Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

North East School & Workwear Business For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£265,000
Net Profit:
Not applicable

The Exit Co is delighted to bring to market this rare opportunity to acquire on a new LEASEHOLD basis, One of Tyneside's leading Schoolwear and workwear Retailers.

This is a highly locally respected business with a highly and well-developed customer base trading since 2013 covering more than 3 x Academy Schools, and 12 x Primary Schools, this is in addition to the retail shop activity for both school and Workwear.

Current split of business would be 85% Schoolwear - 15% Workwear

The business will be sold as a 'Going Concern' and the following assets are included as part of the business sale:

1. Fixtures and Fittings
2. Goodwill
3. All Plant and Machinery
4. Stock (Subject to valuation at the time of sale)
Current Stock holdings, approximately £50,000

Additionally, the business currently employs four part-time staff members. If desired, these employees can be retained as part of the sale and made available to any prospective buyer."

Property Information

Property:

Leasehold

Lease Terms:

10 years lease
5 year break clause / rent review

Living Accommodation:

The premises could be converted to provide living accommodation either for the vendors or as a separate investment considerationi

Location:

North East England

Premises Details:

Freehold
Car parking is available opposite the client premises

Size in square feet:
1900 sq feet

Business Operation

Expansion Potential:

There is significant potential to expand the retail floors as well as exposing the first and 2nd floors to provide more capacity for stock and extend the retail operation - this could also potentially be utilised as living accommodation

Reasons for selling:

The seller is seeking to concentrate on other commercial interests

Trading hours:

Monday - Friday 09.30 - 16.30

Employees:
4 x part-time employees
Years established:
since 2013

Other Information

Support & training:

a level of support and guidance is on offer to any successful purchaser

Financing available:

Finance is available subject to each specific applicants financial circumstances

Inventory / Stock value:
£50,000
Related Documents:
Relocatable:
This business can be relocated.