Retail, North Yorkshire

TROPHIES AND ENGRAVING BUSINESS in Harrogate for Sale.

Established back in 1983, this well-known Harrogate business enjoys a monopoly within a wide catchment area. Customers have been known to travel 30 miles or more to use the services the shop provides. Much of the shops custom is derived by way of repeat business from schools and sports clubs, but a range of gifts and engraving services is also a big part of the business. Run and operated by a husband and wife, the very personalised service has become a much valued one by residents and visitors to this famous spa town. Annual turnover £89,000. The shop only trades four days a week from 11am to 4pm, keeping it just below the VAT threshold. However, the gross profit margins of 70% produce a very healthy net profit of over £48,000 per annum. This is truly an outstanding business for the first time business owner or someone looking to set their own hours as they move toward retirement. New owners have the opportunity to claw back all of their original investment within a year of taking over the business. The owners had no previous experience in a similar field prior to investing in this business, but it is not a difficult or complex skill to learn. and anyone with an eye for detail will quickly be up to speed, especially given the owners are happy to transfer their knowledge and expertise to the buyer over a transitionary handover period. The business has been located at this premises since its inception and is therefore well-recognised by returning customers. Overheads are low here at just £230 a week including rent and insurance. Single storey lock-up premises with showroom and sales counter, plus workshop to the rear and staff WC. The workshop is fully equipped with a range of traditional and laser engraving equipment.
Stock £3,000.