| (REF: SE001464) Very Well Est Mobility Shop - West Sussex Coast |
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| Seller Reference: |
SE001464 |
| B4S Reference: |
28496 |
| Asking Price: |
£38,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£76,376 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, West Sussex, United Kingdom |
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A VERY WELL ESTABLISHED MOBILITY SHOP SELLING BOTH NEW AND USED PRODUCTS IN A VERY GOOD TRADING LOCATION ON THE WEST SUSSEX COAST
LOCATION
The business is located in an easy to visit parade of shops, with free parking, near the beach in a popular coastal town in West Susse, close to Brighton and Hove with Crawley located approximately 20 miles to the north.
In the mobility market, this business has no direct competitors locally that buy and sell second-hand products. Many of the other local retailers in this market sell their traded-in products to this business.
The major advantage to being away from the main high street is the ease of local free parking and easy access to the shop.
PROPERTY
The business is located in a parade of shops. The unit, which has a large glass frontage, offers 448 sq ft of retail space, plus office and shower/wc/kitchen, together with a further 340 sq ft of storage space. There is a forecourt area at the front of the shop to show mobility aids such as scooters.
THE TENURE
We understand that there was a new 6-year lease taken out in October 2010, with a 3-year break clause. Rent is payable at £412 monthly and the current full Business Rates are £927 per annum.
THE BUSINESS
The owner started the business in October 2001, originally trading from the High Street in Shoreham-by-sea, but due to the difficult parking arrangements in the High Street, chose to relocate the business in 2010. This also greatly reduced the business rent and rates.
The business has a strong profitable track record, with turnover at £90,827 for the year ended September 2007, £91,285 for 2008, £93,379 for 2009 and £76,376 for 2010. Turnover is forecast to be £95,000 for the current year.
As well as the shop, the owner offers to visit people's homes to advise, survey and quote. The business sells (new and used), services and repairs scooters, electric and manual wheelchairs, walk-in baths, electric beds, rise/recliner chairs,electric bicycles, walking aids and all accessories. The business is run by the owner, opening Monday to Friday 9am to 5pm and Saturday 10am to 4pm, providing free delivery in Sussex, and as well as having two inter-related websites it also receives considerable business from Yellow Pages.
The business deals in all brands including Sunrise Medical, Roma Medical and Drive Medical and has a direct working relationship with Acorn Stairlifts. Having no direct competitors locally that buy and sell second-hand products, many of the other local retailers sell their traded-in products to this business.
The business also includes a white, branded Citroën Dispatch Van (05 reg).
The owner is happy to offer assisted training to the new owners, if required, and the self-employed engineer is prepared to continue to work with the new owners, again if required.
The business is either ideal to add to an existing business or for somebody interested in moving into this area of business.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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