Branded Footwear Bags & Costume Jewellery | | Leigh on Sea Essex | | BRANDED FOOTWEAR, BAGS & COSTUME JEWELLERY - LEIGH-ON-SEA. A very well known shop situated in a sought after trading position. Exclusive local rights secured with brands such as Fit Flop, Lelli Kelly, Timberland, Emu, Fiorelli, Skechers, Croc's etc. Takings circa £200,000 pa. whilst virtually run under management with obvious scope for a full time working owner. Renewable lease, rent £17,500 pax. A rare opportunity not to be missed. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 55999
ADVERT IMPRESSIONS : 4,778 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Shoes Shops | | SALE: | Agent Sale | LEASEHOLD: | £34,950 | ANNUAL RENT: | £17500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Town: LEIGH-ON-SEA
County: Essex
The premises occupy a prime position within the main shopping area of this thriving and very affluent south east Essex commuter town.
The Business
A very well known ladies branded footwear, bags and costume jewellery business that trades with exclusive brands such as Fit Flop, Lelli Kelly, Timberland, Emu, Fiorelli, Skechers, Croc's, Ravel, Holster, Damaris and many more. The shop is situated in a sought after trading position known for its quality retail businesses and cafés/bars that are very popular with ladies that do lunch which naturally complement this trade.
The Premises
Retail Shop 22'4 x 29'1 = 651 sq. ft. fascia board with lighting over, large glazed frontage with manual shutters over, twin entrance doors, laminate flooring, wood and glass shelving to walls, centre glass display tables, customer seating, various glass display cabinets, mirrors, built-in counter unit, suspended ceiling, gas central heating (not tested). Partitioned Office Area with burglar alarm system, CCTV system etc. Kitchen Area with stainless steel sink unit. Basement Storage 13'11 x 18'11 = 264 sq. ft. housing wooden racking. Outside Bin Storage Area. Outside W.C. plus wash hand basin.
Trading Hours
Monday to Saturday 9.30 am to 5.30 pm. Sunday closed.
Staff
The business currently trades with limited involvement of the vendor due to her other shop commitments and 2 full time members of staff are employed. Wage Bill: approx. £24,000 per annum. This could be substantially reduced if run by a full time working owner.
Turnover
Accounts are available to confirm annual takings in the region of £200,000, working to gross profit margins in the region of 45%. Further details available to seriously interested applicants following an inspection of the business.
Tenure
Leasehold - The premises are subject to a 5 year lease from the 25th May 2006 at a rental of £17,500 per annum exclusive. We understand the lease is renewable under the Landlords and Tenants Act 1954.
Business Rates
The premises have a rateable value of £14,000 payable at .414p in the £, equating to £5,796 payable for April 2010/11 before any small business rate relief is claimed.
Legal Costs
Each party are to be responsible for their own plus 50% of the landlords legal costs incurred in this transaction.
Summary
The business was established under the current ownership in 2006 and has built up an enviable reputation throughout the area. The shop is now being sold due to our clients other shop out of the area and represents a good opportunity for a working owner to expand the business into other areas.
Inventory
A detailed inventory of fixtures and fittings will be prepared and supplied at the point of sale.
Finance
Finance and business loans are available from leading high street banks with attractive finance options. We can arrange for you to speak to a national firm of Business Finance Brokers or alternatively put you in touch with a major high street bank for a free under no obligation discussion or consultation. | | | | | | FOR SALE | | | | | REFERENCE: | M4163E / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
