Quality menswear shop for sale in West Wickham specializing in designer suits for weddings
West Wickham, London
- Status
FOR SALE
- Advert ID
638346
- Leasehold: £30,000
- Rent: £18,500 (£1,542 per month)
- Turnover: £30,000 (£577 per week)
- Profit: On request
Key Features
- Potential for Alternative Use
- Established Business
- Accounts Available
- Prime Location
Business Details
Quality Menswear shop for sale in West Wickham
A unique opportunity has arisen to acquire a small, independent menswear business specialising in quality designer suits for weddings and special occasions, located in bustling West Wickham, Bromley. This well-established venture has been serving its clientele for over three years, providing designer suits and accessories, both for sale and to rent, at affordable prices.
Sales price includes stock of around £10k, rent deposit of £9k and furniture and fittings. The shop was recently renovated to a high standard.
The business enjoys a prime location on the West Wickham high street next door to an established bridal boutique and beauty shop with an elegant storefront that ensures excellent street visibility. Inside, the shop offers a stylish and well-furnished environment, designed to deliver a luxurious shopping experience complemented by a wide array of designer suits and accessories.
A seating area is available for personal consultations with changing rooms for fittings, enhancing the comfort and visual appeal of the store.
The business was opened in September 2022 and has an active social media presence, showing anotable increase in turnover. Thee shop is strategically located next to complementary businesses (the afore mentioned bridal boutique and beauty salon), opposite a pub and a short walk from the local train station and various supermarkets.
The asking price for the business is £40,000 including all stock, furniture and fittings.
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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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