AWARD WINNING MILLINERS – CAMBRIDGESHIRE

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Status
FOR SALE
Advert ID
194902
Reference
4559 / RightBiz

Details

AWARD WINNING MILLINERS – CAMBRIDGESHIRE
Recently refurbished - walk in condition
Advised annual turnover of £99,000
Situated in the village of Fordham
Monopoly trade within area
Regular and repeat trade
Genuine retirement sale
Ideal trading location
Advance Bookings
LEASEHOLD

Business History
Meridian Business Sales are delighted to offer to the market this exceptional milliners business which was established by our client in 1994. Our client is reluctantly offering the business to the market due to their desire to take well deserved retirement.

Since the business was established our client has continually developed the business, introduced new lines and income streams which have enhanced the business massively. They have undertaken a programme of refurbishment meaning the business is in full walk in condition. Our client informs us that the annual turnover currently runs at £99,000 which is derived from the sale and hire of ladies hats, jewellery and handbags. The business boasts 900 top designer hats, many of which are totally exclusive to the business. The business has been featured in Harpers and Queen, on their recommended ‘A’ List of Milliners, on TV regional programs, in the national press and Hello magazine.

The business enjoys a strong reputation within the local community and with horse racing enthusiasts attending Newmarket racecourse and as such has a high level of regular and repeat trade together with word of mouth recommendations and has advanced bookings for hiring.

The business is owner operated with two full time and two part time staff and is currently run at a pace that suits their lifestyle, meaning there is massive scope for a new hands on operator to further develop the business by increasing trading hours and incorporating new accessory lines which may increase income. There is scope to increase trading hours and introduce on line shop to run along side the current professional website which may increase income. The business is easy to run, with low overheads and would be ideal for a first time buyer and our client is happy to provide full training during the transition period. This is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is strongly advised, as businesses of this calibre rarely stay on the market for long.


Location
This rare milliners business is based in the desirable rural village of Fordham which is in Cambridgeshire. The business is located on a major through road and benefits from off road parking, communal parking and local transport nearby. The business is surrounded by many residential properties and due to the superb location it enjoys a large daily passing trade and high footfall and customers are further attracted by the very impressive window display and unique product range. Fordham is a village in rural Cambridgeshire, England and is part of the East Cambridgeshire district. It is four miles north of Newmarket which is approximately 65 miles north of London and is famous of its connection with race horses and thoroughbred horse racing at Newmarket Racecourse which is beneficial to the business. Fordham is accessed via the A142 connecting to the A1 (M) and beyond.


Tenure
We are advised leasehold
Remaining: 6 years
Rent: £800.00pcm

Opening Hours
Monday: 10:00am – 4:00pm
Tuesday: 10:00am – 4:00pm
Wednesday: 10:00am – 4:00pm
Thursday: 10:00am – 4:00pm
Friday: 10:00am – 4:00pm
Saturday: 10:00am – 4:00pm


Accommodation
The character property has ornate timbered arched glass windows with a secured entrance to an open plan retail area with display stands and cabinets.

EXTERNAL
Off road parking
Communal parking
Roadside parking



Listing Details
Leasehold Price: £150,000
Tenure: Leasehold
Sector: Clothing Businesses
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