Ref 7914 – Leasehold Online Book Retailer
Blacks Brokers are pleased to bring to the market this leasehold online book retailer located in Hereford, Herefordshire.
Wyemart Limited was established by our client in 2012. The business offers a wide range of new and used books as well as a small media range. It has become very well known in this sector and has a strong base of regular customers in place as well as benefitting from additional trade generated by online marketing and word of mouth referrals. Our client has ensured the business has an excellent reputation. Wyemart Limited has a comprehensive website in place and active accounts on Amazon and eBay.
Wyemart Limited occupies a prominent trading position within a sought after business park. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. The area is well linked by the A49 and A438 with very strong public transport links and parking is available immediately outside the building.
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business currently operates with two full time and three part time members of staff in employment supporting our client also working on a full time basis.
Wyemart Limited has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending March 2022 show annual turnover of £437,251 and gross profit of £138,452. Full financial information is available upon request.
This well established business occupies an enviable trading position in a popular and sought after area of Hereford. Our client has secured a strong customer base and excellent reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £580,000.
Please quote ref: 7914