Business headline: North East School & Workwear Business For Sale
Turnover: £265,000+
Selling price: £125,000
Business reference: TEC9002/22DF/5017
Thriving School and Workwear Retailer For Sale in North East
Price Reduction
Key points for the business are as follows :- a. 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. b. Fully Functional and well-established e-commerce website c. At the present time the business is carrying more than £100k worth of stock. d. There is an In-House embroidery facility ensuring a quick turnaround all clients e. 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.
Profit / EBITDA: On request
Location: Northern England - Services Majority of Tyne & Wear
Leasehold: NEW LEASE : Business offered as a going concern for offers in excess of £125,000
Key areas of activity: Schoolwear, Workwear - offers in excess of £125,000
Reason for selling:
Our Client would prefer to concentrate on other business interests in the near vicinity of the existing trading premises. This does provide for excellent support should any future buyer require, and leg up or friendly advice. This business is sold on a FREEHOLD going concern basis @ £375,000 + SAV.
Business features:
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 £50k worth of stock.
There is an In-House embroidery facility ensuring a quick turnaround to and 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.
Property information:
Our clients retail outlet operates from two floors, the ground floor occupies 650 square feet, and first floor 1250 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. There is also more than adequate Car Parking facilities opposite the client premises. This is a paying parking facility, and also free parking nearby.
Lease terms:
“The business is available for sale under a new Leasehold arrangement. Specifically, it will be sold as a ‘Going Concern,’ which encompasses a fresh 10-year lease, complete with a 5-year break clause and Rent Review provision.
The Landlord is proposing an new annual rent of £22,500 per annum
