Designer Clothing Boutique In Brighton East Sussex | | Brighton East Sussex | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving designer clothing boutique which has been established since August 2010. The business has been in the hands of the current owner since August 2010 and she now wishes t | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70596
ADVERT IMPRESSIONS : 7,886 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Adults Wear | | SALE: | Agent Sale | ASKING PRICE: | £48500 | LEASEHOLD: | £48500 | ANNUAL RENT: | £15000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £80,000 pa with a net profit of £42000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to start a new venture. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving designer clothing boutique which has been established since August 2010. The business has been in the hands of the current owner since August 2010 and she now wishes to sell due to new business venture.
Services
This very good business opportunity provides unisex designer clothing and accessories.
Staffing
The concern employs no staff.
Owners Role
The owners role is managing and working in the business and works full time.
Marketing
The owner markets the business via an In Shop Reward Discount Scheme and has a website.
Competition
As far as competition is concerned there is none in the immediate locality
Market
The client base consists of local community, business persons and tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 40ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is laminated wood flooring with hanging rails and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present turnover is £80,000 per annum with a gross profit of £65,000 and a net profit of £42,000. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £94,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday – 11.00 – 18.00
Saturday – 11.00 – 18.00
Sunday – 11.00 – 17.00
Tenure
The original length of the lease was 6 years with 4.5 years remaining. The rent is £15,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £7,000.
Viewings
The owners are available for viewings at any time by prior arrangement. | | | | | | FOR SALE | | | | | REFERENCE: | 2427 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
