Unique Ladies Clothing Retailer In Kent | | Tenterden Kent | | Ladies clothing retailer, Tenterden, Kent T/O: £160,000 GP: 55% Scope to increase turnover. Excellent website in place with online ordering. Extensive mail order client list. Fully relocatable. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64441
ADVERT IMPRESSIONS : 8,067 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Adults Wear | | SALE: | Agent Sale | LEASEHOLD: | £75,000 | ANNUAL RENT: | £14,400 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
For the past 30 years the Thai Shop has been based in the attractive market town of Tenterden in Kent, from lock-up shop premises with customer parking. The premises benefit from ample storage space and two offices, one of which is sublet at a rent of £190 a month. There are nearly three years remaining on the lease but this can be terminated on three months' notice. The business as a whole could very easily be relocated anywhere in the UK due to the sales and fairs our clients previously attended together with their extensive mail order database. Based on previous experience there would be an immediate pool of customers wherever the business relocates to.
Business History
Preferred Commercial is delighted to offer for sale this unique ladies wear business, which imports and sells its own exclusive range of immaculate ladies clothing, which are ideal for weddings, cruises or any other special occasion. Made from the most beautiful silks, the quality is of the highest standard, while the prices provide unmatched value. The business has been operating from lock-up premises in the delightful Kent market town of Tenterden since 1979 and in our clients' charge since 1993. The business has weathered the last two recessions successfully and is now only being offered for sale due our client's which to retire and move abroad. As well as the shop our clients have developed a successful mail order business with customers throughout the UK and as far away as Australia and the USA, via its website (thethaishop.co.uk) and annual brochure mailed to its substantial database. This means the business is not dependent on remaining in Tenterden and could easily be relocated anywhere in the UK. The core business is silk ladies wear and what makes this business so unique and popular is its ability to make outfits to their customer's special requirements. Not only can customers choose their own colour, and style of embroidery but also have them made to fit any size. In addition they sell a wide range of other attractive items ranging from silk scarves and spectacle case to crocodile skin hand bags and Cashmere coats.
Our clients have been considering retirement for a couple of years and for personal and other business reasons have cut back on some of the Thai Shop's previous activities. In the past they used to attend sales and fairs all over the country, which were extremely popular with their mail order customers. Also last year no brochure was produced and no new ventures undertaken. Despite this the current turnover is around £160,000 a year with a gross profit of 55%. There is now enormous scope for developing the business, building on its proven success, unique product range and wide customer base. Thanks to their wide ranging contacts in Thailand there is also the opportunity to develop a separate wholesaling business. Other possible areas for expansion include offering franchising deals to Bridal businesses, resuming attendance at fairs and sales around the country, introducing new products in particular children's clothes, and target marketing towards women executives. We also feel the business would benefit from a greater on line presence, with perhaps a Facebook page and further development of the website.
Financial Details
T/O: £160,000 approx.
GP: 55%
Opening Hours
Mon - Sat: 9:00am to 5:00pm
Sun: Closed
Accommodation Details
Substantial lock-up retail premises with basement offices in a town centre location. Briefly comprising:
Ground Floor
• Large shop area with shelving and rails, glass display units, 2 x dressing rooms, counter and electronic cash register
Basement
• 2 x offices
• 2 x storerooms
External
• Parking spaces for up to 3 vehicles to rear
Tenure
Leasehold
Original length:21 years
Remaining: 3 years
Review: every 3 years
Rent: 14,400 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2525 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
