The Parade, PO20

Price Busters
BUSINESS SUMMARY

Business Name: Pricebusters (Sussex) Ltd
Location: 4/5 The Parade, East Wittering, Sussex
Established: Over 30 years
Type of Business: Coastal Village Discount Retail Store

COMPANY OVERVIEW

Price Busters is a well-established discount retail store located in the heart of East Wittering, Sussex. Known for its wide range of products and competitive prices, Price Busters has become a staple for bargain hunters in the community. The business operates out of a 1,900-square-foot facility that houses a diverse inventory including household goods, toys, stationery, party supplies, and seasonal items in keeping with the coastal village location.

The location of this business guarantees year-round trade with a thriving high season throughout the summer.

SALE CONSIDERATION

The current ownership is offering 100% of the business for sale, including all assets and the ongoing business concern. The decision to sell is based on the owner's desire to retire. The sale will include all fixtures, and goodwill associated with the business and will be offered + SAV (stock at value).

FINANCIAL OVERVIEW

Price Busters has shown consistent revenue growth over the past five years, with the last year's revenue totalling £470k and an EBITDA of £110k. The business has a strong cash flow and maintains healthy margins due to its efficient purchasing strategy and loyal customer base.

LOCATION

Situated on the main commercial street in East Wittering, the store benefits from high foot traffic and visibility. The business operates within a leased premises, with a renewable lease in place.

HISTORY

Founded over 30 years ago by the current owner, Price Busters has grown from a small discount store into a key player in the local retail market. Over 31 years, the business has expanded its product lines and customer base through excellent customer service and strategic marketing initiatives.

PRODUCTS/SERVICES

Price Busters offers a diverse range of products, including but not limited to:

Home essentials and cleaning supplies
Hardware supplies
Office and school stationery
Toys and games for all ages
Seasonal decorations and costumes
Gifts and many more....

MARKET

The business enjoys a broad market appeal, serving a wide demographic including families, schools, and local businesses. The market for discount retail remains robust, driven by consumer demand for value purchases.

OPERATIONS

The store is managed by the owner, with the support of 7 part-time employees. Operational systems are well-established, with a proven inventory management system and supplier relationships in place.

FINANCIAL INFORMATION

Detailed financial statements for the past five years are available upon request and signing a confidentiality agreement.

EXPANSION OPPORTUNITIES

Delivery: Implementing a delivery service to cater to the increasing demand for at home services through directly employed staff.
Website: The business does not operate a website at present, which offers excellent scope to introduce an e-commerce platform to compliment the deliveries.
Click and Collect: Opportunities to introduce click and collect for both website and partner app orders.
Delivery Partners: Introducing the business to partner delivery apps such as Deliveroo and Uber Eats could increase scope in both sales and brand exposure.

PREMESIS

The premises is a ground floor double fronted retail unit on an extremely busy residential estate parade of retail shops. The ground floor has dedicated retail space, two stock rooms and bathroom. On the first floor the property benefits from an apartment, which is current sub-let on an Assured Shorthold Tenancy, contributing significantly to the property lease costs by £9,000. The premises is made available by way of a lease at £14,000 per annum.

Viewing is essential to appreciate the quality of the business on offer.

FURTHER INFORMTAION

Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information please contact us.