Haberdashery Shops for sale in Macclesfield

View the "Fabric & Haberdashery Specialists - Macclesfield" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
View More
Leasehold Price: £185,000 Annual Turnover: £156,156 Gross Profit: £69,558 Annual Net Profit: £34,003
Request Details
Business Description
Long Established Family Business
Operating Since 1989
Annual Turnover Exclusive of VAT £156,156 (Audited)
Gross Profit £69,558 (Audited)
Town Centre Location
Close To Multiples
Large & Repeat Customer Base
No Competition In Local Area
Potential For Expansion
Scope To Introduce Social Media
Large Car Park Adjacent
EPC - D
REF 6382 – Leasehold Fabric & Haberdashery Specialists

Blacks Brokers are pleased to bring to the market this leasehold fabric and haberdashery specialist located in the busy town centre of Macclesfield, Cheshire.

INTRODUCTION

The Fent Shop was established by our client’s family in 1989. There was huge demand for a fabric shop in this area of Macclesfield. The business stocks thousands of metres of fabrics and a large selection of haberdashery and craft fabrics. The Fent Shop has become well known, with a large base of repeat customers, and this high footfall area ensures additional trade from passers by and visitors to the area. The Fent Shop has a good amount of excellent reviews noted on Google and Yelp. Our clients have introduced a website and social media presence in recent years which brings further custom, these areas could be further enhanced with the addition of an online shop and ordering service.

LOCATION

Situated in the centre of Macclesfield, the business occupies an enviable trading position in a mainly commercial area of the town. The area is filled with both local shops and large multiples including Aldi, William Hill and Lloyds Bank. Macclesfield is well linked by the A537 and public transport links are excellent with Macclesfield Train Station within a short distance. Parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator or partnership, but our clients are looking to retire. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is currently on a competitive rent Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling lease that has been in place since 1989. The lease runs at a cost of £244 per week. A new lease can be negotiated for the new owner.

BUILDING LAYOUT AND DESIGN

The Fent Shop operates from the ground floor of a large, converted mill. The business has signage displayed to the front and side. Inside, the main shop floor is a very spacious, open plan area filled with thousands of rolls of fabrics and haberdashery stock which is displayed on freestanding display units. There is also a cutting area fitted with specialist cutting table, roll cutter, measuring equipment and so on. There is also a small office area and till point. All areas are presented well, and the business is fitted with good quality fixtures, fittings and equipment.

STAFF

The business is currently operating with our 2 clients both on a full time basis supported by 2 part time staff.

FINANCIAL DETAILS

The Fent Shop has traded solidly since opening. The accounts for year ending 2017 show annual turnover of £156,156 with a gross profit of £69,558 and a net profit of £34,003. Further financial details are available upon viewing.

SUMMARY

This leasehold business is well known in this business sector and has an impressive trading history and customer base in place. There is plenty of scope for further expansion with the development on the online and social media presence, investment in new signage to attract additional passing custom and new workstreams could be forged with local theatre groups, designers and the like. This proposition would be ideally suited to another owner-operating team with a passion for this type of business. Early viewings are very strongly advised. Fixtures:
Roller Cutter

Cutting Table

Tables

Display Stands
Trading Hours:
MON - FRI: 09:30 - 16:30
SAT: 09:00 - 15:30
SUN: CLOSED

Tenure: Leasehold

Location Details: Macclesfield

Leasehold Term: Rent: £244 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
6382
Seller Reference:
You May Also Like...
loading... 
We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. Find out more