Specialist Tailoring and Alteration Business

Swindon, Wiltshire

Status

FOR SALE

Date Submitted:

23/10/18

Advert ID

231322

Reference

14540 A / Rightbiz
Leasehold: £39,950
Annual Turnover: £51,789
Business
Please quote reference 14540

Hilton Smythe welcomes to the market The Sewing Shop. Established in 2004 the business now comes to the market due to ill health.

The business is a specialist tailoring and alteration business for both commercial and domestic customers. With services including wedding dress alterations, evening and prom dress alterations, free fitting service, men’s tailoring, and much more.

The shop also sells an array of haberdashery items and threads for sewing and embroidery, supplies such as buttons, fabrics, ribbons, threads and wool.

The business has an excellent reputation and is renowned for the quality of craftsmanship from the experienced staff. Seeing high levels of repeat trade and word of mouth recommendations and receive excellent reviews from customers.

In 2016 the business purchased an e-commerce website to promote the business and sell items on-line. We are advised this is still work in progress with regards to licences. www.thesewingshop.co.uk.

The customer base is mainly 30 miles radius of Swindon, however the business has regular customers that travel from Oxford, Bristol, London and Gloucester. In addition, are also a few international customers. When they visit family/friends, they shop to purchase items that cannot be found in their country.

At the moment, the business does not use social media, currently our client advises that they are unable to cope with the demand for the Tailoring & Alteration services and are constantly turning people away.

There is a massive scope for development. The website has only just been developed. It can be developed further by the addition of an online shop. Social media presence will increase sales massively. Having a dedicated dressmaker – currently turning away ALL dressmaking enquiries because they do not have the time. Employing a dedicated curtain maker and soft furnishings specialist. The business turn away ALL soft furnishing and curtain making work.

Early viewing is highly recommended



Location
Reduced from the original asking price of £89,950. The business has been reduced for a quick sale due to ill health. 

The Sewing Shop is located in Swindon, Wiltshire. Swindon is located between London and Bristol on the M4. The Sewing Shop sits on the main road next to a major shopping centre that attracts over 3 million visitors a year.

The business is situated within a busy row of well-established shops. A lot of the business are 2nd, 3rd and 4th generation businesses.

The business is situated on the commuter road B4289, with a large shop front sign and an A1 board on the ground, the business is highly visible to the heavy passing traffic.

Swindon is an old railway town but is now very high tech because of its geographical location. It is a major meeting place for national and international conferences.

Swindon is located on M4 motorway with direct rail links to the east to London and to the west country. The shop is located on a major bus route.



Premises
Full glass fronted with full glass door circa 57sq

Retail area with colourful displays of wools, cottons, fabrics, clearly divided into sections throughout, fitting room and WC

There is CCTV on the premises, inside and outside. Very little heating is required because the premises and extremely well insulated, however there are heaters installed in the shop.

There are fire and heat alarms installed in the premises. They are serviced annually.



Tenure
We are advised the business is being sold as a Leasehold opportunity.

A new lease is to be negotiated, the review period is 5 years

Rent is £1,150 per month. 

We are advised there are no business rates payable.



Hours
Monday to Friday: 9.00 am to 5.00 pm
Saturday: 9.00 am to 4.30 pm
Sunday: Closed




Staff
The business is run and managed by our client.



Financial Profile
The business reports turnover in the region of £51,800 per annum and sees a consistent net profit at around 60% year after year

Please quote reference 14540



Contact Agent
Advert Reference:
14540 A / Rightbiz
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