Retailer of High Quality Mens Ladies and Childrens For Sale

Business description

This family business was founded over 150 years ago and has had a presence in the local area ever since. It has grown to become a significant enterprise with a reputation for the quality of its products and service, offering premium brands such as Ralph Lauren, Ted Baker, Donna Karan and many more.
The business operates from a prime location in Lincolnshire and has established itself as one of the region’s leading independent luxury brand clothing retailer. Many current customers have been loyal to the business for many years and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, constantly reviewing and updating its product ranges and service offer, ensuring that valued customers receive the very best service and quality of products.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth in recent years. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.

Property information

Location:

The business is located in an easily accessible area in Lincolnshire and operates from a 2 storey, highly visible, High Street corner plot occupying some 7,500 square feet, including storage capacity, adjustments/tailoring counter area and administrative offices. There will be an option on a further 2,000 square feet in 2010, when the lease expires for the current tenant in the adjoining space.
The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon.

Other information

Expansion potential:

The current market for this business’s services is steady and is forecast in the near and longer term for continued growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

After spending many years dedicating himself to the ongoing success of the business, the vendors has reached an age where he wishes to retire and enjoy the fruits of his labour.