Leasehold Fashion Store For Sale

Business description

Bag A Business is delighted to offer for sale this thriving high street fashion retailer, which was established by our clients at the beginning of 2005. Only now is the business being placed onto the market to allow our clients to develop other business interests. Caine Ltd achieves an excellent turnover of approximately £105,000 per year, growing 40% per annum and achieving an average gross profit of 50%. This is derived from the sale of popular brands including Full Circle, Duck and Cover, Addict, B Young, Ichi, Vagabond and Frank Q. Income is generated from the well-fitted sales area, as well as from the company's website, which also sells a large range of leather jackets, generating useful winter profits. The business has grown rapidly and we feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by expanding the Internet presence or extending the shop's opening hours to take advantage of the increased Summer trade. Early discussions with Bag A Business are strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
New lease to be negotiated

Living accommodation:

ACCOMMODATION DETAILS Well presented ground floor premises, briefly comprising: GROUND FLOOR . Main sales area with displays of men's clothing to walls, central display area. Labels include Duck & Cover, Addict and Full Circle, Base London and Frank Q . Raised sales area with displays to wall and central display area with labels such as Full Circle, Vagabond, B Young and Ichi . Main stock room with shelving to walls . 2nd Stock room with shelving to walls . WC

Location:

This exclusive ladies' and gents' fashion retailer is situated on the busy High Street within Ilfracombe in Devon. The shop is surrounded by a wealth of complementary shops and businesses, which contain a good mix of independent retailers and is a short walk from one of the town's main car parks. It draws its year round trade from the surrounding areas, as well as from holidaymakers who flock to the area during the summer months. Ilfracombe is a stunning coastal town with white washed houses, grand Victorian villas and terraces, which climb over the Wilder Valley. It receives a large amount of publicity in the national press because the well-known artist Damien Hirst owns a restaurant in the town, which attracts young, fashionable visitors. The town is set between the National Park of Exmoor to the East and the golden coast with some of the best surfing beaches to the West. The area has excellent links via the A361 that connects to the M5 motorway to the east and the A39 to the west.

Other information

Trading hours:

Mon - Sat: 10.00am - 5.00pm