Fantastic Recession Proof Clothing Business In Norwich 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 slap bang in the middle of the busiest and most dynamic footflow thoroghfares 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 which are tastefully window dressed regularly.

It benefits from 1st Floor office space which could be rented out for additional income.

Business Operation

Expansion potential:

Huge potential to expand by broadening the product lines on offer.

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:

Retirement / Illness

Trading hours:

Normal shop hours

Employees:

FT: 2, PT: 1

Years established:

over 6 years

Other information

Support & training:

The owners will be delighted to offer all support and training for the new owner.

Financing available:

YOU CAN BUY THIS LOVELY BUSINESS

SUNBELT NORFOLK HAS STRATEGIC TIES WITH TWO BANKS WHO ARE INTERESTED IN LENDING TO POTENTIAL BUYERS OF THIS BUSINESS

Furniture / Fixtures value:

£30,000 (included in the asking price)

Inventory / Stock value:

£40,000