 | Specialist Sporting Goods Retailer For Sale London, United Kingdom Advert ref: 1819NP FINANCIAL DETAILS | Asking price: £75,000 Sales revenue: £635,000 Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
FRANCHISE TERMS | The franchise terms are available to interested parties. One of the many benefits of the franchise is the considerable buying-power of the franchise network as a whole, resulting in excellent gross profit margins
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BUSINESS DESCRIPTION | GHNP Brokers are pleased to offer for sale this specialist sporting goods retailer operating in one of the fastest growing niche markets. The business benefits from some unique supply lines of high end equipment suppliers. The margins are excellent with a gross profit of £235k. As well as retail sales the business also offers equipment servicing and repairs. This is an excellent opportunity for an owner manager or an existing business to further grow this business. On top of the goodwill price of £75k the vendor will also be purchasing the net assets.
The purchaser will acquire a business which has a strong customer base, two excellent locations, tremendous growth potential, key supplier accounts, experienced staff and an excellent reputation
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GENERAL INFORMATION | Property: Leasehold
Lease terms
Property 1 has 7 years remaining on a 10 year lease with rent at £25k pa. Property 2 has 8 years remaining on a 10 year lease with rent at £14.5k pa.
Reasons for selling
Other business interests.
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