Gentlemens Clothing Retailer For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this gentleman's clothing retailer and tailors business. The business was established by our client in
1981 and is only now being offered to the market due to his wish to retire. Our client has built up a considerable customer base over the years and is happy to assist with a handover if required. The business offers a variety of goods and services, with around 70% being alteration work on ladies' and gentlemen's clothes. Half of the shop area is given over to traditional retail, offering a range of suits, jackets, blazers, trousers, shirts, ties and accessories. A bespoke tailoring service is also offered for a small number of discerning clients. The shop is open 6 days a week and is currently run by our client with the assistance of a seamstress, who would be happy to continue if required. There is scope to increase turnover by extending the retail side of the business and by further marketing of the business. The shop enjoys a monopoly position in respect of the alterations work. Early viewing is highly recommended for this well established and profitable business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 5 years
Remaining length: 15 months
Review every: 3 years
Rent: £15,272 per annum

Living accommodation:

Leasehold double shop unit on a prominent corner position, briefly comprising: Ground Floor • Large retail sales area • 2 x changing rooms • Extensive window display area • W/C • Storeroom Workshop area with: • Overlocker • Feller and 3 x flat sewing machines • Vacuum press • Steam iron • Reece buttonhole machine (available by separate negotiation) External • Small alley and yard to the rear

Location:

Michael Waterton The Tailor is located very close to Bedford town centre, situated on the busy thoroughfare of Harpur Street. There is a range of complementary shops and businesses in the vicinity, and the business benefits from a busy pedestrian crossing, situated directly outside the shop, which forces traffic to stop at the lights. There is free on-street parking available in an adjacent street and the shopping centre, which is just a few minutes walk away, offers a Pay and Display facility. Bedford is a busy county town and is very much a shopping destination for the surrounding towns and villages. The town boasts a number of elegant parks and is home to cinemas, a rugby football club and a theatre. Bedford is located some 40 miles north west of London and is reached via the M1 motorway at junction 13. The A428 links the town to Cambridge and to east coast destinations via the A14 European Highway. Luton International Airport is less than 30 miles away and is reached by the M1 motorway.

Other information

Trading hours:

Mon - Sat: 8.30am - 5.30pm