Ladieswear Retailers for sale in Runcorn

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Hair Extensions & Ladies Fashion Retailer- Runcorn

Runcorn, Cheshire, England

  • Leasehold Price: £54,950  Price Reduced arrow_drop_down
  • Annual Turnover: £170,030
  • Annual Gross Profit: £83,516
Seller Reference: 7117
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Business Description
 
 
 
 
 
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Seller Reference: 7117
Request Details
Business Description
Prominent Shopping Centre Location
Accounts Available Year End 31st March 2019
Annual Turnover £170,030
Gross Profit £83,516
Accounts Available After Viewing
Established 2010 By Current Owner
Close To Large Multiples
Superb Fixtures and Fittings Throughout
Fantastic Online Reviews
Strong Social Media Following
Scope To Introduce Additional Services
REF 7117 - Leasehold Ladies Fashion Retailer and Hair Extensions Shop & Boutique

Blacks Brokers are pleased to bring to the market this leasehold Ladies Fashion Retailer selling various hair extensions etc. The business also has a Tattoo Parlour and Tanning salon within the shop and is located in Runcorn, Cheshire.

INTRODUCTION

Terry's Boutique & Salon was established by our client in this bustling area of Runcorn in 2010. The business offers a wide range of services including tattoo design, tanning and women’s fashion. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Terry's Boutique & Salon has a comprehensive website in place.

LOCATION

Terry's Boutique & Salon occupies a shopping centre trading position within Shopping City, Runcorn. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Specsavers and Sayers. There are also a number of eateries nearby as well as entertainment venues including Cineworld and Hallwood Park Playground. The area is well linked by the M56 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, it is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a four year lease which began in 2019. Rent - to be disclosed to prospective buyers.

STAFF

The business operates with two full time members of staff in employment supporting our client on a full time basis.

FINANCIAL DETAILS

Terry's Boutique & Salon has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2019 show annual turnover of £170,030 and gross profit of £83,516. Full financial information is available upon request.

BUSINESS RATES

The business has a rateable value of £9,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known and long established business occupies an enviable trading position in a busy area of Runcorn’s Shopping City. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new produce and beauty services as well as longer opening hours to include late nights. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Lie Down Sunbed x 2

Stand Up Sunbed

Spray Tan Booth & Gun

Cash Register

Laser Removal Tattoo Machine

Auto Clave Steriliser

Sonic Wash

Water Purifier

Computers

Sound System

Sofas

Tattoo Bed x 3
Trading hours:
MON - SUN: 09:00 - 17:30
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Terry's Boutique & Salon operates from a spacious, purpose built retail unit with electric shutters and CCTV in place. The business has large branding and signage on display above a glazed frontage. Inside, the main shop floor is very well presented with wooden flooring throughout, wall shelving and central display stands. On the lower ground floor there are two tattoo bays, one piercing bay, reception area, waiting area, four sunbed rooms and toilet facilities. All areas are well equipped and presented very nicely.

Location Details:
Runcorn
Leasehold Term:
To Be Disclosed
Listed by:
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