Clothes Shops for sale in Holt

View the "LADIES FASHIONS BOUTIQUE - HOLT, NORFOLK" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Freehold Price: £850,000
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Business Description
Nicholsons is one of Norfolk’s largest independent women’s fashion boutiques, and has been established in the same location for over 20 years. Situated in the beautiful Georgian market town of Holt, the business is run from 33 High Street, one of the most iconic and architecturally unusual buildings in the town, and benefits from being in an excellent location on the High Street, just a short distance from several car parks.

Holt is a popular year-round destination for tourists, second home-owners and locals residents, and is often referred to as “the jewel in the crown of North Norfolk”. Of the nearly 200 retail shops and businesses in Holt, most are leasehold, and the fact that the freehold is for sale, makes this an extremely attractive business opportunity.

Nicholsons offers two floors of contemporary women’s fashion and accessories. There is a carefully-chosen selection of beautiful labels, for daywear, occasion and evening, together with an impressive range of co-ordinating accessories (bags, shoes, hats) and jewellery. Nicholsons ensures exclusivity in North Norfolk on the labels that it sells, making it a destination store for those labels that are well-known, such as Oska, Sahara and Masai. The business has a reputation for being somewhere customers know they will always find something different, and with so much to choose from they rarely leave empty-handed.

The business is renowned for its high level customer service, which has resulted in a loyal customer base; three generations of women from the same family, all shopping together is a regular sight. The emphasis is on helping the customer look and feel fabulous, and staff take pride in helping the customer find the perfect item, whether it be a small gift or a whole wedding outfit. There is a Personal Shopping Service, Nicholsons pre-loved clothing buy-back for regular customers, and well-attended end of season sales, all of which add up to a truly satisfying shopping experience.

Nicholsons uses a computerised stock control system, which allows detailed analysis of stock performance.

This is a thriving business with solid foundations, which the vendor has built up over 30 years of trading at this location. He now wishes to sell in order to retire and concentrate on other ventures. The vendor is currently in the role of Managing Director, so a change of owner would have minimal impact on day-to-day trading.

This excellent business enjoys a turnover in the region of £300,000 p.a. and maintains the high G.P. expected from a “top table” operation in ladies fashion and accessories held in such high regard by its customers.

Management accounts for the first 6 months of the current financial year (1st July to 30th June), show and increase in turnover of some 15% on 2014/15. Full accounts are available after meeting with the vendor, which will clearly show a highly profitable concern, operating out of well-maintained retail premises.

There is much potential for growth; currently there are limited on-line sales, and the website is not interactive or transactional. There is a database of over 4000 customers, who respond well to marketing initiatives. The business does not currently utilise social media.

The store is currently closed on Sundays, and there is the opportunity to further increase profitability by trading 7 days a week, particularly through the summer months.

Trading Hours:

Monday to Saturday 10.00am to 5.00pm. Bank Holidays 10.30am to 4.30pm.

Tenure: Freehold

Listed by: Everett Masson and Furby
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