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SOLD OR WITHDRAWN FROM THE MARKET
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Dance & Leisurewear Retailer in Morecambe, Lancs

Morecambe, Lancashire
Leasehold Price:
£139,950
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
222308
Reference
6345 / Rightbiz

Details

    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

Description:
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.

INTRODUCTION
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.

LOCATION
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.

LEASE
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.

STAFF
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.

FINANCIAL DETAILS
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.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
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.

Opening Hours:
Mon - 9am - 6pmTue - 9am - 6pmWed - Closed Thur - 9am - 6pmFri - 9am - 6pmSat - 9am - 6pmSun - 10am - 4pm


Weekly Rent:
£144 Per Week & £50 Per Week For Office.
Seller Details
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Listing Details
Leasehold Price: £139,950
Tenure: Leasehold
Sector: Clothing Businesses, Internet Businesses
Financials
Annual Turnover: £226,500
Location Statistics
What's nearbyi:
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Dance & Leisurewear (approx. 0 mile)
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