OFFERS INVITED ###
City Business Brokers is pleased to bring to market this extremely well-established Ladies Fashion Shop which enjoys significant commercial advantage with its fantastic trading position in a trendy and sophisticated district of this beautiful town set amongst other high quality independent retailers.
Operating from very well-fitted and attractive premises the business offers high quality ladies fashion brands including special occasion, designer separates, hats and fascinators with a seasonal mother of the bride range and a small selection of handbags and jewellery to compliment any outfit.
This is very much a lifestyle business with the present owners enjoying an excellent reputation for the personal service and alteration facility they offer. There is scope to increase the turnover through additional marketing, events and increased use of social media.
The business has been established for 31 years and has a current database of over 500 regular customers with a similar size database dedicated to mother of the bride. In addition there is a very well-managed website, forward orders and strong supplier relationships. The owners are retiring from the business and are very happy to provide a full handover together with training and support.
The business currently operates 6 days per week from 10.30 am to 4.30 pm.
Turnover is in the region of £200,000 per annum with reasonable profits and scope to increase.
There is a current lease which runs to October 2019 with a leasehold rent of £10,500 per annum and a new lease available. Business rates are currently set at zero.
A full profile is available once a confidentiality & 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.
Lease to October 2019. New lease available.