Home Living: Dudley High Street
BUSINESS SUMMARY
Business Name: Super Saving Bargains Ltd
Location: Dudley, DY1 1PQ
Established: 2020
Type of Business: Discount Homeware Retailer
COMPANY OVERVIEW
The business is a well-established discount retail store located in the heart of the thriving town of Dudley. Known for its wide range of products and competitive prices, they have become a staple for bargain hunters in the community. The business operates a diverse inventory, including household goods, toys, stationery, party supplies, and seasonal items in keeping with its main high street location.
The location of this business guarantees year-round trade.
SALE CONSIDERATION
The current owner 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 focus on unrelated business interests. The sale will include all fixtures and goodwill associated with the business and will be offered plus SAV (stock at value).
FINANCIAL OVERVIEW
The business has shown consistent revenue growth over the past five years, with the last year's revenue totalling £400k and an EBITDA of £TBC. The business has a strong cash flow and maintains healthy margins due to its efficient purchasing strategy and loyal customer base.
HISTORY
Founded over 4 years ago by the current owner, they have grown from a small discount store into a key player in the local retail market. Over the years, the business has expanded its product lines and customer base through excellent customer service and strategic marketing initiatives.
PRODUCTS/SERVICES
Offering 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
Party supplies and gift items
MARKET
The business enjoys a 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 only, free from the tie of employees, allowing an incoming operator to introduce their own team if desired. 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 delivery services through directly employed staff or app orders.
Website: The business does not operate a website at present, which offers excellent scope to introduce an e-commerce platform to compliment 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, which could increase scope in both sales and brand exposure.
PREMISES
The premises are a ground-floor retail unit on an extremely busy shopping parade of retail shops, located on the main high street in Dudley. The ground floor has dedicated retail space, a stock room, three offices, two kitchens, and two bathrooms.
The vendor has invested significantly in the property since its inception, with new raised access ceilings, LED lighting throughout, and commercial-grade LVT flooring throughout. The premises will be made available by way of a new lease at £30,000 per annum.
Viewing is essential to appreciating 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.
