Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Internet/online Nursery/baby Goods Retailer

LISTING DETAILS
Firms For Sale ID:
34415
Vendor reference:
AB239
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£160,000  
Turnover / revenue:
£850,000
Net profit / cashflow:
Undisclosed
Years established:
6
Trading hours:
Website: 24/7 Store opening hours - Tuesday to Saturday 10am to 4pm Warehouse Opening - Monday to Friday 9am to 5pm
Number of employees:
2
Employees / staffing:
The vendor works full time in the business. The business currently employs a full time warehouse operative and a part time retail shop assistant, but this could shortly be increased to two part time shop assistants.

OTHER DETAILS
Reason for selling:
Relocation.
Support and training:
Vendor will provide a comprehensive handover to ensure a seamless transition and continuity of trading, this should be relatively straight forward based on the current business model.
Business is relocatable:
Yes
Business is web-based:
Yes
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The retail store is currently rented monthly with no contracted lease period agreed, this is an ongoing open agreement. The warehouse situated 15 minutes from the store occupies circa 2,400 square feet and is on an agreed 12 month lease that expires on the 30th September 2016, this will continue on a month by month basis at the end of the agreed contract.
 
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BUSINESS DESCRIPTION
Internet/Online Nursery/Baby Goods Retailer
Online and Retail Showroom
Ref. AB239
Location : Leicestershire/Relocatable
Asking Price : GBP160,000 plus stock
This reputable and now well established independent business specialises in the retail of mid to upper range nursery and baby goods, both online and via their beautifully appointed retail store ideally located in a popular market town.

The business was born in 2008 and was established as a limited company in December 2010. The business has grown organically from retailing online with a single brand to now stocking an extensive range of brands and product lines all within the baby and nursery sector.

The business has a strong and well regarded online presence and successfully retails through its own website and also across 3 market places Amazon, eBay and one of the major supermarket chains.

The retail store situated in Leicestershire, has been successful since opening in December 2013 and has increased business throughout with a noted increase in sales of 30% for the first quarter of 2016. The online business currently attributes 80% of the annual turnover of the business, and the store 20%. The business has built and maintains strong relationships with all of the suppliers and has negotiated credit accounts with 30 and 60 day terms. Items are delivered to customers utilising a third party delivery service. The company experiences very low return rates.

The online business is totally portable and scaleable. Its customer base, and supply chain for that matter, has grown year on year. The business enjoys very high retention levels and repeat business. It has relatively low fixed costs and is simple to run. All sales are retail which ensures the business enjoys good levels of profitability.

Expansion Potential
The business has widespread opportunities for further growth and development both with in store sales and also online. There is a vast range of brands and products not currently stocked that would be superb additions to the business for increasing online and in store retail. The further increase in store sales could easily be recognised with the addition of local marketing campaigns, the company is in a strong position as the only independent nursery store within the local area. All existing business in store comes from passing trade, and word of mouth recommendations.

The foundations are in place for a new owner wishing to expand the business and take it through its next natural period of growth and increased profitability. There are many avenues to develop this.

Integration into an existing e-Commerce operation will also be straightforward.