Men's Fashion Retailer for Sale in Southgate London Underground Station
Southgate, London
- Status
FOR SALE
- Advert ID
637129
- Reference
S1900 / Rightbiz
- Call Agent:
- Leasehold: Price on Application
- Turnover: £130,000 (£2,500 per week)
- Profit: £30,000 (24% Profit margin)
Key Features
- Accounts Available
- Small Business
- Offers Invited
- Established Business
Business Details
A London Underground Station Based Men's Fashion Retailer
A unique opportunity to acquire an exceptionally positioned retail business known as Route 66 Menswear, occupying a well fitted ground floor unit within Southgate Station on the London Underground.
The business commenced trading in the 1979, and since inception there has been the tangible development of an extremely loyal client base that regularly visit the business for its range of clothing, accessories and footwear. The owner operator has established a superb supply chain to include the likes of:
Gabicci
French Connection
Failsworth Hats
Fratelli
Ben Sherman
Trojan
There is no limit to the brands that the business can stock, and there are regular updates innkeeping with seasonal trends and new lines. The business is famed for its personal service and holds outstanding reviews that are a testament to the family owners who are considering a sale to facilitate retirement.
The business has extremely low overheads which is a key selling point. Furthermore there is an option for a buyer to start a new lease with TFL who are the landlord. There are no business rates and current rent is £12,750 per annum.
There is strong potential within Route 66 for elongated openings and the development on an e-commerce platform to utilise the strong branding and customer awareness that has been organically developed over decades of successful trading.
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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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Contact seller
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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