Gift Shops for sale in Otley

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 Daltons offered a simple, low-cost and effective way to advertise our business for sale to a wide audience.  

David Binder (Nov 2017)
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Leasehold Price: £24,995 Turnover: £110,000
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Business Description
Business
Hilton Smythe is delighted to welcome to the market Silk Sisters, an extremely busy and well-established lady’s clothes, shoes and gifts shop, which is ideally located on Market Street, Otley.

Silk Sisters has been established for over 14 years, our client is now looking to retire. The business operates 6 days per week, generating a fantastic turnover in the region of £115,000 per annum.
Due to the location in the heart of the expanding town, this shop highly benefits from the footfall.

Silk Sisters offers products such as clothing, underwear, shoes, bags, as well accessories, such as scarfs and jewelry. The property is very well maintained and fitted out to suit the trade.

Our client has built the reputation of this very successful and well-respected shop, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to promote the business and goods offered. There are also options for online sales such as creating and eBay, Amazon and not on the high street account.

This is an excellent opportunity for a new owner, perhaps a partnership, to take the already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
The business is located in the heart of Otley, Leeds.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from free parking close by.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

There are several railway stations nearby, the closest being Menston Railway Station. Also, there's a main bus link to and from surrounding towns.

The area is also well served by the A-roads, with the A660 and the A658 being within easy driving distance of the business, which links to the A1 and M62 motorway network.

Premises
Silk Sisters is extremely well presented with an inviting atmosphere, the shop floor is kitted out to suit the trade.

• Shop floor with clothing rails, slat wall panelling, glass shelving and display cabinets.

• Counter with till and card reader

• Fitting room

• Small storage room

The shop has a full CCTV system in place, metal window shutters, and an alarm system.

Tenure
Leasehold - currently a rolling lease, however a new lease could be obtained from the landlord.

Hours
Monday – Saturday (09.30 – 17.00)
Sunday - Closed
Farmers market Sunday (last Sunday of every month) 09.30 – 13.30

Staff
The business is owner managed with 2 part time staff members.

Financial Profile
The business reports a turnover for the last year of approximately £115,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04364
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