SOLD / WITHDRAWN
6345 / Rightbiz
- Includes 2 Very Well Established Websites
- Very Limited Competition In Area
- Annual Turnover £226,500
- Gross Profit £124,575
- Low Rent and Rates
- Owner Ran With Management
- Enviable Following on Social Media
- Stock Included In Asking Price
- Car Park Opposite
- Scope For Expansion
- Handover Period Offered
- EPC - C
REF 6345 – Leasehold Dance & Leisurewear Retailer
Blacks Business Brokers are pleased to bring to the market this leasehold dance & leisurewear retailer located in the much sought-after area of Morecambe, Lancashire.
Dance & Leisurewear has been trading on Marine Road Central since 2010 when our client established the business to meet both local and online demand, however this is primarily an online business. It specialises in a large range of dance wear, gymnastics wear, and ballroom shoes. It also sells bespoke printed products, and leisurewear, such as hoodies, school uniforms and so on. Customers include dance schools, football academies, other businesses requiring uniforms and event organisers for hen do’s and the like. Our client has established a very comprehensive website and an impressive social media following including 33,000 Facebook followers and 6,700 Instagram followers. The business has previously used Amazon and Google Ad words but as the business has become so busy that our client was unable to meet these extra income streams and switched them off – these can easily be reactivated for a larger team of staff to manage.
The business is predominantly online and based in office, but also has a shop which is located on Morecambe sea front, close to all local amenities, and amongst a parade of busy shops. The well established shop is located approximately 3 miles from the M6 motorway, making it easily accessible with good public transport links and a large car park directly opposite.
REASON FOR SALE
The business is only being offered for sale as our client under estimated the demand for the business and it has now become of a size that would suit a team of people rather than a single hands-on owner operator supported by staff.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is five years and began in 2015 at a cost of £144 per week for shop and £50 per week for the office.
BUILDING LAYOUT AND DESIGN
Dance & Leisurewear operates from the ground floor of a mid-terraced property within a parade of shops and other local businesses. The shop is well branded with large signage displayed above a fully glazed frontage and this is fitted with electric metal shutters and alarm system. Inside, the main shop floor is presented nicely, with modern décor, fitted wall and free standing displays. There is a four point colour CCTV system in place. To the rear are two private changing rooms and a back door leading to an outdoor yard area. Further back at the rear of the property, there is a ground floor and first floor office with storage space. The ground floor office also has a built-in kitchen. There is also a toilet located next to the first-floor office. Our client is also prepared to include £45,000 worth of stock if she can achieve the asking price.
The business is currently operating with our client working in the office on a full time basis managing online sales. There is one full time shop manager supported by one part time member of staff running the shop.
Dance & Leisurewear has traded solidly since opening. We are advised that the business currently has annual turnover of £226,500 with gross profit of £124,575. Of this turnover, £80,000 is generated in store and the other £146,500 is from online sales channels. It is to be noted that The business has decreased in turnover over the last year due to google adwords being deactivated – this was due to the demand for work being too high and our client was unable to maintain service levels. The new owner could quite easily reactivate it which would take the business back up to the previous years level of £615,000 turnover.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business offers a superb opportunity for a new business owner – the business has a superb reputation and large customer base with a range of goods available. There is plenty of scope to develop the business further with the reactivation of Amazon selling and Google Ad Words – additional staff will be required to meet this demand. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Fixtures & Fittings:
All fixtures and fittings, shelving and racking, computers, printing equipment and printers, 2 heat presses, vinyl cutters, desks are included in the cost of the sale.
Mon - 9am - 6pmTue - 9am - 6pmWed - Closed Thur - 9am - 6pmFri - 9am - 6pmSat - 9am - 6pmSun - 10am - 4pm
£144 Per Week & £50 Per Week For Office.
Leasehold Price: £139,950
Location: Morecambe, Lancashire
Sector: Clothing Businesses, Internet Businesses
Annual Turnover: £226,500
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