Irish Ladies Fashion Retailer With Four Outlets For Sale

Business description

Ladies Fashion Retailer Clothes, Shoes & Accessories Regional Independent with Four Outlets

This profitable ladies retail business operates from four retail units situated in prime locations. The company’s stock includes branded merchandise and own brand manufacture with 15% bought in from Paris. The extensive range of International brands feature fabulous ladies fashion. Aimed at the 25 + age group the stores showcase the extensive range of quality fashionable clothing, shoes and accessories.

The business has an established trading name and unique concepts to attract shoppers. Building on their considerable experience within the retail sector, the owners of this business have built up this chain of four independent ladies fashion retail outlets, deliberately chosen for their excellent positions.

The business has excellent supplier relationships with International manufacturers, retailing fashion for the middle to high end market, attracting customers back with regular arrivals of new stock. The full range of fashion, footwear and accessories is complimented by the wide range of accessories.

With a turnover in excess of €2.5 Million, generating gross margins of circa 40%, this opportunity represents an excellent opportunity for an investor to become a major regional independent fashion retailer operating successfully in Eire.

Customer Service:

This business is dedicated to providing 100% customer satisfaction, with staff making every effort to fulfil the requirements of customers. This willingness to “go the extra mile” generates repeat business and customer loyalty.

Key Strengths:

This is a very well managed business utilising all the best techniques learned by the owners throughout the years they have been involved in the retail trade. The stores are established and offer head to toe retail ladies wear. All stock is fully computerised and bar coded and there is an electronic point of sale system.

A primary strength of this business is the centralised distribution plus its broad portfolio of popular fashion brands (both own label and bought in). This combined with convenient locations gives it a competitive advantage.

Security:

Tagging system in all stores

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover €2.5 Million per annum
Gross Profit 40%

Property information

Real Estate:

Lease

Location:

Four outlet stores in Southern Ireland

Business Operation

Expansion potential:

This is an outstanding opportunity for someone wishing to add an existing successful chain of stores to their own – it is very seldom that four outlets are available.

Competition / Market:

This business has an excellent reputation and has not found the need to advertise on any significant scale. The advertising that is undertaken is targeted towards the major retail periods – mid and end of season sales for example in the local press. Brochures are placed in store and fashion shows take place twice a year at the change of season. The business has a listing of all customers’ text details for promotions. By far the most cost effective marketing for this business is word of mouth recommendation.

Reasons for selling:

Genuine sale the owner is ready for retirement.

Trading hours:

Monday – Saturday: 09.30am – 18.00pm
Sunday: 13.00pm -18.00pm

Employees:

25

Years established:

2000

Other information

Support & training:

The owner is happy to provide training and support to ensure a smooth transition of ownership.