Upmarket Menswear Shop For Sale

Business description

Upmarket Menswear, Fashion & Accessories –
Prime Corner Location –
Very Affluent Suburb in Coastal Town –
Long-established – Very-well Presented –
Quality Labels Stocked –
Further Potential -

BUSINESS:
The business, which was established by the vendor in 1995, offers a personalised service, selling good quality men’s wear to customers in the 25+ age group, although the average age is in the 35-45 bracket.

Clients are mainly professional people in the area. There is a good client base, which is increased by tourists and second-home owners.

The business sells casual wear, suits, jackets, trousers, shirts and shoes, plus other items and accessories.


LOCATION:
Prime corner location - Dorset coastal town

TENURE:
Leasehold. The premises are held under a 12-year lease which commenced in 2004, subject to 4-yearly reviews at a current rent of £11,000 per annum.

ESTABLISHED:
1995

EMPLOYEES:
The vendor and his wife share the work in the shop (equivalent to one person) and are helped by one part-time assistant when necessary, who is available during holidays, Saturdays and at sale times.

TRADING HOURS:
Monday - Friday 9.30am – 5.30pm
Saturday 9.30am – 6.00pm
Sunday Closed

SALES REVENUE:
The turnover for the year ending 30th April 2007 was £189,206, with a healthy gross profit margin of 41.2%, which provided a very good net profit for the vendors.

OPPORTUNITIES:
There is the potential for Sunday trading and also mail order via the internet.

GUIDE PRICE:
The vendors are seeking 65,000, plus stock at valuation, for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory.

SUPPORT & TRAINING:
If required appropriate training will be provided by the vendors after Exchange of Contracts has taken place.

FINANCE:
Finance can be arranged for the purchase of this business. Contact Adams & Co for further details.

FULL PARTICULARS:
Please contact for full particulars.

Thank you for your interest in this business opportunity.

Property information

Property:

Leasehold

Lease terms:

Leasehold. The premises are held under a 12-year lease which commenced in 2004, subject to 4-yearly reviews at a current rent of £11,000 per annum.

Location:

Prime corner location - Dorset coastal town

Other information

Expansion potential:

There is the potential for Sunday trading and also mail order via the internet.

Trading hours:

Monday - Friday 9.30am – 5.30pm / Saturday 9.30am – 6.00pm / Sunday Closed

Contact the seller