Quality Shoes Handbags And Accessories Retailer | | Undisclosed Berkshire | | BERKSHIRE QUALITY SHOES, HANDBAGS & ACCESSORIES Located in busy parade Est 10 yrs Branded range of products sales split 70/25/5% shoes/handbags/accessories A/T: £129,000 GP: £61,000 NP: £25,000 Excellent scope to expand L/H: £55,000 +SAV REF: 1150SL | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67305
ADVERT IMPRESSIONS : 10,284 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Shoes Shops | | SALE: | Agent Sale | LEASEHOLD: | £55,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business is located in a busy parade of a very affluent town in Berkshire.
HISTORY
• Founded over 10 years ago by the present vendor, during which time the business has built up an enviable reputation for providing quality branded products.
REASON FOR SALE
• The business is only now being offered to the market to enable the vendor to concentrate on his other businesses.
PRODUCTS
• The business concentrates on selling quality branded products which include:
• Shoes by:
o Chie Mihara,
o Riva,
o Camel Active,
o Peter Keiser,
o Pretty Balerina,
o Fitflop,
o Gabor,
o Ugg and more
• Handbags by:
o Radley,
o Tyla,
o Ugg,
o Bulagei and
• Accessories
• Sales are split approximately 70% shoes, 25% handbags, 5% accessories
CUSTOMERS
• The shop has a regular and loyal local customer base which account for approximately 60% of trade
• The remaining 40% is made up of tourists and customers from the surrounding area
TRADING HOURS
• Tues to Fri: 10am to 5pm
• Sat: 9.30am to 5.30pm
STAFF
• The vendor who works approximately 2 days per week
• Two part time staff, one of whom works for 16 hours per week and the other for 5 hours a week each.
FINANCIALS
• Annual Turnover: £129,000
• Gross Profit: £61,000
• Net Profit: £25,000
• Stock holding £50,000
PREMISES
• Attractive well presented Grade 2 listed ground floor lock up premises which briefly comprise:
• Side entry door off an attractive window display with a wide front pavement
• Store with side glass wall shelving and product display
• 2 centre tub chairs on a large rug
• Rear till and desk
• Glass 6 shelf display cabinet
• Large wall mirror
• 2 rear small cupboards
• Large rear fully shelved store room
• Back kitchen and w/c
• The premises benefits from being fully alarmed
• Parking is free of charge on street but time limited.
STRENGTHS
• A very well established business which has been trading for over 10 years
• Excellent high visibility location on the main street of a very affluent town
• Good presentation throughout with a new owner having nothing to do on takeover
• A low overhead business, in particular rent, which is only £7,800 per annum
• Very good customer reputation with a high repeat trade from many satisfied clients
• The business concentrates on quality branded products
• Annual sales of circa £129,000 with a gross profit averaging approximately 47%
SCOPE
• Extend opening hours
• Construct its own business web site
• Add new branded products
• Have sales through the internet
• Apply for small business relief on the rates
• A full time working owner would be able to save on staff salaries.
TENURE
• Leasehold
• Original Lease: 10 years
• Remaining Lease: 2 years
• Review every: 4 years
• Rent: £7,800 per annum
• Rates: £3,480 per annum – The business does not currently qualify for small business relief.
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: | 1150SL / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
