Superb Engraving and Key Cutting Business For Sale
Bognor Regis, West Sussex
- Asking Price: £20,000
- Turnover: The business reports a healthy turnover of circa £30,500 per annum with a gross profit at 60%.
- Tenure: Leasehold
The asking price includes stock. Hilton Smythe is delighted to introduce to the market W & K Rossiter. The business was established in 1984 with our client successfully running the business since inception in 2003. The business reports a healthy turnover of circa £30,500 per annum with a gross profit at 60%. Revenue is split 75% engraving sales, 20% key cutting sales and 5% retail sales from household goods and giftware. The business has an excellent reputation seeing much repeat trade and benefitting from consistent trophy and award medal engraving orders from over 15 clubs. Additional revenue is sourced from a letting agency next to the shop requiring steady key cutting services. The retail area is spacious and we believe could be reconfigured to allow more retail space for additional goods and giftware to attract more passing trade. The business has a website in situ www.wktrophies.co.uk giving further information about the services offered. The website could be developed to encourage on-line sales to further profit. Early viewing of this clearly sustainable business is highly recommended, with the business genuinely coming to the market as our clients wish to relocate abroad.
The business is solely run and managed by our client.
The business opens:- Monday, Wednesday 9.00am -1.00pmTuesday, Thursday, Friday 9.00am-4.30pmSaturday 9.00am-1.30pm
The business is located in the bustling seaside resort of Bognor Regis in West Sussex. W & K Rossiter occupies a prominent trading location within a popular retail parade west of the town centre. The business occupies a prime site opposite Tesco’s Express ensuring constant footfall throughout the day and further benefits from parking bays directly in front of the business and along both sides of the street. There is a bus stop a short walk from the business. Bognor Regis is situated on the south coast of England and is a popular family holiday destination boasting many sites of historical interest nearby and home to the well-known Butlin’s holiday camp. The area is easily accessible with its own railway station and access via the A27 running between nearby Portsmouth and Worthing.
Mid parade premise briefly comprising:- Floor to ceiling newly fitted glass fronted shop frontage with central access door. Good signage. Retail area leading into retail shelving area, key cutting counter and several tall glass fronted display units. To the rear is the engraving area consisting of 1computer engraving machine and 1 manual machine.Office Toilet facilities
We are advised leasehold.The original lease length is 15 years4 years remain on the leaseReviewed every 4 yearsRent is £5686 per annum.