Ladieswear Retailers for sale in Preston

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Popular Ladies Fashion Shop - Preston

Preston, Lancashire, England

  • Leasehold Price: £34,950
  • Annual Turnover: £55,652
  • Annual Gross Profit: £33,958
Seller Reference: 6777
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Business Description
 
 
 
 
 
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Seller Reference: 6777
Request Details
Business Description
Prominent Town Centre Location
Accounts Available Year End 30.09.18
Annual Turnover £55,652
Gross Profit £33,958
Accounts Available After Viewing
Close To Preston Train Station
Immaculately Presented Throughout
Low Rent £173 Per Week
Excellent Social Media Presence
Superb Online Reviews
EPC – D
REF 6777 – Leasehold Ladies Fashion Shop

Blacks Brokers are pleased to bring to the market this leasehold ladies fashion shop located in the centre of Preston, Lancashire.

INTRODUCTION

Victoria's Vault Ltd has been trading on Guildhall Street in Preston since 2014 with our client establising the business here due to the high amount of footfall generated by Fisher Gate and Preston centre generally. Our client has secured a strong social media following and around 80% of trade is generated from this. Victoria’s Vault is well known and has a large base of regular customers and excellent reviews are noted on Facebook in addition to this the business has a strong presence of followers on Instagram.

LOCATION

Victoria's Vault Ltd is positioned in a bustling pedestrianised area of Preston within a parade of shops and businesses. This is close to Fisher Gate and St George’s Shopping centre as well as Preston Guild Hall. The area is well linked by the M6 and A59 with excellent 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. The business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. We are advised a new lease and terms will be fully negotiated upon sale of the business, it will run at a cost of only £173 per week.

BUILDING LAYOUT AND DESIGN

Victoria's Vault Ltd operates from the ground and basement floor of a spacious, mid terraced property with branding and signage displayed above a fully glazed frontage. Inside, the shop is presented well with a range of ladies clothing and accessories on display. The shop has wooden flooring fitted throughout and neutral décor. To the rear of the shop are three private changing rooms and a storage room.

The basement floor has a further storage area, kitchen and toilet facilities.

STAFF

The business is currently operating with our client only working on a full time basis with the support of one casual member of staff on Saturdays.

FINANCIAL DETAILS

Victoria's Vault Ltd has traded well since opening. Accounts for year ending 30th September 2018 show annual turnover of £55,652 with gross profit of £33,958. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in a busy area of Preston. Our client has worked hard to create a strong social media presence and has secured a large customer base from this. There is plenty of scope to develop the business further with the introduction of a new website with shop, new opening days and longer trading hours. There is also potential to introduce new product lines. 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:
Shelving

Racking

Till

Storage Boxes
Trading hours:
MON: CLOSED TUE - SAT: 09:00 - 17:00 SUN: CLOSED
Tenure:
Leasehold
Location Details:
Preston
Leasehold Term:
£173 Per Week
Listed by:
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