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Leading North East Schoolwear And Workwear Retailer For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Asking Price:
£375,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
Under £50K

Leading North East Schoolwear & Workwear RETAILER
The Exit Co is delighted to bring to market this rare opportunity to acquire on a FREEHOLD basis, one of the Norths 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 4 x Academy Schools, and 16 x Primary Schools, this is in addition to the retail shop, and online e-commerce facility activity for both school and Workwear.
Key points for the business are as follows :-
• Our clients retail outlet operates from two floors, the ground floor occupies 1300 square feet, and first floor 1200 square feet, there is in addition more storage capacity ensuring that the business can fully meet all the stock demands during the busier periods in the school year.
• Fully Functional and well-established e-commerce website
• At the present time the business is carrying more than £100k worth of stock.
• There is an In-House embroidery facility ensuring a quick turnaround for all clients
• Owners are willing to make themselves available to a new owner to help safeguard the continuity and ensure an easy transition.
• Business for sale due to the current owners wish to concentrate more fully on other business interests.

Key Features

• Attractive Business
• Town Centre location
• High Turnover
• Close to Local Amenities
• Fully Fitted
• Established Business
• Car Park available opposite trading premises
• Company for Sale
• Accounts Available upon request and completion of our NDA

This is a well-established and profitable business which has significant potential for further future growth.

The Business is For Sale and sold as, Freehold Premises, trading as a going concern and Includes All fixtures, and fittings.

Offers are invited for this business in Excess of
£375,000 for the Freehold interest and share of the business

Or

£145,000 for the Leasehold interest of the business. Annual Rental would be £20,000 per annum. (A new full repair & Insurance lease would be granted).

Any of the above do not include the stock, we would propose upon the successful acceptance of a full and reasonable offer that prior to completion we would have a full and professional stock valuation, which would be made available for the perusal of all parties concerned.

Further detailed information, including annual trading accounts will be released upon receipt of ours only signed non-Disclosure agreement. The seller will expect interested parties to have a sound finance plan in place for the purchase, and sight of suitability in terms of funds available would be required prior to meeting our clients

After purchase support:
The seller is prepared to provide and offer an agreed period of guidance to support the new owner(s) to ensure a smooth transition.

Property Information

Property:

Freehold

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:
2500 +9+

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:
2-4
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:
£95,000
Related Documents:
Relocatable:
This business can be relocated.

Contact The EXIT Co

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