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Well Established Stationers in Prominent High Street Location

Reigate

Advert ref: 1979LT

Business Partnership is excited to bring this well established stationers to the market.
The shop has a prominent high street location in the affluent Surrey town of Reigate. It has achieved average annual revenues of over £440 000, with gross profit of over 50%.

Key features:

  • Average Annual Revenue over £440 000 - Average annual revenue is over £440 000, with gross profit over 50%. 
  • Very Well Established Business - The business has been in operation for over 30 years. It is now for sale due to retirement. 
  • Excellent Local Reputation - The shop has an excellent local reputation. This is demonstrated by fantastic on-line reviews. 
  • Opportunities to Expand Further - Despite the impressive performance of the business, there is room to expand further in terms of developing on line sales and business to business sales.  There are currently no on line sales or business to business contracts. 
  • Handover Period - The current owners are willing to work with the new owners during a handover period, if required. This will enable the current owners to pass on their knowledge gained in the last 30 + years of running the business. 
  • Increasing Sales - The Final quarter of 2021 has seen sales higher than pre Covid levels.

Property Details: Leasehold
Asking Price: £165,000 + SAV + Net Assets (Leasehold)
Turnover: £440,000 Annual
Location:

The business is located on a prominent high street location, in the affluent Surrey Town of Reigate.

Premises Details:

The business comes with leasehold premises. A new lease will be agreed as part of the business sale.

Trading hours:
8:30 - 5:30 Monday - Saturday

Well Established Stationers in Prominent High Street Location  Reigate

Financial Details

  • Leasehold: £165,000 + SAV + Net Assets
  • Turnover: £440,000 Annual
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed
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