Profitable Cornwall Casual Fashions Lifestyle Clothing Business For Sale

Business description

Bude - famous surfing resort, long established retail business with strong, year round trade pattern producing annual turnover £370,000, gross profit circa £190,000 and predicted NET PROFIT £80 - £90,000 p.a if run as "hands on" business - currently operated under management.This would be a superb, family business purchase.

The shop itself is perfectly located in the "prime" Belle Vue area of Bude, next door to Boots PLC Year round trade is boosted strongly by the influx of tens of thousands of tourists.The main retail area extends to 3158 sq ft (293m2) plus Stock, Kitchen and office content. The premises are held on a renewable 10 year lease, rent £35,000 p.a

Over the many years of establishement several exclusive suppliers have commited their supply to this business (t/a Fashion Direct) these have included Clarks and Moshula.

Our client is retiring from business hence reason for sale. We are also offering a seasonally run fashion/surfwear business on his behalf and also located in Bude. Again, a prime sited retail shop which is capable of being run by a single operator or perhaps a couple who want to work for 6 months of the year only. Retails sales circa £70,000, gross profit £35,000 and NET PROFIT £25,000 for 6 months opening (prior to wages) which would not be needed if the owner became fully hands on. Contact Dean warmington of selling agents UNDERWOOD WARMINGTON to discuss either of these excellent businesses.

Property information

Property:

Leasehold

Leasehold rent:

£35,000 per annum

Location:

Bude Cornwall - Prime trading position next to Boots plc

Premises details:

Retail space 3158 sq ft (293m2)

Size in square feet:

3,158

Business Operation

Reasons for selling:

owner retiring after 20 plus years in this business.

Employees:

Business is operated under management - scope for hands on style to reduce wage expenses

Years established:

At least 20 years