Accounts Available Year End 30th June 2019
Annual Turnover £134,040
Gross Profit £71,370
Accounts Available After Viewing
New Lease Available
Split Over 3 Floors
Low Rent Of £154 Per Week
EPC - C
Blacks Brokers are pleased to bring to the market this leasehold high class boutique located in Leek, Staffordshire.INTRODUCTION
Anne Morris has been trading at Getliffes Yard on Derby Street since 1998 when our client founded the business. This high class boutique stocks designer labels and specialises in daywear, evening and occasional wear for weddings, races, cruising and all celebrations but also a floor dedicated to casual wear. LOCATION
The business is located in this pretty market town on the edge of the Peak District and Derbyshire Dales attracting tourists all year round. REASON FOR SALE
This opportunity has become available due to our client’s retirement plans and therefore this is an excellent opportunity to acquire a business that has generated over twenty years of goodwill and has earned an enviable reputation. LEASE
The building is available on a 5 year FRI ( Full Repair and Insuring ) at a weekly rent of £154. Length of lease can be negotiated with the new buyer. BUILDING LAYOUT AND DESIGN
The business is set in a beautiful covered Victoria cobbled courtyard surrounded by. Olive trees, flowers, designer shops, cafe and a busy restaurant in essence a“mini Covent Garden”.
The store is a converted corn store comprises three floors with an industrial look, and many attractive features. It offers a variety of fashion from top designers plus a large range of accessories.
The top floor can be adapted for events and fashion shows .STAFF
Our client is supported by a full time manager that offers a new buyer continuity with the clients to ensure a smooth handover. FINANCIAL DETAILS
Currently the business is trading steadily over its long trading heritage. Accounts Y/E June 2019 show a turnover of £134,040 and a gross profit of £71,370 and a pre tax profit of £40,964BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This is a well respected high class boutique with a trading heritage spanning over 20 years.
Established in 1998 by the owner/proprietor who has worked tirelessly to build the reputation of this well respected boutique resulting in a good, loyal customer repeat customer base from three counties.
It has a website, Facebook and Instagram accounts but there are excellent opportunities to increase turnover by opening on Sundays, late nights but more particularly promoting online sales to take it to the next level.
It is rare for a business of this calibre to become available on the open market and therefore we do anticipate a speedy completion for this well respected business.
Early viewings are advised. Fixtures:
MON - SAT: 09:30 - 17:30