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Distinguished Ladies Designer Wear Boutique for Sale in London City Fringe

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Distinguished Ladies Designer Wear Boutique – City Fringe, LondonDistinguished Ladies Designer Wear Boutique – City Fringe, LondonDistinguished Ladies Designer Wear Boutique – City Fringe, London
  • Status

    FOR SALE

  • Date Submitted:

    19/07/18

  • Advert ID

    225047

  • Reference

    08671-529256 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £75,000
  • Turnover: £265,500 (£5,106 Per week)
  • Net Profit: £24,283 (10% Profit margin)

Business Details

Distinguished Ladies Designer Wear Boutique – City Fringe, London

Imagine yourself as the owner of this prestigious business:
• T/O c. £ 300k
• Seasonal collections of Clothing and Accessories
• Successfully run for 15 years
• Stock sold at cost – current value c. £ 50k
• Loyal/ valuable customer base
• Large premises - ground floor and basement
• Located in a prestigious area - City of London borders (E1, zone 1)
• 4 years remain on the lease
• Use class E

FOR SALE – Offers in the region of £ 75,000 (plus stock at cost)

This is an outstandingly well-run business, in a prominent location close to the regenerated and very upmarket Spitalfields Market.

The owners want to re-direct their energies elsewhere after having successfully run the business for 15 years, building this highly regarded gem with a very strong brand which is appreciated by its loyal customers.

Revenues exceeded £300k per annum with high GP margins for the sector. The business has also a strong online presence where, thanks to recent improvements to the website, online sales have been growing exponentially.

The business, which has recently been relocated to a newly refurbished unit about 50 meters away from the previous site, has 4 years left to run on the lease. The premises include a ground floor, a large basement (used mainly for storage) and a small garden at the back.

The shop offers a wide choice of European niche fashion and accessories brands accurately selected and purchased by the owner and renewed seasonally. Stock typically covers 2-3 months of trading and will be sold separately at cost.

Contact Mark Devonshire at TBA - London City Group Limited
[email protected]/ Mobile 07972 634 187

Read more

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Distinguished Ladies Designer Wear Boutique – City Fringe, London - 08671-529256 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.