Hilton Smythe welcomes to the market Pink & Blue, which was established in 2009 by our client, who moved to the current premises in 2016.
Our client is now looking forward to spending time with the family.
Pink & Blue is a fantastic concept, which stocks nearly new children’s clothes and toys. Almost everything from maternity wear and nursery equipment to 16 years!!
The concept is that people bring in their old clothes and toys for the shop to sell, the shop gets 60% of the takings and the client gets 40% paid upon sale of the items, this means there is no money paid out for stock.
Our client has also just started selling nearly new adult clothing, another area that could be developed further to increase turnover.
The business has a large buyer base and is located within a highly populated area of Ipswich with many young families.
There is scope for development by considering the following
• Opening longer hours
• Looking at pricing strategy
• Increasing the adult range of clothing
• Create a website for promotional purposes
• Create a social media page for promotional purposes
There are many reasons to buy Pink & Blue including
• Great location with strong local footfall
• A well-known name locally
• A great community spirit
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Pink & Blue is located in Ipswich, the county town of Suffolk, on a main route in and out of town within a parade of many other local shops that bring in a high footfall from the local residential area as well as further afield.
There is distinctive signage outside the shop and there is plenty of free parking directly outside or in the many side turnings close by.
Ipswich is a highly populated town with a population of circa 180,000 as per the 2011 census.
Ipswich is easily accessed by road and rail and is located on the main A14 and A12 roads.Premises
Entrance door to the main shop with wood effect flooring, suspended ceiling with CCTV cameras.
Multiple hanging spaces for clothes on both walls
Large central display stand
Multiple shelving for games and toys
Service counter with storage below, till and card machine.
To the rear of the shop is a door to the rear room.
The rear room has access to the rear, door to the staff toilet, kitchen facilities and multiple shelving and racking for stock.
The computer system with the full breakdown of the client base is also located in this area.Tenure
We are advised the business is being sold as a Leasehold business opportunity.
The lease is for 3 years from July 2016; however, the landlord will be looking to enter into a new lease.
Our client currently pays rent at £650 per month, therefore, £7,800 per annum.
Our client informs us that they do not pay ratesHours
The business opening hours:
Monday: 10am – 2.30pm
Tuesday: 10am – 4pm
Wednesday: 10am – 4pm
Thursday: 10am – 5pm
Friday: 10am – 5pm
Saturday: 10am – 4pm
The lease permits longer opening hours and these should be considered by the new buyer to increase turnoverStaff
The business is run and managed by our client, with the help of a part time member of staff, who currently works Monday only, but has informed our client that they will be leaving when the new owner comes in.
Therefore, this business is ideal for a husband and wife team who could look at expanding the business to increase turnover and profitFinancial Profile
Pink & Blue generated an advised turnover of circa £42,000 in the last year with a net profit of circa £14,000
The assets being sold with the business are worth in the region of £7,500