| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 3,515 TIME(S)
BUSINESS REFERENCE : 8535 / RightBiz FREEHOLD MENSWEAR RETAILER IN NORTHERN IRELAND | | | | | | Menswear/Retail Clothes Co Down T/O: 750,000 GP: 40% Fantastic recently refurbished 3 storey freehold menswear shop located in busy shopping parade with excellent exclusive agencies and genuine reasons for sale | | | BUSINESS LOCATION: | Downpatrick County Down UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | FREEHOLD: | £1650000 | | | | | | | | | | | BUSINESS DETAILS: | JJ Donnelly Menswear is situated in the extremely busy Market Street, in Downpatrick, County Down. It is in a prime, highly visible trading position, with a high daily footfall and huge amount of passing traffic. The freehold itself has approx 2000 sq.ft on the ground and first floors, and approximately 1400 sq.ft on the second floor, and has only just recently been refurbished. Downpatrick still retains some 18th century atmosphere. There is a lot of history in the town, with many old ruins to visit and, of course, the burial site of St Patrick, meaning that tourism in the town is thriving. Downpatrick lies just half an hour from Belfast, via the A24 and 20 minutes from the tourist town of Newcastle, home to the Mourne Mountains.
Bag A Business is delighted to offer for sale this fantastic freehold menswear shop. Established in 1977 by our client's family, JJ Donnelly has seen steady growth in business year on year. In recent months, our client took the decision to renovate the building, and since reopening, he has seen a 30% increase in weekly turnover in a very short space of time, with a lot of room for future growth. Presently, weekly turnover is in the region of £14,423, with a gross profit of around 40%. JJ Donnelly currently supplies: fashion wear, suits, shirts, ties, smart and casual shoes and school uniforms. They have exclusive agencies for Downpatrick, namely: Sonetti, Firetrap, Remus and Azur. The school uniforms provide a lot of business, and currently they supply eight local secondary schools and all the local primary schools. The business could be further developed by extending opening hours, exploring online sales and offering new lines. Our client is offering this business to the market in order to retire. Bag A Business feels this is a great opportunity and we welcome all enquiries.
FINANCIAL DETAIL
W/T: £14,423 (approx)
GP: 40% (approx)
Accounts will be made available to any interested parties after viewing.
OPENING HOURS
Mon to Sat: 9:30am - 5:30pm
PROPERTY DETAILS
Three storey, mid-parade, red brick building, with triple fronted window display, briefly comprising:
GROUND FLOOR 2000 SQ FT
Entrance to shop floor
Railings to wall and centre floor
Large timber shirt display
Maple flooring
2 changing rooms
Suspended ceiling
Counter and cash register
Feature spotlights
Rear stairs to store
Stairs to first floor
FIRST FLOOR 2000 SQ FT
Laminate flooring
Railings to wall and centre floor
Timber shirt displays
Suspended ceiling
4 changing rooms
Stairs to store
SECOND FLOOR 2000 SQ FT
Store area
Office
Ladies and gents WC
Tearoom
TENURE
Advised freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8535 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
