Fashion Clothes Store Women Only Town Center Position For Sale

Business description

This Fashion Store is very well located in the Town Centre and probably the best location in the town. Spread on two floors, two side open, Huge display front ( check the pictures )
Olhao is a very popular town in algarve, recent opening of Five Star Hotel in town raises the chance of more business trade.
Walking distance to Ria Formosa Natural Park,
Very nice life style and business as well

My Shop front is also the gathering point for Tourists, everyone meets here first the go to explore the town later

Me n my husband we got few business in Portugal
It’s difficult to manage now when the season is here we get very busy in the restaurant
Best time to buy as the season is starting
I can assure you that by the end of this season you will recover your investment
The rent is 700
It has two floors, right now 1st floor is only used as wedding and party collection but I have few people interested in taking it on rent for €400
so the effective monthly rent will €300
There is not much of overhead for working owners.
current monthly takings is around €4000-€5000
Profit margins are 60-65%
we have done €10000 in the season peak which is again coming (Aug-Sept-Oct)
then the wedding season kicks in, so another 6 months are very good
There maybe a possibility to pay in a years time ( on promise to buy )
I also have a very good reputation with the banks here,
I may also get you some finance through the bank
I have priced the business for a quick sell.
Any inquiries are welcome
contacting by email is the best option as working through-out the day

Good luck

Property information

Real Estate:

Lease

Lease terms:

long trem available

Leasehold rent:

€700 per annum

Living accommodation:

none

Location:

Olhao Town Centre
High Stree Location

Premises details:

Two Floors,

Planning consent:

Full Permisson and License in plcase

Business Operation

Expansion potential:

Introduction of accessory, Perfumes Gift Articles

Renting 1st floor to Hair dressor or Nail artist

Or conver 1st floor as a Day SPA

Competition / Market:

Few clothes Shops in town but this is best location and the olny showroom with two Floors huge display

Reasons for selling:

no time to concentrate as we bought a new Restaurant and we have other businesses like cafe-bar would like to keep the same line of work

Trading hours:

9 to 7 pm

Employees:

1

Years established:

12 years

Other information

Support & training:

Support and training will be provided as long as needed as we also have a cafe nearby

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

If needed I can get you some finance through the bank no problem

Inventory / Stock value:

€6,000