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Sporting Goods Shop For Sale

Honiton, Devon, UK
Asking Price:
£175,000
Turnover:
£226,156
Net Profit:
£50,107

• £175,000 + SAV
• Sporting goods shop
• Leasehold
• Long standing business – established in the 1960’s
• Sporting clothing, footwear and equipment
• Stocks uniforms for local schools
• Excellent reputation
• Scope for growth

For Sale: Honiton Sports Limited – A multi sports shop located in Honiton (near Exeter) offering a variety of sporting clothing, footwear and equipment for all types of sports.

Also currently stocking uniforms for 17 local schools, this business has an excellent reputation and customers will travel over 80 miles to visit Honiton Sports – one of the only multi sports shops in Devon.

Known for being a Hockey specialist, Honiton Sports Shop supplies various sporting teams around the area with kits and equipment.

Honiton Sports Shop has an established relationship with many local sports clubs and gyms.

Coronavirus restrictions and lockdowns forced the shop to close for 7 months during 2020, however this business has proven successful having still made a healthy profit despite this.

Honiton Sports Shop launched their website with an online shopping facility in 2020, and this has proven to be extremely popular – with over 1000 orders taken in the first 12 months.

This business was established in the 1960’s, was taken over by the current owner in 2013 and has grown year on year.

As well as a long list of various schools, teams and other clients, Honiton Sports Shop supplies fitness clothing, footwear and equipment for:
• Tennis
• Badminton
• Squash
• Table tennis
• Racquetball
• Running
• Darts
• Rugby
• Hockey
• Football
• Cricket
• Netball
• Snooker and pool
• Gym equipment

Assets included
– Laptop for vinyl cutter
– Vinyl cutter
– Heatpress and cutter for printing teamwear, t-shirts, uniforms etc.
– All fixtures and fittings including mannequins
– Racket stringing machine
– Epos now till & software (software is on a contract at £25 p/m)
– Display equipment and pop up banners for events
– Security system
– Security cameras with vision in-store and remote access
– Website & all social media accounts

Stock is valued at £75,000 and is not included in the sale price of £175,000.

Reputation
Honiton Sports Shop has an excellent reputation, both in the local area and online, with:
• Over 1700 followers on Facebook
• Over 1200 followers on Twitter
• 4.8* Google Reviews
Our clients have received excellent feedback from tourists and shop visitors, who say that it is rare to find a real sports shop.
Honiton Sports shop is continuing to grow and is always taking on new clients and contracts.

Tenure
Located in Honiton, and operating from a leasehold premises comprising of a shop floor, plenty of storage space (a back storeroom and roof storage space) office space, back fire door exit and staff toilet facilities.
The annual rent is £16,060 per annum and the lease is due to expire in December 2024, however this shop has remained in situ since it was established in the 1960’s, and our client is confident that the landlord is likely to extend the lease.

Financial information
Please contact GS Verde Business Transfer for further financial information, including copies of the full business accounts.

Please note: Viewings are to be made strictly by appointment only. Please contact GS Verde Business Transfer if you would like to arrange a viewing of the premises.

For more information, please contact GS Verde Business Transfer on

Property Information

Property:

Leasehold

Leasehold Rent:

£16,060 per annum per annum

Contact GS Verde Business Transfer

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