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Phoenix Business Transfer Agents are delighted to place onto the market this highly successful business opportunity, which has been established for 20 years by our client. She now wishes to sell due to retirement.
The business offers smart casual and formal wear for ladies and specialises in designer hats. It is the only concern of it’s type within a large radius and is very well know for it’s products as well as service.
As well as the owner working full time there is 1 other member of staff who has been employed for over 12 years and presently works 4 day per week (approximately 32 hours); there is also 1 casual member of staff.
Our client attends local fashion shows and in fact attends many local events including the local golf club along with others within the Southampton area. This is an easily run lifestyle concern which has many very loyal clientele and is very much a part of the local community. Some of the items stocked are from Finn Karelia, Emreco, Chianti, Steilmann, Dents and Nass, also the concern caters from size 10 right up to a size 26. This business is ideal for a first time buyer.
Our client would be available for a business familiarisation period if required.
Financial Details
In 2006 the turnover was approximately £70,000 with a gross profit in the region of 50%, In 2007 there was a very similar turnover figure and in 2008 the business has a turnover of approximately £80,000 with a gross profit of approximately 50%. The fluctuations in the figures are due to re-location of the shop. The stock fixtures and fittings which are included in the sale are valued at approximately £5,000
For more information about this business for sale, click the Contact Seller button.
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