Asking price: £85,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Turner Butler are delighted to be appointed as sole selling agents for the asset sale of this business, which has never previously been offered for sale in the open market.

The asset inventory being sold here constitutes all the necessary trading elements for an exquisite and upmarket adult lifestyle boutique.

The sale of assets includes transfer of the premium premises lease, stock, equipment, fixtures and fittings, a well designed and maintained internet website.

The premises consist of a high visibility high street location where the current tenant has lavished many thousands of pounds to create an extremely tasteful retail environment which feels welcoming to to all customers. The fixtures and fittings in the shop are of a high quality and have been designed by a professional interior designer to maximise the retail space whilst creating a comfortable ambience. The property has been rewired as part of its renovations, along with a quality security system, digital infra-red surveillance inside and out and electronic shutters on road facing windows. Fire exits and lighting all comply with Health and Safety Regulations also.

This is an superbly profitable opportunity for a new owner. Retail sales have shown 60% margin with comfortable ability to meet and exceed £50,000 profit per annum.

Adult lifestyle boutiques cannot be confused with sex shops. No licences are required, suitable stock items may be used for window displays and the market potential is simply unlimited.

Other facets of the offering are the profitable on-line shop and the stretched Lincoln Towncar limo. The Limo is uniquely vinyl wrapped and can only be described as a show stopper with superb advertising outreach. The vehicle can be rented out for private parties at the shop along with the more usual hirings like hen nights, for example.

Employees: Current employees have all received suitable training in the correct fitment of lingerie items. They are also keen to remain under new ownership, to help drive the continued growth expected under new ownership.

Property: Leasehold

Lease terms
Leasehold Premises with 10 year IRI lease which commenced in 2006 Rent : £11,300 per annum approximately Rates : £4,500 per annum approximately

Location
Leasehold Premises with 10 year IRI lease which commenced in 2006
Rent : £11,300 per annum approximately
Rates : £4,500 per annum approximately

Competition / Market
The eye popping impact of the Limo has been a large determining factor in the market awareness of this business.

Support & training
Support and training during handover will be provided as part of a successful sales package, along with the supply of manuals covering all aspects of the business.

Reasons for selling
Family commitments abroad.