Quality Shoes Handbags & Accessories Retailer

Price:

Leasehold - £55,000

Turnover:

Seller Ref:

1150SL

Location:

Berkshire

Business Type:

Retail businesses

See Other:

Fashion accessory shops for sale in Berkshire
Shoe shops for sale in Berkshire
Retail businesses for sale in Berkshire

Description:

THE BUSINESS:

HISTORY

• Founded over 10 years ago by the present vendor, during which time the business has built up an enviable reputation for providing quality branded products.

REASON FOR SALE

• The business is only now being offered to the market to enable the vendor to concentrate on his other businesses.

PRODUCTS

• The business concentrates on selling quality branded products which include:
• Shoes by:
o Chie Mihara,
o Riva,
o Camel Active,
o Peter Keiser,
o Pretty Balerina,
o Fitflop,
o Gabor,
o Ugg and more
• Handbags by:
o Radley,
o Tyla,
o Ugg,
o Bulagei and
• Accessories
• Sales are split approximately 70% shoes, 25% handbags, 5% accessories

CUSTOMERS

• The shop has a regular and loyal local customer base which account for approximately 60% of trade
• The remaining 40% is made up of tourists and customers from the surrounding area

STRENGTHS

• A very well established business which has been trading for over 10 years
• Excellent high visibility location on the main street of a very affluent town
• Good presentation throughout with a new owner having nothing to do on takeover
• A low overhead business, in particular rent, which is only £7,800 per annum
• Very good customer reputation with a high repeat trade from many satisfied clients
• The business concentrates on quality branded products
• Annual sales of circa £129,000 with a gross profit averaging approximately 47%

SCOPE

• Extend opening hours
• Construct its own business web site
• Add new branded products
• Have sales through the internet
• Apply for small business relief on the rates
• A full time working owner would be able to save on staff salaries.

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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Location Details:

• The business is located in a busy parade of a very affluent town in Berkshire.

Lease Terms:

• Leasehold • Original Lease: 10 years • Remaining Lease: 2 years • Review every: 4 years • Rent: £7,800 per annum • Rates: £3,480 per annum – The business does not currently qualify for small business relief.

Trading Hours:

• Tues to Fri: 10am to 5pm • Sat: 9.30am to 5.30pm

Accommodation:

• Attractive well presented Grade 2 listed ground floor lock up premises which briefly comprise: • Side entry door off an attractive window display with a wide front pavement • Store with side glass wall shelving and product display • 2 centre tub chairs on a large rug • Rear till and desk • Glass 6 shelf display cabinet • Large wall mirror • 2 rear small cupboards • Large rear fully shelved store room • Back kitchen and w/c • The premises benefits from being fully alarmed • Parking is free of charge on street but time limited.