Hilton Smythe welcomes to the market Beauchamp Place. This clothing store was originally established by our client over 28 years ago. The store is very popular in this location and receives a generous amount of repeat loyal trade. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.
The business runs as a town centre clothing store, selling an extensive range of women’s clothing. The store targets customers of 40 plus, this is a popular target market in this town. They sell a range of clothing, jackets, coats, bags, shoes, boots hats, accessories and glasses.
The store generates a healthy turnover of around £139,207 per annum excluding VAT. The figure could be increased with online selling.
The store offers an excellent variety of hats and fascinators for events such as weddings. Hat hire is also available, which has proven to be very popular.
Beauchamp Place is well established in this location but could boost trade further by selling from their website (www.beauchamp-place.co.uk); this should allow for custom from further afield. This is a fantastic opportunity to run a well-established clothing store on a main high street location. Hilton Smythe highly advise early viewing, to take in the full potential of the trade.
Beauchamp Place is located in Honiton, Devon.
The business is situated in a prime, central location on Honiton’s busy High Street. There is free one hour on street parking outside the shop, as well as 4 car parks nearby.
Honiton is close to the picturesque seaside town of Sidmouth and is not far from Lyme Regis and Beer. It’s also easily accessible from Exeter and Taunton.
This busy road is a cut through from the A35, across to the A30, on the other side of Honiton. Junction 28 of the M5 (Cullompton) is just 10 miles away. There are great public transport links in the town, with bus stops within an easy walking distance of the property. The closest train station is also just a short 5 minute walk away from the shop.
The business is situated in a ground floor property, on the main high street in Honiton. This is a centre premise in the middle of a retail parade. There is a large window to the front; this allows for a bright interior. The window space is also used for eye catching window displays. The property is well-signed.
The retail space is long with rails and glass shelving on all of the walls. On entrance is the service counter, this has a full view of the whole shop. There are counter top displays and jewellery displays on the front. In the centre of the shop are two dressing rooms, for customer’s to try on clothing.
To the rear of the retail space is a stock room, with rails and shelving. There is also a kitchen unit with a sink and kettle, there is a separate W/C.
Equipment included in the sale, is as follows-
This is a great sized property that is well-suited to the trade. This premise is secured with bars on the glass door and an alarm system.
We are advised the business is being sold as a Leasehold opportunity.
New lease to be negotiated: 3 years +
We are advised the rent will be £12,000 per annum.
The business opening hours-
Monday - Saturday: 9:30am – 5:00pm
The business is run and managed by our client, who works three days a week, with the help of three part time members of staff, who work one day each.
The business generates a turnover in the region of £139,207 per annum.
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