Independent Ladies Fashion & Hats Retailer, Hampshire For Sale

Business description

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

Property information

Property:

Leasehold

Lease terms:

Tenure: Leasehold
Original Length 09 years.
Remaining: 08 years.
Review: 2010
Rent: £4,000 per annum.

Living accommodation:

This large double glass fronted unit consist of the following:_ Ground Floor Specialist treated glass to avoid fading of fabric is used for the shop front and the retail unit is approximately 35ft x 40ft. It has a very light airy feel to it and has excellent lighting. There is a large customer service area with much racking both on the retail floor and along the walls. There are also 2 fitting rooms. To the rear is a storeroom with railings and a toilet and kitchen. Further there are flats for sale in within the complexwhich are brand new and presently on the market for approximately £165,000. External Parking to the front and rear of the premises.

Location:

This highly successful ladies fashion and hats concern is situated in Highcliffe, Christchurch. It is sited in a very affluent area with a mature local population. The parades of units are all modern and are very well presented.

This site is ideal for the type of clientele that use the shop as there are excellent parking facilities and it is out of the town centre which means clients can browse at leisure. The main High Street is only 2 minutes away.

The area offers an excellent lifestyle with Southampton, Lymington and the surrounding areas offering superb coast line and the New Forest.

Other information

Support & training:

Our client would be available for a business familiarisation period if required.

Reasons for selling:

Retirement