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FB001-£175,000-Tobacco Specialist

Asking Price: GBP 175000
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Business Location: United Kingdom » City of London » City of London 
Category: Manufacturing » Tobacco Products
Description:
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
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 1841
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Reasons for selling:
The current owner wishes to concentrate on other business commitments following the sale of the business.
Market competition and expansion:
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.
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