British Clothes Retailer In City Of London For Sale

Business description

LOCATION: Situated in a prime tourist area close to Tower Bridge and DLR. There is paid underground parking available nearby.

DESCRIPTION: The modern 670 sq ft retail unit is well located close to Tower Hill. Internally there is a well stocked customer showroom. There is also a changing room and store room. There is also a toilet. Viewing comes highly recommended.

EQUIPMENT: The retail unit is fully fitted for the retail clothing trade, including shelving, digital till, fixtures and fittings. There is also a 4 camera CCTV and burglar alarm.

BUSINESS: The business is well established and has been trading for 26 years. Takings are over £4,000 per week. The line of clothing sold is unique and high end branded resulting in good profit margins. Customers are typically affluent or tourists. The business is mainly staff run by 1 full-time and 1 part-time staff. Website which has a shopping facility is included in the sale.

HOURS: 10.30 am to 6.30 pm Mon-Sun

ACCOMM: There is no residential accommodation.

TENURE: Lease renewed in 2005 for a term of 10 years and the current rent is £24,000 per annum with reviews every 5 years.

RATES: Business rates payable are approx £6,000 p.a.

Property information

Property:

Leasehold

Lease terms:

Lease renewed in 2005 for a term of 10 years and the current rent is £24,000 per annum with reviews every 5 years.

Leasehold rent:

£24,000 per annum

Location:

Situated in a prime tourist area close to Tower Bridge and DLR. There is paid underground parking available nearby.

Business Operation

Expansion potential:

To open more branches using the same concept.

Competition / Market:

Unique products so little direct competition.

Reasons for selling:

Other business interests.

Trading hours:

10.30 am to 6.30 pm Mon-Sun

Employees:

Mainly staff run by 1 full-time and 1 part-time staff

Other information

Support & training:

Full handover support and training included.

Inventory / Stock value:

£30,000

Related documents:

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• Compulsory Registration Form to Return Please