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Well Established Jewellery & Clothing Business

City of London, London
Leasehold Price:
£24,995
Status
FOR SALE
Advert ID
249794
Reference
B05562 / Rightbiz
Business
Hilton Smythe are delighted to present to the market a much-loved Indian led fashion Jewellery and a clothing business with over 6 years trading history in the area. The ‘Turnkey’ opportunity is being priced to sell quickly due to the ill health of our client and comes with the added benefit of having a 2 / 3 bedroomed flat included in the sale (currently being rented out for £1,300 per month).

Our client’s business concentrates in sourcing both Jewellery (costume) and Sarees from India to retail, she has built up excellent relationships with her supplies in India and will happily handover any supplier information to any new buyer.

The shop is arranged in 3 distinct areas allowing for easy expansion to the current range.

There is a good collection of bespoke wood/ glass display cabinets to be also included in the sale, any new buyer may look to add to the number of stock lines to attract and maintain the customer base.

Our client informs us many of her customers use the temple across the road as well as live within the area, allowing any new buyer to see a consistent footfall for this type of retail business.

Due to health reasons, our client opens when his health allows, there are many areas to

develop to significantly improve the current business model. These include -

  • Increase stock lines
  • Extend opening hours
  • Add a new website, Facebook and Instagram page
  • Allow option for online ordering
  • Utilise the unused rooms available to the lower ground floor
The lease of the business will also appeal to a new business type looking for a flexible business unit arranged over 3 floors.

The price being based on the business is for the transfer of lease, assets and further potential these flexible property offers, we therefore recommend early viewing to avoid disappointment. 



Location
Durga’s occupies a highly desirable trading position on St. John’s parade, Matlock Lane in West Ealing, London.

The parade offers a variety of community led shops including an independent cafe, pharmacy, fruiterers and St. John Ambulance Centre. The business also takes full advantage of being directly across from the Shri Kanaga Thurkkai Amman Temple, all which provide a consistent footfall required by this unique retailer.

West Ealing is a popular district neighbouring Hanwell, Ealing, Perivale and Northfields. Well positioned between the A40, M4 and A406.

Nearest Mainline Train Station is West Ealing and nearest underground stations is Northfields.

The business benefits from free parking for most of the day in the adjacent streets.



Premises
Ground floor -

  • Electric roller shutter, CCTV alarm system and new lighting
  • Internal - 2 x tall glass fronted display cabinets, 2 x service level glass/wood display cabinets, 4 x wall mounted glass/wood display cabinets
  • Access to lower ground floor
  • 2nd retail space (4 x steps up), includes 3 x counted glass/ wood cabinets and 3 x wall mounted display cabinets, gold designed display table, mirror.
  • Staff kitchen and toilet, access to shared rear car park, hallway with entrance to the first-floor accommodation
Lower ground floor -

  • Office
  • Changing room
  • 2nd Retail Area/stockroom
  • Unused front stockroom - potential to extend height and increase the retail area
First floor -

  • Living room (3rd bedroom)
  • 2 x double bedrooms
  • Dining room space
  • Separate kitchen
  • Family bathroom


Tenure
We are advised there is 1 year remaining on a 4-year renewable lease term, paying just £20,000. The Landlord is happy to offer a longer term for any new buyer if required.

The business benefits from full small business relief, paying 0 rates in the current year.



Hours
Our client now only opens a few days a week.



Staff
The business is run and managed by our client only.



Financial Profile
In the last full financial year, we are advised the business generated a Turnover of around £70,000 with a gross profit of £35,000. The price of the business is now been placed on the transfer of the lease and the included assets. We are advised there approx. £3-4,000 of stock available as separate negotiation.



Listing Details
Leasehold Price: £24,995
Tenure: Leasehold
Location: City of London, London
Sector: Jewellery Shops, Clothing Businesses
Financials
Annual Turnover: £70,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05562 / Rightbiz
What's nearby
Within 1 milei:
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