Asking price: £95,000

Sales revenue: £450,000

Net profit: £80,000

Fixtures value: £5,000

Stock value: £30,000

Business description
Well established high fashion label boutique located in a major south west city. Located in the trendiest street of this growing city, this boutique is heavily sought by those in the know as having the most desirable international labels at affordable prices. The owner has been in the business for over 20 years but has recently decided to make a lifestyle change and move to the country.

The owner has developed an in-depth knowledge of fashion and what sells and therefore has a sound client base of repeat customers whom she regularly contacts via email and fashion shows. She frequently goes to the fashion shows in Milan and Paris to bring back fabulous clothes to sell to the locals.

The boutique itself is on the ground floor of a Victorian style building with a sale section at the back and a downstairs section which sells men’s clothes. There is also an office, kitchen and toilet facilities.

It is open 6 days a week and has 2 full time staff including the owner with some part time staff on call. The stock is spread across a range of well known designers - English, French and Italian predominantly and caters for a wide cross section of ages from early 20’s to 60’s. It is definitely pitched towards the up market trendy client who is looking for something a bit different.

The boutique is renowned both locally and nationally for its fabulous collection of clothes and fashion accessories. In the last two years the owner has been distracted by persoonal issues and turnover has dropped from some £800,000 down to current levels of approximately £9,000 per week. Stock levels are around £30,000.

The boutique leases the space and has 7 years remaining with an additional 15 years available. Annual rental is £36,000 and rates are approx £1100 per month. Fixtures and fittings are valued at £5,000.

The owner is keen to make a quiick sale and so the business has been priced accordingly

This is a unique opportunity to purchase a business which at its peak was generating profits of over £250k per annum and which could once again, with fresh management, achieve similar levels of sales.

Years established: 20

Employees: 2

Trading hours: Monday-Saturday

Property: Leasehold

Reasons for selling
Retirement

Related documents

		Document