Ladies Fashion Retailer Clothes Shoes & Accessories Business For Sale

Business description

This profitable ladies retail business operates from nine retail units situated in prime locations. The company’s stock includes 50% branded merchandise, 25% own brand manufacture with 15% bought in from Paris. The extensive range of International brands feature fabulous fashion to dress ladies form head to toe. Aimed at 25 + age group the well fitted bright stores showcase the extensive range of quality fashionable clothing, shoes and accessories.

Established 13 years ago the business now has an established trading name and has 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 nine independent ladies fashion retail outlets, deliberately chosen for their excellent positions.

The business has excellent supplier relationships dealing with leading International manufacturers and retails fashion for the middle to high end market. New styles arrive every week encouraging its customer base to return to the outlets at regular intervals, safe in the knowledge they’ll always find something new and different. Its full range of fashion, footwear and accessories is complimented by the wide range of accessories.

This business is based on the traditional retail values of good locations, good quality products, competitive prices but above all high levels of customer service. All staff are highly trained and have been carefully recruited for their customer service skills and their ability to offer the high level of friendly personal service expected of an independent retailer.

With a turnover in excess of €6.5 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 the well trained and motivated staff making every effort to satisfy the requirements of the many customers. It is this flexibility and willingness to “go the extra mile” that has fuelled its growth to date. This is further demonstrated by the exceptional levels of regular and repeat business and customer loyalty the business enjoys.

Key Strengths:

The nine successful and profitable retail stores are established and up and running with trained and loyal staff in place. The stores offer head to toe retail ladies wear aimed at the middle to higher end of the market. All stock is fully computerized 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 the convenient locations, backed up by an impressive selection of styles and sizes, gives it its competitive advantage.
The key to the success of any retail operation is location – and this business has chosen its outlets very carefully, based on this maxim. All of its nine outlets are ideally situated for maximum awareness and high levels of footfall.
In a sector that is dominated by major High Street chains offering similar styles and average quality, this is one of the few independents in the market, bucking that trend. Having built excellent supplier relationships this business is in the great position of being able to sell good quality fashion at a middle market price.
This is a very well managed business utilising all the best techniques learned by the owners throughout the many years they have been involved in the retail trade.

Property information

Property:

Leasehold

Location:

Nine outlets all prime shop premises in nine top locations. The premises are bright and large and have and established trading name. The vendor owns the Freehold of some of the premises but will negotiate new leases for the successful purchaser.

Outlet 1:
Circa 3,000 sq. ft.
Staff levels: 2 full time and 9 part time sales people working on average 20 hours.
Turnover circa €1.2Million

Outlet 2:
Circa 7000 sq.ft.
Staff levels: 5 full time and 8 part time staff working various hours.
Turnover circa €1.3 Million

Outlet 3:
Circa 1000 sq.ft.
Staff levels: 2 full time and 2 part time
Turnover circa €650,000

Outlet 4
Circa 1400 sq. ft.
Staff levels: 1 full time and 4 part time
Turnover €850,000

Outlet 5
Circa 1000 sq. ft.
Staff levels: 2 full time and 2 part time
Turnover €775,000

Outlet 6
Circa 1400 sq. ft.
These premises are currently in for planning to extend
Turnover €300,000

Outlet 7
Circa 1300 sq. ft.
Staff levels: 2 full time and 2 part time
Turnover €800,000

Outlet 8
Circa 1500 sq.ft.
Staff levels: 1 full time and 5 part time
Turnover €525,000

Outlet 9
Circa 1100 sq.ft.
This shop is mainly used as a clearance shop
Turnover €300,000

Other information

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 nine outlets appear all at once.

The market outlook is very good market and the sales and profits could certainly be increased by retailing more fashion accessories.

Competition / Market:

This business has built such an excellent reputation that it has no need to advertise on any significant scale. What advertising it does undertake is highly 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 however comes from its prime retail locations and word of mouth recommendation.

Support & training:

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

Reasons for selling:

Genuine sale the owner is ready for retirement.

Trading hours:

Monday – Saturday: 09.30am – 18.00pm Sunday: 13.00pm -18.00pm Stores located in shopping centres stay open late on Thursdays and Fridays till 9pm in line with other retail outlets.