THIS BUSINESS IS NOW UNDER OFFER

Clothing Alterations Business Cheshire Oaks

Ellesmere Port, Cheshire

Status

UNDER OFFER

Date Submitted:

30/06/21

Advert ID

279016

Reference

7477 / Rightbiz
Leasehold: £65,000
Annual Turnover: £271,539
    Popular Shopping Outlet Location

    Profit & Loss Available Year End 30th November 2019

    Annual Turnover £271,539

    Full Financial Info Including 2020 Figures Available After Viewing

    No Rates Payable

    Family Owned Business For Over 30 Years

    High Footfall Area

    Reliable Management & Staff

    Turnkey Proposition

    Sale Includes Purpose Built Unit

    Scope To Introduce Additional Services

    Potential For Collections/Deliveries

Description:
REF 7477 – Leasehold Clothing Alterations Business
Blacks Business Brokers are pleased to bring to the market this leasehold clothing alterations business located in Cheshire Oaks, Ellesmere Port.

INTRODUCTION
Quickstitch was established by our client’s family over thirty years ago. The Cheshire Oaks store was opened in 2015. The business offers a range of alteration services including same day alterations which can be booked online or in store. It also has a number of accounts with various men’s tailoring stores including Paul Smith, Hugo Boss, Chester Barry, Moss Bros, Gant and M&S. These long standing relationships generate a large amount of repeat custom in addition to smaller same day alterations which are completed on an ad hoc basis. Quickstitch has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Quickstitch has a comprehensive website in place and a strong social media presence.

LOCATION
Quickstitch occupies a prominent position within Cheshire Oaks. The area is densely populated commercially with neighbouring businesses including many large multiples. Cheshire Oaks is a popular and busy shopping outlet in an area that is well linked by the M53 with very strong public transport links and parking is available immediately outside.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The unit is owned by Quickstitch and positioned on rented space within Cheshire Oaks. The current agreement is a five years in length. This began in 2019 at a cost of £346 per week. We are advised a new agreement can be negotiated if preferred. There is no service charge or rates on the unit and the centre pays for the electricity.

STAFF
The business operates with six members of reliable and experienced staff in employment. Our client oversees management of the business remotely. Our client has created a close family atmosphere within the workplace with staff being highly valued and trustworthy. Our client created a price list for standard alterations but has empowered these reliable staff to make pricing decisions for large or difficult individual jobs as required. This has proved very successful and has increased profitability on time consuming jobs.

FINANCIAL DETAILS
Quickstitch has traded solidly since opening and our client has established a strong repeat customer base. The profit and loss year end 30th November 2019 show that the business has an annual turnover of £271,539 Full accounts including 2020 figures can be made available after viewing.

SUMMARY
This well known and long established business occupies an enviable trading position in a busy area of Cheshire Oaks. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, possibly a collection and drop off service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
The Cheshire Oaks store was opened in 2015. Quickstitch originally created a purpose-built unit to house three flatbed machines and two domestic overlockers. Within the first 24 months, the business completely outgrew the space and underwent a newshop refit and constructed a new, larger unit. The current unit has two separate changing rooms, four flatbed machines and an industrial overlocker along with two domestic overlockers, a cover sew machine, vacuum press and steam iron and industrial blind hemmer.This unit is separated into two rooms. The first room being the reception area with counter/till and two fitting rooms. This area was designed to keep one member of staff working in this room taking work in, completing fittings and giving work out while completing quick turnaround jobs like trouser shortenings and so on.
The second room to the rear of the unit is the workroom, with the three flatbed machines inside. Customers do not enter this area and this is the main engine of the shop. All areas are well equipped and presented immaculately.



Fixtures & Fittings:
All Fixtures & Fittings Included

Opening Hours:
MON - SAT: 10:00 - 20:00SUN: 10:00 - 18:00


Weekly Rent:
£346 Per Week. Weekly Rent:
£346 Per Week.
Contact Agent
Advert Reference:
7477 / Rightbiz
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THIS BUSINESS IS NOW UNDER OFFER
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