International Chinaware and Unique Inventory

Description

Retail Shop on the 1st floor of a busy retail building in SW London. The business has been established since 1989 and is a frequent tourist destination for business people from Asia. There are several other ethnic restaurants and shops in the High Street and nearby.

The business once generated £2m revenue annually making in one of the UK largest outlets for Chinaware. In the last year of fully attended trading revenue was £200k. The business has been scaled back over recent years as the founders prepare for retirement and manage other business interests. The premises specialises in Homeware and Gifts. There is a significant international element to this business given its international reputation. An ability to speak Korean, Japanese or Chinese will be of benefit. This is an opportunity to revive a much-loved institution within London's Asian community and introduce contemporary products and e-commerce.

Asking Price - £80K

Revenue - £100,000 per year (Part-Time)

Sellers Profit - £10,000 (Part Time)

Key Features:
- Excellent footfall
- Famous shop
- Very inexpensive rent

Property Details: Leasehold

Rent: £1,520 per month/£18.2k per year

Lease: 20 years available

Inventory: £50k

Location: South West London

Reason for Sale: Retirement

PLEASE NOTE:

Financing may be available for qualified buyers.

For additional details or to arrange to view the business, please contact Transworld Business Advisors UK on +44 (0) 1372 540 989 or via email at jsweeney@tworlduk.com

To arrange for a viewing or for any other enquiries, please get in touch!..

Listing Details

• Listing Number: 62394-397572
• Location: Greater London, England
• Price: 80,000
• Down Payment: 0
• Sellers Discretionary Earnings: 0
• Category: Retail


• Inventory: 50,000
• FF&E: 0
• Employees: 0
• Years Owned: 30
• Reason for Selling: Retirement