High Quality Menswear Retailer For Sale

Business description

Summary:
Established in excess of thirty years ago by the current vendor the business offers a good selection of high quality top end of the market menswear. Within the product range offered are a large selection of shirts, ties, casual wear, suits and accessories. The business specialises in high quality imported European products, ready made suits, jackets, trousers, shirts, casual wear, also made to measure is available. Top quality service is offered and the business benefits from a large, regular, loyal customer base with customers from as far as fifty miles away.

Turnover:
Accounts show a turnover of £160,000 with a health gross profit of 65%. We are informed that the turnover has now increased to the equivalent of £180,000 pa which, when taking the extremely low overheads into account, shows how profitable this business is.

Stock:
Stock to be purchased at cost: approximately £50,000.

Rates:
Business rates payable of £1,382 pa. Small business relief applied.

Property information

Property:

Leasehold

Lease terms:

We are informed that there are five years remaining on this renewable lease with a current rent of £6,850 pa.

Location:

Sales area fully equipped for display, two changing rooms, office, kitchen and toilet. Approximately 650 sq ft.

Other information

Reasons for selling:

Retirement.

Trading hours:

10.00am to 5.00 pm Monday to Friday, 10.00 am to 5.30 pm Saturday.

Contact the seller