 | Haberdashery Wool Sewing Linens Business For Sale Coastal N Essex, Essex, United Kingdom Advert ref: 2058DC FINANCIAL DETAILS | Asking price: £49,950 Sales revenue: £135,000 Net profit: £52,000 Fixtures value: Undisclosed Stock value: £35,000 |
BUSINESS DESCRIPTION | This business has been trading for nearly 100 years from the same premises and has been in the same family ownership for 48 years. The shop sells a multitude of haberdashery products as well dress fabrics, tapestry, embroidery, and cross stitch. Additionally knitting and household linens also provide an increasing amount of custom with various other products added as fashion dictates. Due to the time the business has been trading it is extremely well known with many regular customers. A feature of the business is its location in a busy yet tranquil area of Essex with both locals and visitors providing year round custom. The business is for sale due to the impending retirement of the current owners.
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GENERAL INFORMATION | Years established: 47 years
Employees: Part-time staff
Trading hours: Monday - Saturday 9.00am til 5.30pm
Property: Leasehold
Lease terms
A new lease will be created by the vendors on terms to be agreed, alternatively the freehold may be acquired
Living accomodation
A good sized 1 bedroom flat above the shop may be purchased separately for £145,000
Location
The shop is located in a prime area of a NE Essex coastal town which is renowned for its excellent surroundings and busy footfall from both visitors and locals
Expansion potential
The business has an excellent on-line website that the vendors believe could be further developed
Support & training
Full support and handover will be provided by the current owners
Reasons for selling
Retirement
Financing available
Finance is available for suitable applicants
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The Business Partnership - Essex and South Suffolk | | | |
