On LIne Sales & Retail Outlet & Wholesale Clothing
Price:
Leasehold - £500,000
Business Type:
Internet based Businesses, Retail businesses
Advent Business Sales is pleased to have been instructed to offer to the market this niche ladies fashion wear business with multi stream revenue.
The business, which was founded by our client in 2002, is only now being reluctantly offered for sale as he wishes to retire.
They specialise in the supply of 40’s and 50’s vintage inspired rock and roll dresses and accessories.
The business has 3 sales outlets:
1. A traditional shop based in Camden & Covent Garden,
2. An internet site, which has over 27,000 hits per month and has a customer database of approximately 6,500
3. A wholesale cash and carry with a worldwide customer database of 1,250.
They sell a large range of dresses, jackets, skirts, tops, trousers, hoodies, cardigans, bags, house wares, greetings cards and accessories.
It is a recognised brand selling to customers in Europe, Russia, USA & Australia with orders dispatched by courier at customer’s cost.
The product is all manufactured overseas with high mark ups on resale, which average approx 3.1 times costs plus VAT.
The business employs a total of 8 full time and 3 part timers. All except one have been with the company for more than 2 years with some over 5 years.
REF: 9050HP
EXPANSION POTENTIAL
Our client’s sales have increased by over 2.5 times in the last 2 years and the internet continues to surpass expectations
The range could also be expanded and the next step would be to franchise the shops and retail web site to the rest of the world.
With the right investment, this business could become a success story like many of the high street retailers, as it has its own identity and loyal customers
Please complete the attached confidentiality agreement to ensure a prompt response to your enquiry
Disclaimer:
Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.
N/B:
All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
Our client has 3 separate premises; the first is a retail shop in Camden, which is ideally located in a shopping arcade surrounded by other fashion outlets which all contribute in attracting like minded customers to the area. Parking is metered on road. The 2nd retail shop is located in Covent Garden.
The warehouse premises are based in the East London
Camden Shop
1,920sq ft premise
Original lease: Yearly Licence
Rent & Rates: £65,000 P.A.
Covent Garden Shop
1,850sq ft premise
Original lease: 5 years
Remaining lease: 4.5 years
Review every: 5 years
Rent: £50,000 P.A.
We are advised that the annual business rates are currently: £18,200
Cash & Carry
1,800sq ft. premise
Original lease: 5 years
Remaining lease: 4. years
Review every: 5 years
Rent: £48,000 P.A.
We are advised that the annual business rates are currently: £17,500
Mon-Sun: 10.00am – 6.00pm
Warehouse:
Mon-Fri: 10am –5.30pm
The shop, which is approx 440 square ft, is in the centre of a shopping arcade in Camden, which is surrounded by other fashion outlets.
The warehouse along with three other units is in the centre of a predominantly residential area with storage on the ground floor and offices on the first floor.
UK Non-Specific
£ 800,000
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