Haberdashery Shops for sale in Gloucestershire

View the "SOUGHT AFTER HABERDASHERY BUSINESS – GLOUCESTERSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Freehold Price: £575000 Leasehold Price: £200000
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Business Description
SOUGHT AFTER HABERDASHERY BUSINESS – GLOUCESTERSHIRE
​​​​​​​Good reputation - regular and repeat trade
Genuine reason for sale due to retirement
Additional income of £7,600pa from first floor let
Advised annual turnover of £195,000
Separate owner's accommodation
Scope for further development
Stock Valuation of £82,000
Walk in condition
FREEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this well established haberdashery business which was established by our client forty years ago. Our client is now reluctantly offering the business to the market due to their desire to take well deserved retirement. Since the business was established our client has invested time and money on the business and the premises, meaning that it is in full walk in condition. They have continually added new lines and income streams which have enhanced the business massively. Our client informs us that the annual turnover currently runs at £195,000 which is derived from the sale of a wide range of haberdashery goods such as; wools, needles, buttons, thread, ribbons and much more. There is an additional income from the rental of the first floor accommodation of £7,600pa. There is scope to offer a alteration service, or courses for dressmaking and embroidery. There is massive potential for internet sales or ebay and together with the creation of a professional website may increase income. The business is currently owner operated with 5 part time staff and our client is happy to provide training during the transition period. The well established business enjoys a strong reputation within the local community and as such sees has a high level of regular and repeat trade together with word of mouth recommendations. The business premises would suit a variety of business STPP. This is a superb opportunity to purchase a good foundation business with massive development potential and as such early viewing is strongly advised.

Financial Profile
Turnover: £195,000pa
Rent from business above premises: £7,600pa

Tenure
We are advised freehold

Opening Hours
Monday: 9:00am – 5:00pm
Tuesday: 9:00am – 5:00pm
Wednesday: 9:00am – 5:00pm
Thursday: 9:00am – 5:00pm
Friday: 9:00am – 5:00pm
Saturday: 9:00am – 5:00pm

The well signed three storey premises of brick an tile lay briefly comprises:

GROUND FLOOR PREMISES
Glazed shop frontage ideal for display with glazed secured entrance to
Open plan shop
Serving/payment counter
Cash register
Display shelving/racking
Free standing displays

FIRST FLOOR - Owners accommodation
(Currently let to a beauty salon £7,600pa)
Reception
2 x treatment rooms
Kitchen
WC

SECOND FLOOR
3 x treatment rooms
Bathroom

EXTERNAL
Roadside parking
Tenure: Freehold, Leasehold

Listed by: Meridian Business Sales Limited

Find out more about this business opportunity.

 
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