Fantastic High Margin Norwich Clothing Business For Sale

Business description

* High margins
* HUGE customer base
* Easily managed
* Recession proof customers
* Strong reputation
* Excellent location - highest footflow in the City


This recession proof, well run and busy shop specialises in fast turnover clothes for the young girl who buys regularly and often. It is located in one of the busiest foot-flow thoroughfares in the city and is positioned superbly to benefit from low price high profit sales to customers who come back almost every week.
Its pricing is such that gross margins are maintained well above the industry average at 52% - and are increasing as the cost of the base garments continues to fall.
The customer base is huge and very broad, comprising all ages that wish to buy something new and inexpensive for the weekend as well as regular wear.
Revenues and profits continue to increase consistent and the new buyer will benefit from strong, sustainable profits growth

Property information

Location:

The business is located in the middle of the busiest footflow thoroughfares in the City. Consequently the shop is continually busy from the moment it opens to the time it closes.

Premises details:

The business operates from well refurbished premises and benefits from storage facilities on two floors above the shop. One of the floors could be sub-let for simple office space for additional income.

Business Operation

Expansion potential:

Strong potential to increase income from expansion of the customer profile to include older girls.

Competition / Market:

Competition is limited to large retail chains who cannot keep close to the customers requirements on a week by week basis.

Reasons for selling:

Ill health

Trading hours:

Normal retail trading hours

Employees:

One full time and two part time employees

Years established:

The shop has been operating for over 3 years

Other information

Support & training:

The owners will be delighted to offer full support and training.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£27,000