Ladies Wear And Lingerie Retailer In Lincolnshire For Sale

Business description

HISTORY

• Established as a ladies underwear, hosiery and ladies wear retail outlet 24 years ago
• Customer base is highly loyal and repeat throughout the years
• Consistent turnover and healthy margins
• Recognised trading name throughout Lincolnshire

REASON FOR SALE

• Vendor retirement

PRODUCTS

• Wide range of ladies wear for a mature demographic
• Ladies under garments
• Ladies night wear
• Ladies hosiery
• Small range of jewellery

SERVICES

• Full bra measuring and fitting service
CUSTOMERS

• Loyal and repeat female customer base
• Large database of local customers some travelling from within a 50 mile radius

SUPPLIERS

• Mature supply contracts in place with recognised brand names including:
Casamia, Emrecco, Finnkarelia, Bestform, Playtex, Vanity Fair, Sharnos, Triumph, Silhouette, Royce, Naturana, Passionata, Ballet

STRENGTHS

• Very well established within the city and also receiving custom from within a 50 miles radius
• Prominent High Street location
• High footfall circa 1,000 people per hour
• Highly loyal repeat customer base
• Broad range of underwear and ladies day wear
• Well recognised retail frontage
• Quaint & intimate atmosphere
• Can be run on vendor only basis









DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold (council)
• Original: 9 years
• Remaining: 8 years
• Rent Review: 3 years
• Rent: £9,500 pa
• Rates: £350 pa

Location:

• Highly visible location within busy city High Street
• Historical and well recognised shop frontage
• Large car parking areas within vicinity
• Large indoor market directly opposite

Premises details:

• Prominent Victorian shop window frontage
• Inside front clothing display area
• 2 x fitting rooms to rear
• Storage room to rear
• Stairs to first floor
• Store room equivalent to premises footprint

Business Operation

Expansion potential:

• Minimal marketing presently undertaken
• Possibility to expand product range into jewellery and small range of shoes

Trading hours:

• Monday to Friday 9:30am to 4:30pm (Closing at 4:00pm on Wednesdays)
• Saturday 9:30am to 4pm

Employees:

• Vendor / Daughter

Other information

Related documents:

• 
• Sales particulars

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• EPC