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BUSINESS REFERENCE : 8247 / RightBiz FREEHOLD CLOTHING RETAIL IN NORTHERN IRELAND | | | | | | Clothes Retail Londonderry W/T: £13,460 GP: 24% A substantial 3 storey, city centre, fashion retail outlet which has seen year on year healthy profits | | | BUSINESS LOCATION: | Londonderry County Londonderry UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | FREEHOLD: | £995000 | | | | | | | | | | | BUSINESS DETAILS: | Alphabet Clothing is located in a prime position within a busy pedestrian precinct in the heart of the main shopping district of Londonderry. There are excellent parking facilities in the nearby Foyleside shopping centres, which are just a minute's stroll from this store. Located within the historic city walls the area is popular with tourists and shoppers alike, ensuring a high footfall daily, from which to draw its trade. Londonderry is steeped in political history and is the second biggest city in Northern Ireland. It is located an hour and a half north of Belfast via the A6 and M22 motorways and is served by the local Eglinton airport. Londonderry serves as a gateway to Donegal for holiday makers and is growing fast, with significant regeneration projects underway.
Bag A Business is delighted to offer for sale this busy, modern fashion retail outlet set within a substantial, three storey building. The building used to serve as a bank and retains some of the original features such as the vault, and caged doors. Alphabet clothing supplies great names such as Diesel, G Star, Fornarina and Take 2 and caters for men, women and kids. The business draws its trade from the high daily foot fall, regular customers and the internet. Founded in 1996 by its present owner, turnover has increased yearly to its present healthy level of £699,920 with a gross profit of around 30%. Our client is offering this business for sale in order to pursue other interests and may be act as a consultant for a few months to help the new owner with the systems and suppliers. This is a fantastic opportunity to acquire a prime, city centre, profitable, freehold clothes store. Interest is sure to be high and we urge early discussions with Bag A Business to avoid disappointment.
FINANCIAL PROFILE
A/T: £699,920
GP: 30%
OPENING HOURS
Mon - Thur: 9.30am - 5.30pm
Fri: 9.30am - 8.30pm
Sat: 9.30am - 5.30pm
Sun: 1.00pm - 6.00pm
PROPERTY DETAILS
Substantial 3 storey city centre terrace building, which was rewired 2 years ago, briefly comprising:
GROUND FLOOR
Main shop
Double window display, closed off from shop area
Security sensors at doors
Quality custom made racking to walls and rails to centre floor
Air-conditioning unit
Spotlights located in the ceiling
Laminate flooring
CCTV system
Original bank vault serving as a feature store
Large changing room area
FIRST FLOOR
Kitchen/office/photography room (for internet site)
Store
Toilets
Sale shop
Security gate to second floor
SECOND FLOOR
Store 1/office
Store 2
Store 3
Store 4
EXTERNAL
To pedestrian precinct
TENURE
Freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8247 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
