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Retail

Other Retail Trade

THE BUSINESS Advent Business Sales are delighted to offer for sale this well established and very popular knitting wools, crafts and haberdashery business. Established 28 years ago by the current vendor, it is now reluctantly offered for sale as the vendor has made plans for early retirement. The two shops, which are similar in layout and location, occupy a prominent and prime location with the nearest similar business in Nottingham, which is 15 miles away. The vendor has built an enviable reputation which has been built up over the years with a good proportion of regular custom. The two shops are divided in accordance of stock as one concentrates more on knitting wools, crafts and patterns and the other more on sewing and haberdashery. Our client stocks an extensive range of products including: Coats Loweth James Brett Tivoli Ramsdens Sirdar A phenomenal amount of width and assortment is offered, allowing the business to remain successful. The services are advertised in local publications as well as Yellow Pages. The business is staffed by the vendor and two full time and 8 part time employees, covering both shops. The current stock is running in the region of approximately 60,000 on both sites. TRADING HOURS Mon Fri: 9.00am 5.00p EXPANSION POTENTIAL Whilst already a successful and growing business, there is still excellent potential for growth including further advertising and possibly internet sales. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 334,000 Gross Profit: 44% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Two attractive double fronted premises in Derby city centre consisting of: Shop 1 Entrance door with double windows leading into main sales area, decorated and equipped to a high standard Racked and shelved throughout with central customer serving area with till point Stockroom and staff area to rear Office and w/c Rear fire door Shop 1: TENURE: Leasehold Original lease: 15 years Remaining lease: 10 years Review every: 5 years Rent: 17,500 per annum We are advised that the annual business rates are currently: 6,000 Shop 2 Large unit with central doors leading into main sales area, decorated and equipped to a high standard Racking and shelving throughout with central serving area with till point Rear stock room with office, staff area, w/c and kitchen to rear Rear fire door Single parking to rear External Both shops paved to shop front Shop 2: TENURE: Leasehold Original lease: 12 years Remaining lease: 12 years Review every: 4 years Rent: 27,500 per annum We are advised that the annual business rates are currently: 8,000

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