Designer Brand Name Clothing And Accessories Retailer For Men And Women | | Undisclosed Relocatable | | Designer Brand Name Clothing and Accessories Retailer for Men and Women Ref.AB129 Location Northern Ireland Asking Price £125,000 plus stock at valuation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 21851
ADVERT IMPRESSIONS : 212,636 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £125,000+SAV | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This superbly presented business retails brand name men’s and women’s clothing and accessories catering for the upper end of the market. This quality fashion store is located in a large and spacious three storey retail unit, which forms part of a large parade of shops, in an established affluent and commercially thriving area with excellent footfall.
Clothing is offered on a limited availablilty basis, requiring the business to hold a smaller amount of stock. Staff have excellent product knowledge and offer a personal service and late night appointments for the growing loyal customer base. Customers appreciate the higher class range of clothing on offer, which is retailed at competitive prices. Customer loyalty is growing all the time due to service , stock and range etc.
The store runs with low overheads allowing for competitive discounts.
Customer Service:
The business has a policy for customer care and provides quality clothing products and service.
Key Strengths:
The business prides itself on its excellent choice of fashionable products and brands, which combined with the convenient location of the premises and backed up by an impressive selection of styles and sizes gives it its competitive advantage.
Growth and Expansion:
This business is ideally situated for further expansion. Installation of an EPOS system which is linked to till and stock to monitor brand performance could enhance turnover another 20-25 %.
There is potential to develop the ladies range of clothing. The business is already successful with the current collections and there is space on the first floor for new brands to be stocked to enhance the selection.
Employees:
The owner is responsible for the running of the business supported by one full time and one part time sales person.
Advertising and Marketing:
By far the most cost effective marketing for this business comes from its prime location and the strong word of mouth recommendation this business enjoys, testimony to the excellent reputation this business has particularly amongst its regular clientele.
Current advertising is undertaken through the local press. Investment in a company website could be a potential source for further income as could a targeted mail shot to the customer listing of circa 400 customer names and addresses currently held.
Premises:
The store is leasehold. Annual rent is £13,000 with rates of circa £5,850 per annum.
The store is fitted out to a high standard with large glass fronted display windows and excellent signage. Located on a prime corner site the store extends over three floors with large display areas and shelving. The ground floor currently retails the men’s clothing range and the first floor retails the women’s range and also has toilet facilities and a store, while the second floor is currently used for storage.
The premises have an alarm and security grills fitted.
Business Hours:
Monday – Saturday: 9:00am - 5.30pm
The store books after hour appointments for special customers and opens for longer hours in the run up to Christmas.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover is circa £280,000 with Net profit circa £25,000.
Reason for Sale:
The vendor now wishes to enter into new business opportunities.
Support and Training:
Full support and training will be provided to the successful purchaser to ensure the smooth transition of ownership
| | | | | | FOR SALE | | | | | REFERENCE: | AB129 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
