Operating from extremely well fitted and presented parade showroom premises, the business currently primarily conducts a popular retail operation of an extensive selection of designer-led fashion wear for the discerning client and holds valuable dealerships for a number of well known selective brand labels , such as Barbour , Ugg , Ted Baker and Paul Smith to name a few …….. “The business” also stocks an excellent choice of associated handbags and accessories and would naturally furnish any enthusiastic purchaser with ample scope for continued growth, not least with regard to possible expansion to other areas of the highly diverse retail fashions and accessories market.
The business would also benefit by continuing to adopt the vigorous marketing policy of its excellent existing products, particularly with reference to even greater online advertising and sales, in order to improve upon the already very respectable levels of turnover and profitability it has achieved since being established some eleven years ago by the current proprietor.
The website and EPOS is fully integrated and supplied by UK leading EPOS provider Intelligent Retail. The current owner has decided to change the website to an informative site only as of September 2016 to display the new collections and provide useful information and guidance for customers and encourage them to come into store. The website can easily be converted back to transactional if required. The website is capable of generating 10 – 15% of turnover if given the time and expertise required.
The customer database is used regularly for email and text marketing and hosts Name/Address/DOB/Mobile/Email of 4000 + local, national and International customers. (A Data Protection Policy disclosure will need signing before handing this over)
Sunday trading should also be considered, as the current owner has stated it has the potential of increasing the current turnover by at least another 10 % Financial Information Current annual retail takings are in the region of £352,250 with excellent gross and net profit
Lease The premises are being offered with the benefit of a existing lease with an expiry date of October 2018 , if preferred a new lease would also be given to a new owner if criteria is met .
The current rent stands at £22500 per annum Business Rates We are advised that the Business Rates payable currently stand at £11316 pa
Location Details: Central shopping area with good footfall
Leasehold Term: 2018 new lease is available
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