Very Well Established High Street, Specialist Pen Retailer
venerable Business With Over 60 Years’ Trading for Sale
Leasehold : £ 220,000
Very well established high Street, Specialist Pen Retailer
Venerable business with over 60 years’ trading
Location : Oxford
Asking price: £220,000 +SAVAvailable for sale is this extremely well established specialist pen retail business. The business prides itself as remaining & prospering as a relevant, successful and sought out retailer for a product that despite the challenges created by digital technology & the typed word, meets a demonstrable demand for its range of writing and drawing instruments.
The business is situated in a highly visible and accessible position on one of the key high streets in this busy University City with close proximity to an internationally famous University College and as a result experiences a very high level of visitors and footfall, who frequently become customers. The buisness has a rich history in the City for retailing writing intsruments of .the widest range and from some of the world’s most respected brands.
Acquired by the present owner nearly 18 years ago, the business has proven to be consistently profitable and considered by the vendor to be an excellent prospect. All sales are made through the shop and there remains a great opportunity to extend sales and the business’ reputation online.
||Monday – Saturday: 09:00 – 17:30
Additionally, the vendors close for 2 weeks per year and do not open on Bank Holidays.
||The vendors as a husband and wife team, are responsible for day to day management.
||The premises are leasehold with 5 years remaining on a renewable lease. The square footage is circa 800 sq. ft. and includes a shop floor, stock room and office; with wash-room facilities and car parking at the rear.
The annual rent is circa £26,000 with rates of circa £12,000 per annum.