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Well Respected Bespoke Tailor

Birmingham, West Midlands
Leasehold Price:
£12,995
Status
FOR SALE
Advert ID
252934
Reference
B05173 / Rightbiz
Business
Hilton Smythe welcomes to the market, Abbasi Bespoke Tailors.

Abbasi Bespoke Tailors was founded by the current owner over 25 years ago and the business has been a real labour of love for him and has an enviable reputation with customers from around the globe.

Alas the business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement, he is keen to see his beloved business pass to an ambitious and entrepreneurial new owner who can take it to the next level.

Abbasi Bespoke Tailors offers a comprehensive range of alterations and repairs including;

  • Button replacement
  • Lining replacement
  • Invisible mending
  • Hook & eye replacement
  • Appliqué patches
  • Beading and embellishments
  • Pocket removal
  • Zip replacement
  • Size reduction
  • Size enlargement
  • Restyles
Additionally, the business offers bespoke, perfectly fitting and beautifully made tailored suits using the client’s own cloth / material. The business has customers from around the world who visit to use this service and has an impressive number of regular customers.

Scope to Improve

Advertising and marketing campaign

Website ideally with an e-commerce facility

Maximise the use of social media

Extend the opening hours

Introduce a customer loyalty card/ Scheme

Employ more staff, currently the business is turning away work.

Reasons to Buy

  • A well established business with an enviable reputation and many existing customers
  • Prime trading position on the unusually busy and vibrant shopping area of Alum Rock
  • A real opportunity to increase turnover significantly, current owner has been running at a pace to suit.
  • Low running costs with inexpensive rent and no business rates
  • Current owner happy to offer a handover to ensure the continued success
  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Little or no competition locally.
Hilton Smythe highly advise early viewing to avoid disappointment.



Location
Abbasi Bespoke Tailors is located in the Alum Rock area of Birmingham.

Alum Rock (known locally as “The Rock” ) is an inner-City suburb of Birmingham and is located roughly 2 miles east of Birmingham City Centre. The area is officially a division of Saltley.

Alum Rock includes the connecting streets of the 3km Alum Rock Road beginning at Saltley Gate and ending at Railway Bridge. Once through the main shopping area, Alum Rock Road continues towards Stechford, passing through Pelham, before joining Washwood Heath Road at the Fox & Goose, the eastern part of the main road is in Ward End.

Abbasi Bespoke Tailors is ideally situated in a main road position and sits alongside other complimentary retail businesses, most of which are interesting independents, and thus benefits from high levels of footfall and passing trade. This part of Birmingham is unusually busy and vibrant and retail premises are highly sought after.

The business is offers visible signage and distinctive livery. There is free on street parking opposite the premises and further free on street parking in the roads surrounding the business.



Premises
Abbasi Bespoke Tailors occupies the ground floor of an inner terraced, period style retail unit and briefly comprises;

Shop

Window and glazed door to front creating a light airy and inviting interior, suspended ceiling with fluorescent lighting and further spot lighting to window area, wood effect flooring,  leather effect sofa providing a useful customer waiting area, bespoke counter with shelving beneath, long work room with over locking machines and industrial sewing machines, perimeter rails and shelving, ample floor storage space, freestanding full length mirror.

Kitchen/ Staffroom

To the rear of the workroom is a generously proportioned kitchen cum staff room with a range of beech effect base and wall units with complimentary worktop, 1 ½ bowl stainless steel sink wit Monobloc tap, window to side and perimeter shelving.

WC

Staff rest room with close coupled toilet and hand wash basin.



Tenure
We are advised that Abbasi Bespoke Tailors is being sold as a leasehold business opportunity. The existing lease has approximately 2 years remaining but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The rent is £8,100 per annum (including buildings insurance) which is really reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.



Hours
Monday to Friday 10.00am -6.00pm

Weekends Closed



Staff
The business is run and managed by our client with the help of a part time member of staff.



Financial Profile
Abbasi Bespoke Tailors generates an advised current turnover of approximately £41,000 per annum.

It needs to be appreciated, however that the current owner is currently running the business at a pace to suit and actually turns away a considerable amount of work. This business really does offer a nice opportunity for an ambitious and entrepreneurial new owner.



Listing Details
Leasehold Price: £12,995
Tenure: Leasehold
Location: Birmingham, West Midlands
Sector: Tailors, Clothing Businesses
Financials
Annual Turnover: £41,600
Contact Agent
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Advert Reference: B05173 / Rightbiz

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