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Ladies Clothing Boutique with E Commerce Facility

Wakefield, West Yorkshire
Leasehold Price:
£89,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
244621
Reference
B05312 / Rightbiz

Details

Business
Hilton Smythe is delighted to welcome to the market Lagenlook Clothing Boutique By My Luna and www.lagenlookboutique.com an extremely busy and well-established ladies clothes, shoes and gifts shop, which is ideally located on Westmorland Street, Wakefield city centre.

Lagenlook Clothing Boutique By My Luna has been established for over 12 years, our client is now looking to retire. The business operates 6 days per week, generating a fantastic turnover in the region of £192,000 per annum.

Due to the location in the heart of the expanding town, this shop highly benefits from the passing shoppers, as well as online sales.

The business currently offers a large range of clothing, shoes, bags, as well as complementary accessories, such as scarfs and jewellery. The property is very well maintained and fitted out to suit the trade.

Our client has built the reputation of this very successful and well-respected shop, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.


We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to promote the business and goods offered. There are also options to increase online sales, perhaps via ebay, amazon and the popular not on the high street platforms.  

This is an excellent opportunity for a new owner, perhaps a partnership, to take the already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.



Location
The business is located in the heart of Wakefield city centre .

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from free parking close by.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

There are several railway stations nearby. Also, there is a main bus link to and from surrounding towns.

The area is also well served by the A-roads within easy driving distance of the business, which links to the A1 and M62 motorway network.

Premises
Lagenlook Clothing Boutique By My Luna is situated in a large, double fronted, commercial property, with great eye-catching signage and is extremely well presented inside and out.  The shop floor is kitted out to suit the trade.

Shop Floor consists of:

  • Clothing rails, glass shelving and display stands.
  • Seating area
  • Large window displays
  • Counter with till and card reader
  • Fitting rooms
  • Storage and office at the rear of the shop
The shop has CCTV, metal window shutters and an alarm system for security.



Tenure
Leasehold  - 5 years remaining on the current lease with an annual rent of £15,000

The business further benefits from being rates exempt.

Hours
Monday – Saturday 09.30 – 16.30

Sunday  -  Closed

Staff
The business is owner managed with 2 staff members.

Financial Profile
The business reports a turnover for the last year of approximately £192,000.

Seller Details
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Listing Details
Leasehold Price: £89,995
Tenure: Leasehold
Sector: Clothing Businesses, E Commerce Businesses
Financials
Annual Turnover: £192,000
Location Statistics
What's nearbyi:
Planet Vapes (approx. 0 mile)
Vintoto Wines & Spirits (approx. 0 mile)
Wakefield Westgate (approx. 0 mile)
Westgate Stn (Stop W9) (approx. 0 mile)
WHSmith (approx. 0 mile)
Subway (approx. 0 mile)
Greggs (approx. 0 mile)
Wakefield Westgate (approx. 0 mile)
Costa Coffee (approx. 0 mile)
Virgin Trains East Coast Wakefield Westgate First Class Lounge (approx. 0 mile)
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