Profitable Ladies Clothing & Accessories Business in West Sussex For Sale
Shoreham by Sea, West Sussex
- Status
FOR SALE
- Advert ID
613872
- Reference
B08127 / Rightbiz
- Call Agent:
- Leasehold: £29,950
- Turnover: £148,000 (£2,846 per week)
- Profit: £17,000 (12% Profit margin)
Business Details
Premier Ladies Clothing & Accessories Business For Sale
BusinessPlease quote reference B08127
CoGoGo are delighted to welcome to the market Elsie & Betts Shoreham and Elsie & Betts Brighton, a well-established and profitable clothing and accessories store, which is situated in the bustling heart of Shoreham.
Specialising in an exquisite range of ladies' fashion, the store caters primarily to women ages 40 and above, offering an extensive selection of stylish and contemporary pieces. With a reputation built over a decade and a solid presence at this prime location for the past eight years, Elsie & Betts has become a beloved fixture in the local community.
The store boasts a curated selection of ladies' fashion and accessories, including:
- Dresses
- Trousers
- Blouses
- Bags
- Jewellery
- Scarves
- Footwear
Potential avenues for expansion include extending the product range to include more exclusive lines or bespoke fashion items, offering personalised shopping experiences or styling sessions, and enhancing the online presence through e-commerce and social media marketing.
Moreover, the store could explore partnerships with local artisans and desingers to offer unique limited-edition pieces that can't be found elsewhere, further distinguishing Elsie & Betts from competitors. Hosting fashion events or pop-up markets could also attract new customers and increase brand loyalty among existing patrons.
In summary, Elsie & Betts is not just a store; it's a destination for fashion-forward women over 40. With its prime location, inviting atmosphere, and wide range of high-quality products, it stands poised for continued success and growth.
Location
Elsie & Betts is located in a prime spot in Shoreham, benefitting from plenty of pedestrian traffic. The stores excellent location and strong customer base present numerous opportunities for growth.
Premises
The premises is designed to provide a pleasant and inviting shopping experience. A large window display at the front of the shop that captures the attention of passersby, showcasing the latest arrivals and seasonal highlights.
Inside, the open-plan service area is enhanced by a beautiful wooden floor and bespoke lighting, creating a warm and welcoming atmosphere.
Additional features of the store include a basement that offers ample storage space, accessible via a back entrance, which is ideal for managing inventory and stocking new items. A small yard with access to the basement provides extra convenience for deliveries and storage.
At the front of the shop, there is also space for display stands, further maximising the store's visibility and appeal to the high footfall in the vibrant area.
Tenure
This opportunity is being sold on a Leasehold basis with 2 years remaining on a 10 year lease.
The current rent is £16,000 per annum.
Hours
The current trading hours are:
Monday to Saturday - 10:00am to 5:00pm
Sunday - 11:00am to 3:00pm
Staff
The business is run and managed by our client with the help of 2 members of staff.
Financial Profile
This business generated a turnover of £148,000 in 2023. Full financials can be made available upon further request.
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Listing Statistics
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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.
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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.'.
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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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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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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.
Be safe, use a Rightbiz Solicitor
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