Ladies Fashion, Baby Wear, School Uniform Retailer For Sale

Business description

Established by the current vendors in excess of thirty years, the business retails school uniforms, a large range of ladies fashion garments and a good selection of baby wear. Situated in a very prominent position within a long parade of shops with free parking outside, the business boasts a well established clientele from many local residents but also many from outside the area who travel to purchase their school uniform. The uniforms accounts for approximately thirty per cent of the turnover.

Turnover:
Accounts show a turnover of over £146,000 for the year ending 30/11/2006. We are informed that the business is currently averaging £3,000 per week with a gross profit of 40%.

Potential:
There is potential to take the business forward as the current vendor has not marketed their service recently.

Reason For Sale:
The vendor is retiring.

Stock:
To be purchased separately at valuation: Approximately £30,000.

Rates:
Business rates payable of approximately £8,200 pa.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Freehold

Location:

Property:
Retail area fully racked, five changing rooms, stock room, kitchen and toilet.

Other information

Trading hours:

9.00 am to 5.30 pm Monday to Saturday.