an apartment, which is currently sub-let on an Assured Shorthold Tenancy, contributing significantly to the property lease costs by £9,000. The premises are made available by way of a lease at £14,000 per annum.
Viewing is essential to appreciate the quality of the business on offer.
FURTHER INFORMATION:
Further information is available by speaking with us, and viewings are strictly by appointment only, as the sale of this business is strictly confidential.
For more information, please contact us.
