Hilton Smythe is delighted to introduce to the market The Address, a charming clothing boutique. Established in 1982 by our client, the store has been established for a long time and has a generous amount of loyal customers.
Our client is now looking to sell the business due to other business commitments. We have been advised the turnover is a healthy £90,000 per annum and has a gross profit of 34% as per 2015 accounts. The store generates the turnover from the sales of ladies clothing. There is however room to increase the turnover by looking into new clothing lines and possibly look at selling mens clothing and/or accessories.
The business has a website which shows the varied brands that the shop sells. Some of the brands include Gina Bacconi, Intown, Naya, Libra, Zeila, Doris Streich, Robell, Gollehaug and many more. They stock a vast range of clothing which are made to a high quality standard. They sell clothing sizes 8-20, so aim their products to a wider market.
We have been advised that the vendor is prepared to sell the premises as an empty freehold investment property, and may consider a lower price. The property has two one bedroom flats above the store, they each generate £395 per month with a combined total of £790.
This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
The Address clothing store is in a great location Congleton, an affluent town in Cheshire. The store occupies a double fronted property, ideally located amongst other stores. In this area is a pharmacy, party suppliers, carpet company, eateries and further clothing stores. The property is a two minute walk from the bustling town centre.
Antrobus Street is just a short drive from the A34 which is a road link that connects this area with other towns, Macclesfield only 8.7 miles away, Stoke on Trent 13.8 miles away and Chester 43.5 miles away. Congleton has fantastic connections which makes it a prominent area, and is a desirable place to live.
The business benefits from a bus stop just outside the store, taking advantage of custom from passing trade. Congleton railway station is approximately a 5 minute drive away.
The double fronted property occupies a superb location close to the corner of a busy main road, approximately 2 minutes’ walk from the town centre.
The property used to be two properties which have now been converted into one. The store is fitted with a Redcare burglar alarm system.
On the ground floor is the retail area which is spacious and well laid out with perimeter shelving all around. To the back of this floor are 3 fitting rooms. There is also a kitchen, office, staff/customer toilet and access to the two flats above.
On the first floor are the flats, briefly comprising:
Each of the flats are fully furnished and are included in the sale price.
All of the fixtures and fittings are included in the sale.
The property has a basement that runs underneath, this is currently used for storage.
There is an alleyway at the side which is used for storing the bins. To the back of the property is a small yard.
We are advised the business is freehold.
The business opens:-
The business is owner run and managed by the owner with the assistance of 1 member of staff.
The business reports a a turnover of £90,000 per annum and has a gross profit of 34% as per 2015 accounts.
Rental income from flats £395 per month equalling £790 per month.
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