Ladieswear Retailers for sale in Greater London

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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: £140,000 Annual Turnover: £250,000 Annual Net Profit: £25,500
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Business Description
This is an outstandingly well run business. The owner wants to re-direct their energies elsewhere after the last 10 years building this highly regarded business. A full handover will be put in place for the new owner.

Asking price: £140,000 plus stock at cost

Business Description:

This business is highly rated by customers for the overall experience through its on line and real presence. Collections are followed with enthusiasm by a loyal customer base but there is plenty of passing trade too.
The location is outstanding – City professionals and new industry workers from tech and media, are based on the doorstep - the nations’ highest average incomes within a mile’s radius of the retail location.
The store itself is a Victorian charm. Fitted beautifully and with elegance lost in many modern stores, customers are received and treated as they should be, by staff who are knowledgeable and attentive; but not overbearing.
The team have been with the business for a long time and practically run it on a day to day basis. They are involved in the business, not just employees.

Stocking a retail business of this nature is highly selective and the owner is more than willing to work with the new owners – buying collections takes planning and so interested buyers will have some knowledge of the seasonal cycle.

Business Performance:

Annual turnover is approximately £250,000. There has been small growth in this past year but without tremendous effort. Gross Profit margins are very close to 50%.

Further information will be divulged to interested purchasers under a confidentiality agreement

Lease Information:
The lease has 10 years to run and costs £ 41,000 per annum (“pa”) . This is exceptional and will allow a new owner to feel very comfortable when planning. Current lease rates in the area are much higher

Rates are currently set at £ 13,800 pa

Growth Prospects:

The existing owner has recently taken over the full time job and reins of running a family business (which she was previously involved in but on a part time basis).
The business can grow organically; the foundations are very strong (in store, on line and from an operational perspective). The website is very well designed and works as a shop window – many customers arrive in store having viewed on line, the items that they want to touch and try! Web site sales remain at low levels - £20k last year – but represents an area of growth opportunity.
In store sales revenues will grow faster given its geographic location but further growth is not simply a question of the new owner having more time than the current owner; the new owner, of course, will also need a passion and an understanding for this type of business.

If you can imagine yourself owning and leading this fabulous business then please enquire immediately. We are searching for a discerning buyer who will appreciate what has been built to date.

For further information and an in-depth conversation
Contact Mark Devonshire at TBA - London City Group Limited
25 Finsbury Circus, London EC2M 7EE;mdevonshire@tworlduk.com
Tel. 0203 687 0343 / Mobile 07972 634 187

Business History The business has been established 10y ago. Since then, the hard work of the owner has contributed to build a highly regarded business with a very strong reputation.

The business is highly rated by customers for the overall experience through its on line and real presence. Collections are followed with enthusiasm by a loyal customer base but there is plenty of passing trade too. Potential Growth The existing owner has recently taken over the full time job and reins of running a family business (which she was previously involved in but on a part time basis).
The business can grow organically; the foundations are very strong (in store, on line and from an operational perspective). The website is very well designed and works as a shop window – many customers arrive in store having viewed on line, the items that they want to touch and try! Web site sales remain at low levels - £20k last year – but represents an area of growth opportunity.
In store sales revenues will grow faster given its geographic location but further growth is not simply a question of the new owner having more time than the current owner; the new owner, of course, will also need a passion and an understanding for this type of business.

Competitive Overview Competition in the area is present.

Showing Instructions Contact Agent

Showing Comments Contact Agent
Trading Hours:
Monday - Friday: 10.30 - 18.30, Saturday 12.00 - 18.00

Tenure: Leasehold

Support & Training: 1 week

Listed by: Transworld Business Advisors

Find out more about this business opportunity.

 
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08671-529256
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