Gents Suit Hire Business For Sale

Business description

The Business Partnership are pleased to offer this business for sale.

Must Go – All Offers Considered!!!

? Well Established Business with Enviable Reputation
? Immaculately Presented Shop in City Suburbs
? Men’s Wedding, Formal Wear & Lounge Suits
? Good Repeat Business – Extensive Client Database
? Taking circa £90k per Annum Net of VAT
? Good Potential for Expansion
? Leasehold Premises, rent £16kpa, 8 Years Remaining

Property information

Property:

Leasehold

Lease terms:

Leasehold – approximately 8 years remain of a 9 year lease at £16,000 per annum rent payable

Location:

The location of this business is ideal as it is readily accessible without the need for expensive and time consuming visits to the city centre. As the business is adjacent to one of the top suit retail outlets in the area, it benefits from cross referral business. There is only limited direct competition in the area.

Other information

Expansion potential:

Potential for expansion of the business will be of prime interest to a purchaser. The vendor has recently introduced a new innovative web based line targeting formal event organisers whereby they can provide for the formal wear requirements of event participants. This in turn provides the business with the potential for multiple orders and the customer with an opportunity for earning a commission. Other opportunities identified are extended opening hours (the vendor restricts trading hours to suit lifestyle requirements) boys lines (more young people require suits for formal functions, prom nights, etc) and additional marketing such as wedding fayres etc.

Related documents:

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• Sales Particulars

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• NDA Form