Asking price: £35,000

Sales revenue: £115,029

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: £6,000

Business description
For sale due to retirement,this long established businessis provides an excellent opportunity for a first time business
purchase or could be added to an existing business of a similar nature.The business has trading for 20 years,the last 15 of which have been operating within the Southgate Shopping Centre in East Kilbride.
The business trades within the shopping centre under a licence agreement with the owners of the shopping mall.It benefits from a captive audience from the large volume of shoppers who regularly visit the mall.Any new owner of the business would enter into a new Agreement with the owners.The current Licence which was of 3 years duration expires in January 2010.Our clients will be entering into a fresh Licence Agreement on expiry of the current Licence.
The business trades in an exciting range of dancewear purchased from the country's leading suppliers.
The business is run by a partnership of 2 and the unit is manned by 1 person at any given time.This is an extremely good
business to run and has a very pleasant working environment.

Years established: 20 years

Employees: none

Trading hours: 9.30am---5.30pm--Mondays to Saturdays 11.00 am--5.00pm on Sundays.

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
3 year Licence Agreement at present,although we understand a longer period could be negotiated.

Location
East Kilbride Shopping Centre.

Expansion potential
Our Client has a web site which has great potential for selling on the internet and this is an area which could well be expanded.

Competition / Market
There is no direct competition within the shopping centre.

Reasons for selling
Retirement.

Financing available
Finance may be available in certain circumstances.

Related documents

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