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Upminster, Essex, RM14

£150,000

Business rates & charges may apply

Hilton Smythe, Bolton
SECTOR
Shop for sale

Key features

  • Ref:B05018
  • Leasehold

Property description

Business
Please quote reference B05018

Hilton Smythe welcomes to the market S & A Imports, a family run business, which was established in 1975, our client is now looking forward to retirement.

S & A Imports is an Aladdin’s Cave of gifts, artificial flowers, party goods, wedding accessories that supply for weddings and parties across Essex and beyond.

Having been established in 1975 the business has grown by word of mouth advertising only and although there is a website this does need to be brought up to date.

The premises are vast at circa 504 square meters and is split over two levels.

The first floor of the barn is devoted to the artificial flowers and the ground floor has everything you will need to set up your wedding, party, hen party etc.

The business is stocked full and has a large area devoted to Christmas.

All the stock rooms etc are located on the ground floor.

The business has many returning customers and there is always someone coming through the door from opening at 10am to closing time.

S & A Imports is a profitable business, however, there is huge scope for development by considering the following options:
• Updating the website
• Selling on Amazon
• Selling on eBay
• Creating a social media page
• Considering opening Mondays

There are many reasons to buy S & A Imports including
• Long established business
• Many repeat customers
• Profitable business

Hilton Smythe highly advise early viewing to avoid disappointment.



Location
S & A Imports is located in Corbets Tey, just outside of Upminster, Essex.

The premises are located in the grounds of a farm alongside many other thriving businesses, however, the business, which has been running since 1975 has the majority of customers in the area.

There is parking for several vehicles directly outside and plenty of further parking very close by.

S & A Imports is located on High House Farm just behind The Huntsman & Hounds Pub



Premises
Outside is a parking area for at least 10 cars with further close by parking available.

The entrance door takes you in to the barn style building with many aisles full of goods including:
• Wedding accessories
• Party goods
• Hen party goods
• Balloons
• Badges
• Banners
• A very large Christmas section, open seasonal times.

There are numerous store rooms.

At the exit there is the counter with till, behind which is the staff area.

The first floor is dedicated to artificial flowers with numerous displays and two emergency exits.



Tenure
We are advised the business is being sold as a Leasehold business opportunity.

The business has a rolling lease with an annual rent of £34,560

Rates are payable at £11,400 per annum



Hours
The business opening hours:
Monday: Closed
Tuesday - Wednesday: 10am – 4pm
Thursday - Saturday: 10am – 5pm
Sunday: 10am – 4pm



Staff
The business is run and managed by our client, with the help of 6 part time members of staff.



Financial Profile
S & A Imports generated an advised turnover of circa £231,564 as of the 2017 accounts, with a gross profit of 40% and a net profit of 10%

The stock is conservatively estimated at around £300,000

The assets being sold with the business are worth in the region of £35,000

Please quote reference B05018



Upminster, Essex, RM14

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Upminster Station1.2 miles
  • Upminster Bridge Station1.3 miles
  • Hornchurch Station1.6 miles

About Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

At Hilton Smythe, we sell businesses. For those looking to buy or sell in the UK, we act as a bridge between buyer and seller. We pride ourselves on making the business sales experience more transparent, fair and enjoyable for buyers and sellers alike.

We market businesses using multiple market leading platforms and channels all with the aim of achieving the best price and outcome for our clients.

We’re a young, fresh and driven group of people with the knowledge and experience ne

More properties from Hilton Smythe, Bolton

Notes

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Disclaimer - Property reference B05018. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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