Asking price: £25,000

Sales revenue: £93,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: £35,000

Business description
Situated in a busy South Devon coastal town within a well presented pedestrian area this shop offers a wide range of branded lingerie, swimwear and haberdashery.

Asking Price £25,000 plus stock at valuation. (Up to £35,000)
Net Sales £93,000
GPP 42%

Years established: 7

Employees: 3

Trading hours: Mon-Sat 0930 -1700

Property: Leasehold

Lease terms
Lease expired. Landlord willing to renew.

Location
Set in a pedestrian area on the Little Triangle, Teignmouth surrounded by upmarket cafes, eateries and quality local stores. There are three windows allowing plenty of area for display. To the side is the door and a further window allowing more display.

Expansion potential
Although space is limited in the current premises there is always the option for the shop to be put online or another branch to be opened.

Competition / Market
There are no other stores in the town selling branded lingerie or swimwear. The haberdashery department is renowned for choice and availability of quality/branded products. Bare Necessity has built up a large customer base, with customers travelling a number of miles to buy.

Support & training
Lingerie fitting courses are available from suppliers. Current staff members are experienced in all aspects of lingerie fitting and haberdashery selling.

Reasons for selling
Retirement to pursue a new challenge.