Hilton Smythe welcomes to the market, SPE Fashions Ltd.
SPE Fashions Ltd was founded by the current owner over 10 years ago and has been a real labour of love for him. The business is now being sold albeit reluctantly and with a heavy heart only due to his wish to take a well-earned retirement and spend more time with his family.
SPE Fashions Ltd is a well presented and well stocked retail store selling a wide range of men’s, women’s and children’s clothing including:-
• Trousers and Jeans
• Shirts and T-shirts
• Socks and Underwear
• Hi-Vis Workwear
• Underwear and Hosiery
• Coats and Jackets
• Night wear
• Hi-Vis Nightwear
The business has many regular customers and enjoys good visibility on the internet.
Scope To Improve
1. Advertising and marketing campaign
2. Maximise the use of social media
3. Website ideally with e-commerce facility
4. Extend the opening hours
5. Introduce a younger range of clothing
6. Explore the viability of stocking a range of footwear
Reasons To Buy
1. A well-established business with an enviable reputation and many existing customers
2. A real opportunity to increase turnover significantly as the current owner is running at a pace to suit but the business has enjoyed a higher turnover previously
3. Perfect trading position directly opposite a busy Tesco superstore
4. Low running costs with inexpensive rent and no business rates
5. Loads of free parking close by
6. Little or no competition locally
7. Current owner happy to offer a handover to ensure the continued success
8. Ideal owner managed or partnership business.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
SPE Fashions Ltd is located in Madeley, Telford in the county of Shropshire.
Madeley is a town and civil parish in in Shropshire now part of the new town of Telford. The parish had a population of 17,935 at the 2001 census.
Madeley is recorded in the Domesday Book having been founded before the 8th century. Madeley is situated in the southern part of the new town of Telford, to the north of Ironbridge and the River Severn. Coal port a part of the parish of Madeley can be found to the west of the town and the modern town centre is north of the settlement.
The B4373 runs through the town and the A4169 runs along its northern edge. The nearest motorway is the M54 which connects Telford to the West Midlands conurbation and the rest of the motorway network. Bus services are provided by Arriva, and a community bus service is provided.
SPE Fashions Ltd is ideally situated in an unusually busy and vibrant shopping parade which is part of the Tesco Supermarket in Madeley and thus benefits from high levels of footfall and passing trade as well as having many regular customers. The business is very nicely presented with clear visible signage and distinctive livery. There is free customer parking in the large Tesco car park which is literally a couple of minutes’ walk away.Premises
SPE Fashions Ltd occupies a modern, two storey, inner terraced retail unit and briefly comprises:
Glazed double doors and large windows to front creating a light airy and inviting interior. Nicely fitted shop that has been cleverly designed to maximise the space available, bespoke beech effect counter with till and generous wrapping area, carpeted flooring, suspended ceiling with concealed lighting, freestanding chrome hanging rails, perimeter hanging rails, perimeter shelving, wall hanging space for bagged items and changing cubicle with curtain.
With larder fridge and good run of perimeter shelving. There is a fire door that leads out into a secure yard with allocated parking.
There is a generously proportioned stock room with windows to front, perimeter shelving and hanging rails, spare fixtures and fittings, staff seating and a low table.
With a range of light Oak effect base units with complimentary black worktop, stainless steel sink and drainer with Monobloc tap, built under fan oven, fridge freezer, microwave and stainless-steel bin.Tenure
We are advised that SPE Fashions Ltd is being sold as a Leasehold business opportunity.
The existing Lease has approximately 2 years remaining, and the rent is £16,000 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.Hours
Monday to Saturday 9am till 6pm
Sundays Closed although the business has traded from 10am till 4pm previously.Staff
The business is run and managed by our client with the help of his wife.Financial Profile
SPE Fashions generates an advised current turnover of circa £52,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed a higher turnover previously.
An ambitious and entrepreneurial new owner would expect to see a much higher turnover.