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Well established and highly profitable Ladies Fashion Boutique and online business in Strathavan

Strathaven, South Lanarkshire
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Well established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in StrathavanWell established and highly profitable Ladies Fashion Boutique and online business in Strathavan
  • Status

    FOR SALE

  • Date Submitted:

    03/05/22

  • Advert ID

    294639

  • Reference

    Your Boutique 365 / Rightbiz

  • Call Agent:

    Registered Buyers only »

  • Leasehold: £99,000
  • Rent: £12,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Your Boutique 365

6 Common Green, Strathaven, ML10 6AF

·                  Well established ladies fashion boutique

·                  Includes newly developed website & e-commerce platform

·                  Situated within the heart of the historic and affluent town of Strathaven

·                  Prime corner trading position within the town’s main retail & commercial area

·                  Strong and consistent levels of turnover and profitability

·                  Huge growth potential with the new e-commerce website

·                  Boutique completely staff run

 

LOCATION

The subjects benefit from a prime trading position on the corner of Common Green and Bridge Street, within the desirable and affluent, historic market town of Strathaven, in South Lanarkshire, Scotland.

The town has a population of approximately 8000 people however this is continually growing with lots of new residential development ongoing.  The town enjoys a much larger  catchment area with a number of surrounding villages and towns including East Kilbride (7 miles), Hamilton (7 miles) and Motherwell (10 miles).  The A71 which connects Edinburgh and Kilmarnock also passes through the town, and also links the town to the M74 motorway.

Strathaven is a thriving town and the Common Green is the main retail and commercial hub, in the heart of the town, with a good mix of local and national retailers, as well as offices, coffee shops, pubs and restaurants, ensuring the area is a hive of activity throughout the day and evening.  Short stay car parking is available for free in the middle of Common Green as well as long stay parking nearby.

Other amenities in the town include the award winning Strathaven Park, swimming baths, golf course, bowling clubs and country walks, and the area is highly regarded for its school catchment with a number of primary schools and Strathaven Academy High School.

THE PROPERTY

The subjects comprise part ground floor of this traditional 2-storey sandstone property under a pitched slate tiled roof.

DESCRIPTION

The subjects are entered via a doorway on the corner of Common Green and Bridge Street, with display frontage on either side and attractive prominent signage above.

Internally the premises provide a bright, open plan retail space which have been fitted out to a high standard with attractive laminate wood flooring and stylish lighting including a large chandelier in the centre of the shop.

Stock is displayed on a selection of wall mounted hanging rails and shelving, as well as free standing hanging rails, shelving units and display tables.

There are 2 customer changing rooms, and the service counter with till system is positioned to the rear of the shop.

A small back shop area provides some storage, an office area and staff toilet.

THE BUSINESS

Your Boutique 365 was established by our client in October 2013 and they have been trading from their current premises for approximately 5 years, so the business is well established in this location and enjoys a loyal and regular clientele from locals as well as from further afield.  The business enjoys a strong online and social media presence with high numbers of facebook and Instagram followers.

The business trades as an independent fashion boutique catering for a mixed age group, and pride themselves in providing their customers with affordable, fast-moving fashion, sourcing exciting new brands from the continent on a weekly basis.

Our clients developed their new website www.yourboutique365.co.uk approximately 1 ½ years ago, which provides a fresh and easy to navigate e-commerce platform where customers can order online for next day delivery throughout the UK, or for click and collect.

The shop itself is run by 3 part time staff members with our client responsible for buying stock, merchandising and social media.

Our client is looking to sell the business in order to retire, and it is felt the sale represents a tremendous opportunity for a new owner operator to take on an established and well performing business that offers huge further growth potential, particularly with the online side of the business which is still very much in its infancy.

TRADING HOURS

The shop trades Monday – Saturday, 10am – 5pm and Sunday 12pm-4pm

TRADING INFORMATION

Accounting information for the year ending 31st January 2022 (10-month shop trading only due to covid lockdown) shows a turnover of £247,366 net of vat producing a gross profit of 133,000 (54%) and an adjusted net profit of circa £70,000 (not accounting for any covid grants). It is estimated that if there had been a full 12-month trading period, profits would be in excess of £80,000.

Full accounting information can be provided to interested parties only after formally viewing the business.

RATES

The subjects are entered into the current valuation roll as having a rateable value of £10,300 and are therefore eligible for zero rates.

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Particulars / More Information

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Well established and highly profitable Ladies Fashion Boutique and online business in Strathavan - Your Boutique 365 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.