Popular Printers & Stationers Store Central Location
- Asking Price: £539,950 +SAV
The business generates a turnover in the region of £664,000 as of 2016 accounts.
Gross profit 50%.
- Tenure: Leasehold
Hilton Smythe welcomes to the market this popular printers and stationers. This business was originally established by our client in 1986. Our client has run this business to an excellent standard and is now looking to sell the business, due to the desire to take a well-deserved retirement.
The store runs as a highly respected corporate printing business with a high-street retail shop. The shop offers a variety of printing services as well as stationery products, this includes office stationery, office machines, cartridges and toners, office furniture, health and safety signage and presentation aids.
The printing arm of the business deals with over 100 active customers from large hotels to banks, DIY stores and garages, many of which have been loyal customers for over 20 years. Our client stores all past orders, allowing for convenience for repeat trade. Our client offer a 24-hour service this includes printing and delivery.
The company operates a 3-4 mile radius, and offers delivery on all orders. Deliveries are done in a company van, this is included in the sale.
Trade is currently split 75% printing and 25% retail sales.
The current turnover for the business is an exceptional £664,000 as of 2016 accounts, with a gross profit of 50%. The company takes orders via telephone or in person. The business does have a website; however, this is not used to take orders. The purchaser could look to change this website into e-commerce to allow for more custom.
We feel that the retail side of the business can be expanded. The purchaser could look to increase the choice of office machines and stationery. The business is well known in and around this location, we feel that with a little extra advertising the shop could see a lot more trade from further afield.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
The business is run and managed by our client, with the help of three full time, one part time and three family members.
The business opening hours-
Monday - Saturday: 9am – 5pm
The printers is located in London.
The business is situated on a busy high street. Directly outside the store are free on street parking bays, allowing custom to easily call in the shop.
This is an exceptional location for any successful business.
The business boasts a substantial sized property on a retail parade of stores. The property is well-signed and looks presentable.
On entrance is the shop area, where there is perimeter shelving and central isles. The counter is to the back of the shop, with a view of the store. There is a digital copier in the shop, this is for customers to use.
The printing workshop is separate from the retail space. There are two areas these spaces are well equipped, perfect for the trade. Leading off from the workshop is an admin office, manager’s office, staff kitchen, toilet and storage area.
There is access to the back of the property, where there is rear parking and a delivery bay.
Equipment included in the sale, is as follows-
All printing equipment
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Remaining lease length: 5 years as of 2016.
Rent: £30,000 per annum