Ladies Designer Fashion Retailer In Loughton For Sale

Business description

Established in excess of 36 years and run by the current vendor for nearly 20 years now, this exceptionally well presented women?s designer fashion retailer occupies a prime position on this extremely affluent High Street. Surrounded by major retailers, Banks, Restaurants & Supermarkets. Stockists of various labels including Apanage, Marella, Gardeur, MAC, Gerard Darel, Oui, Taifun, Save the Queen and Sandwich. The property was the subject of refurbishment in 2005. Viewing is highly recommended.

Turnover:
The accounts for the year ended 31st January 2011 show sales of £238,699 which represents 7% increase from 2010.

Rent:
£29,500 per annum.

Rates:
The VOA website shows a Rateable value of £27,500. Using the 2011/2012 multiplier of .433 in the pound, this results in rates payable of £11,907.50.

Stock:
Stock to be purchased separately at valuation. (Approximately £85,000).

Property information

Property:

Leasehold

Location:

Property:
Ground floor retail space of approx 1,000 sq.ft. Fully glazed front elevation. A spacious open plan shop laid with an Italian marble floor. Racking & displays along both flank walls. Rear seated waiting area. 4 changing rooms. Central display. Service counter and an area for jewellery sales. Rear door with access to a stock/staff room, office and separate kitchenette and toilet.

Location:
Loughton is a town and in the Epping Forest district of Essex. It is located between 11 and 13 miles (21 km) north east of Charing Cross, south of the M25, and west of the M11 motorway and has boundaries with Chingford, Waltham Abbey, Theydon Bois, Chigwell and Buckhurst Hill. Loughton includes 3 conservation areas and there are 56 listed buildings in the town, together with a further 50 locally listed. At the time of the 2001 census, Loughton had a population of 30,340. It is the most populous civil parish in the Epping Forest district, and within Essex it is the second most populous civil parish (after Canvey Island) and the second largest in area.

Business Operation

Trading hours:

Monday to Saturday 9.30am - 5.30pm.

Employees:

Staff: The vendor works in the business on a full time basis and employs 4 part time staff on a rota basis.