 | Designer Fashion Shop For Sale Coastal Town, Kent, United Kingdom Advert ref: 1548ST FINANCIAL DETAILS | Asking price: £55,000 Sales revenue: £152,483 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | Established 10 years, this shop is known for Designer Clothes, Shoes and Accessories for Women. The ranges appeal to a wide age group with styles from “smart casual” to “special occasion” wear.
Brands include Medici, Peter Martin, Apanage, Olsen, K & S, Ultimate Collection, Dante and Ambermode.
There are many regular customers. In addition to local residents, customers are often day-trippers or tourists staying at local hotels. Customers also come by referrals from manufacturs and by recommendation. Approximately 800 are on the mailing list.
The attractive shop has an eye-catching front and the interior is maintained to high standard with wood floor, suspended ceiling, 3 dressing rooms and good fixtures and fittings.
The retail area is approx 546 sq ft (50.74 sq m), including dressing rooms. A basement provides additional storage of approx 291 sq ft (27 sq m).
Positioning is excellent, with the shop being next to a major high street bank.
Sales in the 12 months to November 2006 were £ 152,483 excluding Vat.
After 10 years successful trading, the business is now available due to retirement.
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GENERAL INFORMATION | Employees: The owner is assisted by 4 part time staff.
Trading hours: Mon–Sat 9am-5pm. Early closing Wednesdays at 2pm
Property: Leasehold
Lease terms
The renewable 15 year lease continues until March 2012 at a rent of £11,000 pa. The landlord may consider granting a new longer lease immediately. The purchaser will be responsible for the landlord’s legal fees in the transfer.
Living accomodation
Large 3 bedroom flat with separate access. Centrally heated.
Kitchen and bathroom recently refitted.
Location
This is a very pleasant area to live. With separate access to the flat, the new owner may wish to live at the flat or sub let it.
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The Business Partnership - South East London | | | |
