Long Established Army & Workwear Store in North Lincolnshire

Scunthorpe, Lincolnshire
REF: INT2088

Asking Price:
£40,000
Annual Turnover:
£45,000
Annual Net Profit:
£22,500
REF: INT2088
Photo of Long Established Army & Workwear Store in North Lincolnshire
Photo of Long Established Army & Workwear Store in North Lincolnshire
Photo of Long Established Army & Workwear Store in North Lincolnshire

Overview

Tenure:
Leasehold
Established:
1998
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Strong Supplier Relationships

A great opportunity has arisen to purchase a successful and well-established army and navy surplus store, located in North Lincolnshire.

First established over 20 years ago, the business has built a great reputation, now boasting a large number of repeat customers who frequently return for any of their workwear needs.

The business sells a range of camouflage, workwear, accessories and footwear, all of which are of extremely high quality and offered in a wide range of sizing.

Due to their great location, the business benefits from high levels of footfall and passing trade.

Offered on a leasehold basis.

The business operates from a prime location on a busy high street in the centre of Scunthorpe. With high levels of footfall and a number of complementary businesses nearby, customers can take advantage of the fantastic local transport links and nearby car parking.

The business is offered on a leasehold basis with rent payable at a rate of £6,000 per annum.

Stock with an approximate value of £8,000 is also available to purchase by separate negotiation.

There is huge scope for growth due to their existing customer base and unique product range.

The current owner has not yet explored adding an online/e-commerce side to the business. Developing an e-commerce website or listing their products on platforms such as Amazon may be highly beneficial for the business. Similarly, developing the business's presence on social channels, such as Facebook and Instagram, would help to boast brand awareness and introduce potential new customers.

Features

Reputation

  • Google: 4.8

Online Presence

Location

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  • City Centre Location
  • Shopping Centre Location
  • High Street Location
  • High Footfall
  • Good Transport Links

Property

Annual Rent
£6,000
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Year)
2022
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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