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Established Independent Living Mobility & Accessories Business For Sale

Minehead, Somerset, UK
Asking Price:
£74,950
Turnover:
Available on request
Net Profit:
Available on request

Business Partnership are pleased to offer to the market this successful and long established independent living aids shop for sale.

Independent Living has been established in the popular coastal town of Minehead, Somerset for over 18 years and is the only retailer of mobility aids within a 20 mile radius.

The business sells, rents and repairs an array of products such as mobility scooters, stair lifts, adjustable beds, rise and recline chairs as well as other mobility accessories where customers can view the items in the showroom. In addition, the shop also offers cosy feet and sandpiper footwear and has a dedicated area for the selection and fitting of footwear.

Due to it's longevity in serving the town and surrounding areas with excellent customer service, there is a loyal customer base who visit the showroom for its ability to provide an almost one stop shop service.

The business ethos is based upon going above and beyond their customers needs and are proud of their association with the BHTA and the Federation of Small Businesses.

Business Partnership are pleased to offer to the market this successful and long established independent living aids shop for sale.

Independent Living has been established in the popular coastal town of Minehead, Somerset for over 18 years and is the only retailer of mobility aids within a 20 mile radius.

The business sells, rents and repairs an array of products such as mobility scooters, stair lifts, adjustable beds, rise and recline chairs as well as other mobility accessories where customers can view the items in the showroom. In addition, the shop also offers cosy feet and sandpiper footwear and has a dedicated area for the selection and fitting of footwear.

Due to it's longevity in serving the town and surrounding areas with excellent customer service, there is a loyal customer base who visit the showroom for its ability to provide an almost one stop shop service.

The business ethos is based upon going above and beyond their customers needs and are proud of their association with the BHTA and the Federation of Small Businesses.

Key features:
- Established for over 18 years
- Only independent living retailer within 20 mile radius
- New lease available with negotiation
- Popular coastal town location
- Loyal customer base
- No competition in the area

Property Information

Property:

Leasehold

Lease Terms:

New lease is available through separate negotiation, the current annual rent is £11,000

Location:

Independent Living is located on Park Street one of the main streets adjoining the avenue.

Outside the shop is free on street parking and a disabled bay directly outside the business.

Premises Details:

The premises enjoy a double fronted shop face offering passers by to quickly observe the sizeable showroom.Overall, there are approximately 114 sq m of space split over two floors.On the ground floor is circa 98 sq m of space divided between the main showroom, small workshop and staff kitchenette. On the first floor is the 16 sq m dedicated as a storeroom.In addition to the showroom, there is also a single garage at the rear of the premises used to store stock and the mobility scooter hire fleet. This is rented separately to the main shop and we understand would be available to continue to rent. 

Business Operation

Expansion Potential:

Although successful in its current format, new owners may wish to leverage the maintenance service by offering annual service contracts to develop a recurring revenue stream.

The amount of goods that are offered for rental could also be increased, this would take advantage of the large amount of tourists visiting the area.

Competition / Market:

Our client informs us that they are the only independent living and mobility goods provider within a 20 mile radius.

Reasons for selling:

Our client is preparing for their retirement.

Trading hours:

9-4 Mon-Fri
9-1 Sat

Employees:
2 owners FT, 2 PT
Years established:
18

Other Information

Support & training:

If required, our client will provide a hand over to the new owners, thereby ensuring a smooth transition of ownership and continuity of trading.

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