Business for Sale in COWBRIDGE, VALE OF GLAMORGAN - HIGHLY PROFITABLE SKI & SNOWBOARD SPECIALIST/RETAILER, COWBRIDGE, SOUTH WALES - Leasehold: £199,999 (Offers Accepted)

Key Information

Ref
M32925J
Type
Retail Businesses: Ski Shops
Location
Wales: South Glamorgan
Tenure
Leasehold
Status
For Sale
Annual Sales
£530,000 Ex Vat
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EM&F are excited to offer for sale a very unique business/lifestyle opportunity in the ski and snowboard retail sector.

Coyoti Ski & Snowboard is situated within the beautiful, rural & affluent market town of Cowbridge in South Wales, named as the "best place to live in Wales" in the 2017 annual guide by the Sunday Times.

The business was established in 2001 and sells a huge variety of skiing equipment, ski clothing and ski accessories from many of the skiing industries major brands, and also has its own in-house servicing and repair department.

The spacious trading premises is based over two floors and even has its own dedicated parking to front of the store for clients. This business really is considered as the go to destination re snow sports retail for Cardiff, South Wales and the West of England for anything ski or snowboard related!

Its long-established sales figures exceeded well over £650k historically but the business has been under traded for the past two years due to owners life style choice. Neverthless, Its current sales figures still exceed well over half a million pounds per annum, enjoying strong 40%+ gross profits with a six figure plus adjusted net profit!

Our sellers have an established-on line presence although the businesses shop floor sales to online currently operates at approximately 90% to 10% of its annual turnover, and has an advised client database that exceeded 7,000.

This business has plenty of potential for growth as the current owners have amazingly informed us that they do not even trade from Easter until early October (out of personal choice) and feel potential to further develop either or by both expanding the shops opening periods or the development of the online store is patently clear to see!

Run by mainly just one of our sellers and with the employment of seasonal staff only (so potentially no staff to hand over upon sale). The business comes with an attractive, recently signed lease in place which also favours a sensible rent payable for both its location/size.

In addition to the day to day running of the store the owner/s have several opportunities offered throughout the year to attend, such events as the annual British Ski Test which is held in a European ski resort where all UK based retailers are given the opportunity to try the following seasons ski or snowboard equipment.

Several companies also run their own Ski Tests such as the ‘Salomon’, by invitation only this test is held across the globe, some of its previous destinations include Niseko in Japan, Whistler in Canada and Zermatt in Switzerland. Other invitation/opportunities include the Atomic Ski Test, The British Snowboard Test and the Avant Premiere (a European invitational ski test) and many more!

These events along with the Snowsport Industries of Great Britain (SIGB) and the ISPO winter trade show held in Munich, Germany are aimed at helping UK based snow sports retailers purchase products as well as develop their knowledge in readiness for the following winter season.

This business is coming for sale for the first time in its 17-year history at what is indeed a very attractive asking price.

This wonderful business/lifestyle opportunity is a seriously lucrative proposition that must be swiftly considered!

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EPC Rating: B

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