City Business are pleased to bring to the market this well-established, popular “Life Style” business, located on the main High Street in Witney.
Established for over 30 years, the business has grown to a turnover of £325000 pa, with reasonable rent for the square footage and benefiting from full rate relief. Together with good gross margins it generates a good return on investment.
The business offers a wide range of Haberdashery products such as Fabric, Patterns, Yarn and a full range of Sewing and Knitting accessories for those `Sewing Bee` enthusiasts, as well as alteration businesses and sewing academies alike.
Currently run mainly as a managed operation trading 6 days a week, the business would suit someone looking for a `lifestyle business` to support a vastly popular passion for Haberdashery or similar.
The premises has a wide glass-fronted aspect with a high presence on the local high street with on-road parking to the front.
The main shop is laid out to display Fabrics, Yarns, Sewing Machines etc, with complimentary accessories.
To the rear there is a large stockroom/Classroom/Workshop with its own toilet and washing facilities. This room has two large opening doors to allow delivery access into the rear of the shop which also has its own car parking space at the rear.
Off the main frontage, the shop has an office and a long corridor with another toilet, wash basin and staffroom/storage facilities and Fire Exit.
The business is offered with all fixtures and fittings by agreement for the new owners.
Currently the business benefits from full rate relief.
The business is offered with the fixtures and fittings ready to trade (full list available on viewing).
Offers are invited for the company to include all assets and goodwill on a cash-free, debt-free basis.
Reason for sale: Retirement
A full profile is available once a Non-Disclosure Agreement has been signed. All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.