For Sale

Owen and Simpson Of Dorchester Dorset DT1 1BE

Dorchester, Dorset

£19,999 +SAV

Ref: 12650 I

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market Owen and Simpson Of Dorchester. The business was originally established 25 years ago by our clients. The owners have built this business up to have an exceptional customer base and an enviable reputation. The owners are now looking to sell the business, due to the desire to take a well-deserved retirement.

This is a business that offers household products, such as kitchenware, cooking essentials, electrical goods and much more. They offer their products from a large retail store, in the town centre of Dorchester. The business also has a retail space in a garden centre close by. The business website is also a popular way of shopping. They offer deliveries for just £1 to Dorchester, Weymouth and Portland areas of Dorset.

The business currently generates an advised turnover of around £323,000, with a gross profit of around 40% as of 2015 accounts. This is a fantastic turnover, that can be increased by advertising the business on free social media sites, such as Facebook. This is a great way of advertising as there are a lot of users on the site.

Our clients rent the space in the garden centre. This space is £6,500 per annum, the staff at the garden centre run this store. With every transaction our clients pay 7% commission. The new owner could look to expand to further stores across the UK, to allow for more sales nationwide.

This is an exceptional business opportunity that should not be missed. The great reputation allows for repeat loyal trade. Hilton Smythe highly advise early viewing, in order to take in the full potential of this well-known household store.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 25 years
Remaining lease length: 3 years as of 2016.
Rent: £32,000 per annum
The rent for the garden centre plot is £6,500 per annum, which is included in the overall rent figure.

The lease is easily renewable.

Hours

The business opening hours-

Monday - Saturday: 9am – 5:30pm
Sunday: Closed

Staff

The business is run and managed by our clients, with the help of two-three part time members of staff.

Financial Profile

The business generates a turnover in the region of £232,000.
Gross profit 40% as of 2015 accounts.

Location

Owen and Simpson Of Dorchester is located in Dorchester, Dorset.

The business is situated in the town centre of Dorchester. This is a very nice location with a variety of independent retail outlets. The town centre receives a generous amount of footfall from the locals, that live in the area. The town also receives trade from tourists looking to shop in this cosy location. This area has bags of character and fantastic architecture; which shows throughout.

The other retail space is situated in a garden centre in Poundbury.

The business boasts prominent locations, that generate high amounts of footfall. The main store is set back on a street, which leads through to a court yard of stores, allowing for passing trade. The store is close to the main road that runs through the town. This connects to the A35, which circles the town.

This area boasts great public transport. There are bus stops dotted around and also a train station just a short 10 minute drive away.

Premises

The premise boasts a double fronted property. There are two bay windows at the front of the property giving the premise character. The door to the entrance is in between these windows.

This is a fantastic sized premise that has been completed with perimeter shelving throughout. There are also several stand up display units and counters dotted around. The retail space is set out on the ground floor, this has different levels.

The till is to the right on entrance, this has a clear view of the whole store. At the back of the premise is the store room. This is a good size with shelving for stock.

First Floor
On the first floor there is a large stock room. This is well-organised with shelving. On this floor there is also a staff room and office.

Equipment included in the sale is as follows-
Shelving
Racks
Stands
Counters

We are advised there is another retail area in a garden centre in Poundbury, Dorchester.

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