Dancewear Retailers In Colchester Essex For Sale

Business description

LOCATION:
This business is situated on a busy Industrial Estate in Colchester and yet is very close to a new shopping complex in The Hythe, which includes major multiple stores such as Tesco and B & Q.

DESCRIPTION:
The business is located in a unit on the industrial estate. However, it is well signposted and is situated behind a very well known Cafe. The unit is very well equipped for the trade and is approached via a road off the main road of the estate. The shop has central hanging units and wall hanging units, various other hanging rails, a changing area curtained off with full length mirror.

Rear Unit with stainless steel sink unit and wall cupboards, desk with telephone connected and storage space for stock.

The business currently concentrates on free style dancewear and has just introduced ballet. However, there is still tremendous scope to introduce both female and male wear for ballroom dancing and the Vendor confirms she has been asked about ballroom clothing.

In addition the Vendor sells jewellery and make-up and in certain circumstances she will make costumes to order.

The business has now been established for three years and is now reaching the time for the next stage, which can only be shown my meeting and talking with our Vendor.

TURNOVER:
The turnover is currently some £600 per week, working on a gross profit margin in excess of 50%. However, with the addition of more lines and the enthusiasm of opening hours, or indeed transferring the business to a busier retail area, we feel the turnover could be dramatically increased.

HOURS:
The business is currently trading between the hours of 10 am until 5 pm Monday to Friday and 9 am until 5 pm Saturday. The business is closed Sunday and Monday.

TENURE:
The premises are currently held on an ‘Easy In – Easy Out’ licence, although we feel sure the Landlord would be prepared to grant a lease if required. The current rental is £4,800 per annum, which includes all services, except for the telephone.

PRICE:
We are instructed by our Vendor to offer this attractive business for sale at a price of £25,000 to include all stock. The stock figure currently stands at some £22,000. Therefore, you are paying £3,000 for the business.

AGENT’S NOTE:
Our Vendor, unfortunately, has unforeseen family commitments and must, therefore, sell this business, and at the quoted price is almost giving it away. An ideal first time venture. Our Vendor will stay with you to safely see you through the first couple of months.

Property information

Property:

Leasehold