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."