Berkshire Haberdashery & Dress Fabrics For Sale

Business description

Advent Business Sales are pleased to offer to the market this popular and growing haberdashery and fabrics business.

The current vendor founded the business 3 years ago and is only now reluctantly selling the business as she is moving from the area to be nearer her children and their family.

The business has a large selection of quality fabrics, yarns, threads, wools, patterns, prints, buttons, ribbons and other general haberdashery items.

The business has an excellent local reputation with sales growing at over 20% a year over the last 2 years and still increasing.

The majority of customers are within a radius of approx 20 miles of the shop as there is very little competition locally.

The vendor works full time in the business with the assistance of her husband for approx ½ day per week. The business is currently achieving annual sales of circa £60,000 with a gross profit of approx 42%.

The only advertising the business has is the free insertion in Yellow Pages with new customers arriving due to personal recommendation and word of mouth.

We are advised that stock at cost is approximately £34,000.
REF: 9299RG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 5 years
Remaining lease: 2 years
Review every: 5 years
Rent: £11,500 P.A.

We are advised that the annual business rates are currently: £2,200

Location:

The business is ideally located on a small parade location on the edge of an affluent town in Berkshire. The parade has many complimentary businesses who all contribute in attracting good footfall levels to the courtyard including a hairdressers, estate agent, sandwich shop, fireplace shop and architects. The town hall, post office, banks and the bus and train station are all nearby.

Parking around the town is predominately pay and display, although free of charge time limited parking is available by the shop.

Nearby town include Marlborough, Newbury and Basingstoke.

Premises details:

Ground floor lock up premises briefly comprising of:

Ground Floor
• Direct entry into the main sales area from an attractive courtyard setting
• This Grade 2 listed building has an excellent ambience, helped in part by the quality products displayed around the shop
• Extensive side displays, central gondola
• Side counter with till
• Rear kitchen
• w/c
including soft furnishings and embroidery silks and sets and many others
5. The business already has a web site, this could be expanded so sales could be made on line
6. Additional advertising and leaflet drops to advise the many local potential customers of the services they are able to offer

Business Operation

Expansion potential:

The business is clearly growing very rapidly, it does however, still offer huge potential to vastly improve both sales and profits in the future by:
1. Having evening sewing classes, this would also generate extra shop sales
2. The business could become the local stockists for the sale of sewing machines
3. A local seamstress could be employed so alterations/repairs could be offered
4. The current lease has 2 years left to run, they could then move to larger premises so a larger stock selection could be available. Other items

Trading hours:

Mon-Fri: 9.00am – 4.30pm
Sat: 9.00am – 3.30pm

Other information

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