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Coastal Clothing and Footwear Retail Business for Sale in Dorset

Undisclosed, Dorset

CONFIDENTIAL

  • Leasehold: £97,000 (Stock at valuation)
  • Turnover: £160,000 (£3,077 per week)
  • Profit: £25,000 (16% Profit margin)

Business Details

Established Coastal Clothing, Footwear & Accessories Retail Business

An excellent opportunity to acquire an established and well-regarded independent clothing, footwear and accessories retail business, occupying a prime trading position in a popular and affluent coastal town in Dorset.

Established in its current form in 2018, the business opened following a complete refurbishment, creating a bright, modern and beautifully presented retail space in one of the town's busiest and most visible trading positions. It offers a carefully selected range of men's and ladies' clothing, footwear and accessories from a number of recognised, well-regarded brands.

The business enjoys a loyal following and strong repeat custom, supported by its excellent location, quality product range and the enduring popularity of the town as a year-round coastal destination. It is well known locally for friendly, helpful service and an excellent customer-service reputation.

Offered for sale as a genuine going concern and turnkey opportunity, the business benefits from an established customer base, experienced part-time staff and modern, fully fitted premises, allowing a new owner to continue trading seamlessly from completion.

Key features

  • Established independent clothing, footwear and accessories business
  • Trading in its current form since 2018, following a full refurbishment
  • Men's and ladies' clothing, footwear and accessories offering
  • Bright, modern and attractively presented retail space
  • Prime, high-footfall trading position in a sought-after coastal town
  • Strong local and seasonal tourist customer base
  • Loyal following and strong repeat custom
  • Carefully selected range of recognised, well-regarded brands
  • Recognised locally for excellent customer service
  • Experienced part-time staffing support
  • Genuine turnkey opportunity
  • Clear scope to grow online and social media sales
  • A complementary sister business is also potentially available by separate negotiation

Financial overview

  • Gross turnover: circa £160,000
  • Adjusted net profit: circa £25,000
  • Tenure: leasehold
  • Lease: 15-year lease with approximately 7 years remaining
  • Stock: approximately £32,000, available in addition at valuation
  • Asking price: offers in the region of £97,000 plus stock at valuation

The business would suit an owner-operator, lifestyle purchaser, existing independent retailer, relocation buyer or husband-and-wife team seeking an established coastal retail business with genuine scope for growth.

Growth potential

There is clear scope to develop the business further through expanded online and e-commerce sales, increased social media engagement, improved search engine optimisation, email marketing, seasonal ranges, partnerships with local accommodation providers, and wider tourism-led marketing. The business has historically focused on traditional in-store retail, leaving an incoming owner well placed to build additional online revenue.

Reason for sale

The business is offered for sale due to the owners' planned retirement.

Next steps

All enquiries are strictly confidential. To receive the full Information Memorandum and arrange a viewing, please contact Goodwins Business Brokers to register your interest and put a Non-Disclosure Agreement in place. Interested parties are asked not to approach the business or its staff directly.

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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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