 |
INDUSTRY
|
|
|
BUSINESS SUMMARY
|
Prominent City of London Tobacco Specialist
Confidentially offered for sale
Ref No: FB001
Location: City of London
Asking price: £175,000 plus stock at valuation
This business was founded in 1841 with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a significant local reputation for the quality and variety of its products, brands, service and reliability. The business has been in the possession of the current family for 31 years.
The business occupies prominent high street premises with glazed frontage offering high product visibility. The business retails most of the main manufacturers of tobacco including top quality Cuban cigars, many other brands of cigars, cigarettes, pipes and pipe tobacco. A range of accessories are retailed including lighters, cigar humidors and cutters. A mail order service is also available.
The business also caters for gentleman’s accessories including shaving brushes and kits, hip flasks and top class Whisky, supplied directly from distilleries in Scotland.
It is significant that this business has made such success of retailing products across the whole cost spectrum and has built a unique relationship among customers in the immediate locality. This success has been achieved and continues in the face of significant competition from the large multiples. In other words -competitors can't beat them
|
|
|
BUSINESS FINANCIALS
|
|
|
|
|
GENERAL COMPANY INFORMATION |
|
Organization Structure: |
|
|
Headquarters/Main Location: |
Home Based
|
|
Time on lease/mortgage: |
N/A
|
|
Is Business Relocatable? |
No |
|
|
|
MARKET OUTLOOK/COMPETITION
|
| A high proportion of the business's revenue has been due to its excellent reputation for quality and service and extremely strong word of mouth recommendation. This business has an extensive base of satisfied customers, however with investment in marketing including a web presence, a new owner would benefit from exploring different marketing opportunities to increase turnover. |
|
|
|
DETAILS ABOUT THE SALE
|
|
Support & Training
|
Full support and training will be provided to the successful purchaser. |
|
Reason for Selling
|
The current owner wishes to concentrate on other business commitments following the sale of the business. |
|
Is Management Willing to Stay?
|
No
|
|
Are You An Intermediary?
|
No
|
|
|
Web Site Design
|
