Hilton Smythe welcomes to the market Top Child International, an established business that has been in situ since 2006. Our client is now looking to move abroad.
Top Child is a menswear shop that caters for all, whether small, tall, large or in between. There is a huge range of jeans, jackets and tops along with shoes and accessories.
The business has a strong local customer base plus many other customers who travel to the area for shopping. There is also a wholesale element to the business having two large wholesale clients, one being in Whitechapel, London and the other in Africa.
The business has seen exponential growth over recent years, however, the only form of advertising is word of mouth, therefore, there is definite room for further expansion by simply creating a website and social media advertising.
There are many reasons to buy Top Child including:
• Main road location
• Extremely high footfall area
• Established business
• Year on year growth
• Staff parking
• Local authority lease
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Top Child International is located on a prime corner position on a major junction in Ilford, Essex. Being located on Ilford Hill, the main route in to and out of Ilford to the A406 North Circular Road, along with many other businesses, means there is an extremely high footfall day in and day out.
There are two staff parking spaces to the rear and numerous car parks close by. Ilford is on major bus routes with bus stops very close by.
Ilford is a thriving town which is undergoing a huge regeneration project, bringing more people both residents and workers to the area.
Ilford has always been a major hub for shopping, bringing in custom from nearby locations along with people from further afield. Ilford has a population of circa 385,000 residents as of 2017.Premises
The shop is located on a major junction opposite a pedestrian crossing with a canopy over the pavement directly in front.
There is a roller shutter to the front and an all glass frontage with central door which leads into the shop.
The shop has a central display for jeans etc and floor to ceiling display hangers to all walls. The window has mannequin displays.
To the rear of the shop is the service counter with computer system and till.
Past the till is the office with desk and computer system, some storage and a door to the rear to the parking spaces.
There is a basement that is accessed directly from the shop and runs for the majority of the length of the shop. This is full of stock on shelving and also houses the CCTV system.Tenure
We are advised the business is being sold as a Leasehold business opportunity, the freeholder being London Borough of Redbridge.
The annual rent is £26,250 paid quarterly
The lease has 4 years remaining as of 2018
Rates are currently £11,200 per annumHours
The business opening hours:
Monday - Saturday: 9.00 am – 6.00 pm
The lease permits the shop to be open until 11.00 pm weekdays and Sunday'sStaff
The business is run and managed by our client, with the help of 2 full time members of staff.Financial Profile
Top Child International generated an advised turnover of circa £421,000 as of the 2017 accounts, with a gross profit of £237,005 and a net profit of £142,876.
The assets being sold with the business are worth in the region of £20,000
The stock levels are usually circa £80,000