Retail premises for sale in Unique Gift Wholesaler, Huge Potential, Suffolk IP17

This business is a truly unique and interesting concern, with a wealth of unusual and exclusive products and a fantastic repeat sales record. It allows an enviable lifestyle with the owner currently working just part-time. There is undeniable potential for growth in numerous markets, together with potential for travel to interesting places such as Bali and Brazil, Morocco and Mexico.

The business consists of two parts: Wholesale and online retail. It has hundreds of active trade customers balanced between several sectors - music education, visitor attractions, retailers, export and e-traders. Most of these are long-term relationships which have grown and endured over many years. Imports come directly from many colourful countries in South America, Asia and Africa. The business is established as the best world music supplier in the UK.

The company's products will feature heavily in the next Paddington film and the company will be listed in the credits.

International bulk drop shipping is a growing part of the business - there is a good customer in China and there are several large ongoing orders. Exports are also strong in France, Australia and a dozen other countries.

The business sells many products that it has imported itself online at full retail price - allowing for excellent margins.

There is currently minimal marketing spend so there is huge potential for growth. The owner is willing to fully train and mentor the new owner/management for whatever reasonable period is necessary.

The company enjoys UK exclusivity with several European distributors

Tenure

The vendor owns the freehold and is prepared to offer a new lease, terms to be negotiated

Premises

The building consists of offices, WCs and kitchen, with a warehouse of approximately 5,000 sq. Ft. There is a large yard to the side offering easy access. The whole premises is presented in good order and is ideal for the current operation. The business is, however, relocatable should the purchaser require.

There are 17kw of solar panels which provide most of the power needed

Staff & Trading Hours

The owner plus 1 full-time and 3 part-time members of staff. 9 am to 5 pm Monday to Friday

Turnover

The turnover for the year ended March 2023 was just under £900,000 showing continuous year-on-year growth in excess of 10% per annum. The adjusted net profit was over £250,000 and again shows upward-only growth. The vendor confirms there is much scope for growth in all sectors of the business

Business Rates

We are advised that business rates payable for the current year are £600

Summary

This is a truly unique business offering a highly rewarding lifestyle, incorporating travel as well as high profits. Our ref: RX291985

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission