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Great Equestrian Business for sale in Southampton

Southampton, Hampshire

Equestrian Businesses for sale - 2516

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Asking Price Open to offers
Turnover £530,000

Business overview

The Saddlery business started in 1987 from humble beginnings with a store in the old mill, Botley, Hampshire. Now trading from 6500sqft retail shop.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

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Business description

Company details
Hampshire Saddlery
Bottings Ind Estate
Station Hill
Botley
Southampton
Hampshire
SO30 2GE

01489 783616

hampshiresaddlery@hotmail.co.uk
www.hampshiresaddlery.com

Current Owner
Angela Simmons Managing Director

Accountants
Diverso accountants
23 Pirelli Way
Eastleigh
Hampshire
SO50 5GE

Company Background
The Saddlery business started in 1987 from humble beginnings with a store in the old mill, Botley, Hampshire trading via small retail premises and numerous trips in the trusty old wagon to every horse show that could be found in Dorset, Hampshire, Sussex and Surrey. The operation has now moved on considerably and following relocation in 2012 Hampshire Saddlery now operates from a 6,500 sq foot shop/showroom and is one of the largest independent operators in Hampshire.

The store offers 13,000+ product lines for the Equestrian. A full range of products is available encompassing show jumping, dressage, sports horse, equestrian and country clothing, accessories, footwear, body and head protection and stable/yard equipment.

The company prides itself on delivering high quality products, competitively priced and offers added value to the sales proposition with well trained knowledgeable staff experienced in the equestrian world. The company has an in-store manager and operates 7 days a week including all national holidays.

Two years ago the trading status changed from sole trader status to Ltd company and new management was employed to move the company forward. The 3 year business model is well underway, initial modernisation of the business consisted of increased security in-house, new retail sales EPOS systems, electronic stock control and ordering systems. The focus is now shifting to increase turnover, in addition to optimisation of the retail store a comprehensive e-commerce approach to sales is under implementation. On-line purchasing via the new website coupled with Ebay, Facebook and Amazon shops will provide a 21st century approach to building strong electronic sales and a substantial increase in annual turnover.

The current owner has decided that following a 29 year history of building the business, establishing excellent relationships with both suppliers and customers and of late employing a strong manager and sales team she now wishes to relinquish control of the business and focus on other interests. Purchasers of this trading business will inherit an organised retail operation with well trained staff and the prospects of substantial increases in business over the coming years.

Staff
The attached organisational chart (Appendix 1) shows details of the company hierarchy, roles and responsibilities for staff members. Staff are employed with payments made directly to bank accounts. Staff have formal employment contracts and are provided with a comprehensive employee manual, the company also has fully established relationships with employment lawyers.

Recruitment
Current recruitment requirements are minimal as the company is operated with a small effective team. Future expansion will see the need for an increase of 1-2 staff to facilitate increased work loads for marketing and e-commerce sales responsibilities.

Staff Management
Staff members have regular 1-2-1 meetings with the store manager at which performance is reviewed and plans are established for employee personal development.

Financials/Assets
Financial accounts and information on currently held assets are available to potential buyers upon request.

Equity
The current owner of the business holds 100% of the issued share capital and upon successful completion of the sale of the business will transfer all holdings to the new owners.

Marketing activities
In line with the 3 year business model the business will now move forward with plans for expansion in all areas relating to e-commerce. Interviews are currently taking place for a full-time e-commerce manager with responsibilities to expand internet sales and implement the e-marketing rollout plans. This appointment is a necessary requirement to allow the company to expand into several e-commerce sales areas i.e. Facebook shop, twitter communications, Amazon on-line sales, E-bay stores and website shop sales.

Selling activities
The retail store operation is constantly under review and staff are actively encouraged to take part in the changes and improvements. Staff sales skills are addressed throughout the trading year with in-store sales training and development days, staff motivation incentives for increased sales are offered and a healthy competitive situation is maintained throughout.

IT
The company will be sold with a full retail EPOS system in place (established 2015), new back office computer systems, printers and a newly installed Panasonic NS700 Telephone System (June 2016)

Legal Issues
There are no outstanding legal issues regarding the trading business and interested parties will acquire full control of all assets.

Further details and contact
For further details and enquires please contact: Mark Kelly

Mondays: Hampshire Saddlery 01489-783616
Tuesday - Friday: RedBoxed Promotions Ltd, 7a High Street, Botley, Hampshire SO30 2EA.
07739-588955 // 01234-953954

Business location

The business is located in Botley, Hampshire

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