Leasehold Gentlemen's Clothing Retailer For Sale

Business description

Bag a Business Ltd are pleased to offer this
traditional, and very profitable gentlemen's clothing shop to the market. Washington has been in the careful ownership of our client's for the past 5 years, and is being placed on the market due to their wish to retire abroad. The business has been established in Great Dunmow for 14 years. Washington offers its extensive and loyal customer base a broad range of quality, branded menswear and accessories, including suits, shirts, shoes, trousers, jackets, jumpers, coats and leisurewear. In addition, tuxedo hire is undertaken. A made to measure service is offered, and is proving increasingly popular with the professional customers. The level of repeat business generated is extremely high, and has improved recently by the introduction of a VIP loyalty card, which offers a colour and style consultancy, a loyalty bonus, and additional discounts at sale previews. It also allows e-mail targeting of the customer base with monthly special offers. The business also benefits from a website, which could be developed further to generate additional turnover. Two managers assisted by one experienced part-time staff member currently run the shop. The premises have an upmarket feel, enhanced by quality fixtures and fittings and by well displayed branded menswear. The purchase of Washington would offer the buyer the opportunity to acquire a well-established and profitable business, with a very good name locally. It could suit a buyer with a similar business looking to re-locate to the area, or alternatively, for an existing chain of shops
looking to expand their geographical coverage. It would equally be attractive to a new buyer looking to enter the market.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original lease length: 9 years
Remaining lease length: 4 years
Review every: 3 years
Rent: £7,400 per annum

Living accommodation:

Property Details Leasehold ground floor shop premises, with store and office to rear, briefly comprising: Ground Floor • Retail shop area • Appropriate shelving and racking - finished to a high standard • Attractive window display area • Changing room • Storage room to rear, incorporating office, WC and kitchen area External • Fully alarmed • CCTV system

Location:

Washington is located in a traditional and established shopping terrace on Market Place, Great Dunmow, Essex. The business is surrounded by a large variety of retail outlets in the heart of this traditional and busy town. There is ample car parking for shoppers visiting the town, with the nearest car park just a one-minute walk away. Great Dunmow lies on the River Chelmer in north west Essex, between Bishops Stortford and Braintree, approximately 9 miles from the county town of Chelmsford, and 35 miles from London. The town has a population of approximately 9,000, and is popular with commuters due to its location and excellent transport links. Great Dunmow is famous for the Flitch Trials, which take place every 4 years. The town and its hinterland are extremely prosperous, with an affluent population, many of whom commute to London on a daily basis, performing a wide range of roles within a variety of profesional sectors. London is easily accessed by road via the M11 (J8) or the A12 at Chelmsford. In addition, there are good railway links to the capital. London Stansted airport is approximately 5 miles away.

Other information

Trading hours:

Mon - Tues: 9.30am - 5.00pm Wed: Closed Thurs - Sat: 9.30am - 5.00pm Sun: Closed