Reduced Expanding & Profitable Upmarket Ladies Fashion | | Undisclosed Worcestershire | | WORCESTERSHIRE EXPANDING & PROFITABLE UPMARKET LADIES FASHION High visible corner plot on main rd in affluent area Wide range of clothing & accs & well known Brands A/T: £75,000 GP: 60% Scope to extend opening hours & reduce staff costs L/H: £20,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49474
ADVERT IMPRESSIONS : 17,445 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £20,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business has a high visibility corner plot location on a very busy main arterial road in an affluent area of Worcestershire. The area is predominantly residential although there are 2 public houses nearby, as well as a hairdressers and beauty salon, and a village post office & store.
The business has its own parking spaces for 3 cars and there is ample free of charge on street parking all around the shop as well as 2 public car parks which are also free of charge.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this popular and profitable upmarket ladies fashion business.
Founded by our client, the business is only now being reluctantly offered for sale as he is planning to move away from the area.
The business has an excellent local reputation for selling quality fashion wear which includes:
• Dresses
• Trousers
• Skirts
• Blouses
• Jackets
• Jeans
• Suits
• Shirts
• Jumpers and cardigans
• Handbags
• Jewellery
• Scarves, hats and pashminas
• Alternations can be carried out by an employee who is a seamstress
Well known brands include:
• Satsuma
• Adini
• Pomdoro
• Northland
• Tarsiani
• Sentido
• Icay
• Culture
All the items are competitively priced but still retain an excellent gross margin.
The ground floor lock-up premises have been very tastefully decorated and are equipped to a very high standard with top quality fixtures and fittings throughout. The business benefits from little local competition and so has a high level of repeat custom.
The vendor works full time in the shop with the assistance of one full timer.
Sales are currently circa £1,750 per week on average, with a gross margin of approximately 60%. This is being achieved with only minimal advertising with most new customers arriving from word of mouth referrals from existing satisfied clients.
We are advised that stock at cost is approximately £15,000 and that forward orders have already been placed for approximately 75% of the spring delivery requirement.
TRADING HOURS
Mon: closed
Tues – Fri: 10am – 6pm
Sat: 10am – 5.30pm
EXPANSION POTENTIAL
Our client already runs a profitable business, it does however, offer excellent scope to improve both turnover and profits in the short term by:
1. Opening on Mondays
2. A new owner would be able to claim small business relief on the rates bill, which our client is unable to do
3. A new owner would be able to reduce staff wage costs
4. The shop should have its own web site so customers can view what is for sale
BUSINESS PREMISES
High visibility corner plot on a busy main arterial road of an affluent area.
This extremely well presented ground floor lock up briefly comprises:
Ground Floor
• Front entry door into the first part of the shop with side counter, with rear handbag and jewellery display
• 2 changing cubicles
• Slat wall hanging space
• 5 gondola displays
• Padded 2 seater waiting bench
• Attractive dial aspect window displays
First Floor
• Second display area
• 3 gondola displays
• Table display
• Storage cupboard
• w/c
• side kitchen with office off
The shop benefits from being alarmed and with a 4 camera CCTV system.
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 7 years
Review every: 5 years
Rent: £8,976
We are advised that the annual business rates are currently: £2,620
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9652DY / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
