For Sale
Well Established Wool Shop For Sale
Elgin, Morayshire
- Asking Price: £99,995 +SAV
-
Turnover:
Further financial information can be made available upon request.
Please quote reference B06861
- Tenure: Freehold
Please quote reference B06861
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold basis) an exceptionally well run and popular wool shop and needlecraft business
The business has been under the careful and meticulous ownership of our client for the last 18 years, building up an excellent reputation within the local area, with the business being in this situation for many years prior to our client’s ownership. The business has only now come to the open market as our client wishes to leave the industry after many successful years of trading, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.
Linda’s Wool and Needlecraft is a real treasure trove for all things wool and needlecraft related. The business stocks a vast selection of wool of varying types and colours, along with patterns and knitting equipment along with stocking a wide selection of cross stitch, tapestry and haberdashery supplies and is seen as a hub within the local crafting fraternity.
We feel there is scope to further increase the turnover for the business, by undertaking a robust marketing campaign via local press, social media, along with the introduction of a dedicated website to help further promote the business. There is also the possibility to take the business online to supply a wider target market via online ordering and setting up an amazon and eBay outlet.
This outstanding well established business trades on its reputation for quality and service and has outstanding future possibilities.
The current business owner is more than happy to offer a hand over period if required.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
The business is run and managed by 1 full time and 1 part time staff member.
The business trading hours are as followed:
Monday to Saturday - 09:00am - 17:00pm
Sunday - Closed
The business is located in a prime trading location on South Street, within the popular Moray town of Elgin. The business is complemented by being surrounded by a host of local independent retailers, leading to a good level of footfall, and passing trade.
Elgin is well serviced with a wide range of local amenities including primary and secondary schooling, Dr Gray’s Hospital, along with a good selection of hotels, pubs, restaurants, and a variety of independent and major retail stores. The town further benefits from excellent road and rail links to the cities of Inverness and Aberdeen
The business is located in a tradition retail style property, with the shop itself having a large display window directly onto the street and comprises a ground level sales floor area with various wall displays and racking, service counter located to the rear of the shop, with further storage and w/c facilities located to the rear of the premises.
Tenure
We are advised the business is being sold on a Freehold basis.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
