Profitable High Street Retailer Of Cosmetics And Perfumes For Sale

Business description

HISTORY

• Established by vendor over 3 years ago
• Excellent trading position has ensured rapid build up of turnover
• Range of prestigious agencies established
• Mix and blend of product range varied to ensure optimal use of available floor space
• Stable staff complement established
• Year on year growth pattern seen

REASON FOR SALE

• Vendor wishes to concentrate on competing business priorities

PRODUCTS

• Extensive range of branded products stocked
• Range includes cosmetics, perfumes, toiletries and beauty related items
• Hair extensions
• Prized agencies with YSL, Prada, Hugo Boss and L’Oreal

SERVICES

• A personal service is offered with expert knowledge from fully trained counter staff

CUSTOMERS

• Corner location within pedestrian area ensures high level of footfall
• Very mixed demographic, mainly female, often with high disposable income
• High repeat rate
• Substantial footfall

SUPPLIERS

• Full range of branded items sourced from manufacturers and trade wholesalers both inside and outside the UK

STRENGTHS

• Location
• Modern decor with light and airy feel
• Extensive product portfolio with lucrative agencies
• Very much a destination store for beauty products and cosmetics
• High margins and solid financials
• No immediate investment required beyond the consideration price





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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

• Prominent corner trading position on main High Street in large affluent conurbation
• Pedestrian thoroughfare and close to large shopping centre
• Ample parking facilities for visiting shoppers within the town
• Extremely high levels of footfall

Premises details:

• A large ground floor retail unit fitted to modern industry standards
• Double fronted window display
• Modern sales/display counters to either side
• Racking and shelving appropriate to trade
• Staff WC
• Alarmed
• CCTV

Business Operation

Expansion potential:

• Potential to introduce pharmacy counter to the rear of the shop
• Advertising and marketing limited at present
• Extension of existing opening hours
• Variation of product mix

Trading hours:

• Monday to Saturday 9am to 7pm
• Sunday10am to 6pm

Employees:

• Full time manager • 2 full time sales assistants • 2 part time sales assistants