Retail Shop Selling Lifestyle Fashion Clothing & Footwear | | Undisclosed Lincolnshire | | Retail Shop Selling Lifestyle Fashion Clothing & Footwear Confidentially offered for sale Ref No: AB191 Location: Lincolnshire Leasehold Asking price: £95,000 + SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48553
ADVERT IMPRESSIONS : 29,952 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £95,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This is an excellent opportunity to acquire an established retail outlet selling lifestyle fashion in a prominent leasehold location in Lincolnshire. They carry a vast range of clothing, footwear and accessories from a number of well known and iconic urban lifestyle brands from around the world. The owners opened the shop with a target market age range of 25-40 but have since realised that this type of merchandise actually sells to all ages.
The company runs all of its operations from a centrally located computer system for ease of stock management and accounting. They run a basic EPOS till system and have a small amount of sales from the internet. Margins are healthy with a 2.35 2.5 mark up on all products.
This is a good opportunity for new owners to take over an established lifestyle fashion shop. They have excellent well known prestigious brands allready in place. All of the start up teething problems of a new business have been overcome by the current owners leaving new owners to concentrate on increasing the merchandising, marketing and sales.
Key Strengths:
Immediate income stream from day one after takeover
Stock available to purchase at trade price
Prominent location in busy city centre in Lincolnshire
Well established with good name and reputation
Exclusive agreements with well known prestigious brands
Vast ranges of lifestyle clothing, footwear and accessories
Computerised EPOS till systems in place
Regular repeat customers across all age ranges
Good brand name
Profitable business
Growth and Expansion:
This is an area of the casual clothing and footwear market that has been steadily growing over the years and as brands become more and more important the future for this sector of the market is for further growth.
The prominent location for the shop guarantees daily and continual passing footfall. The business will continue to grow and new owners can take advantage of the sound foundations that the current owners have put in place. They will benefit from day one after the takeover with an immediate income stream.
Employees:
There is one full time employee and one part time employee looking after the running of the shop. Both the two owners take it in turn to spend time at the shop.
Office Hours
Monday Saturday 9.30am 5.30pm
Sundays 11.30am 4.00pm.
Premises:
Prominently located in a city centre, shopping paved precinct with a circa 600 square foot wooden ground floor sales area giving a rustic image. There is a counter and storage area with a changing room and toilet at the rear of the shop. There is a basement area which is used for storage. The shop has excellent display windows at the front and the premises are alarmed and secured with window shutters. Rent is circa £24,000 per annum, with rates of circa £12,000 per annum and a lease running from 2011 until 2021 with a five year break option.
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 business has a turnover of circa £230,000 per annum with net profits of circa £30,000.
Reason for Sale:
The owners have decided that the shop is too far a distance from where they live and spend a great deal of time each day travelling. Regretfully they have decided that they need to find something closer to their home and have decided to sell the shop.
Support and Training
The owners would be happy to help with a smooth transfer of the business in any way possible. | | | | | | FOR SALE | | | | | REFERENCE: | AB191 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
