Lingerie Shops for sale in Surrey

View the "SPECIALIST LINGERIE & SWIMWEAR BOUTIQUE ON SURREY HIGH STREET" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had an offer for my Cafe Bistro business within 4 days of the advertisement going live on Daltons. 

Beverley Iles (September 2016)
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Leasehold Price: £69,950 Annual Turnover: £206,525 Annual Gross Profit: £120,098 Annual Net Profit: £48,020
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Business Description
LOCATION:

The business is in the Borough of Waverley, in the heart of an affluent South West Surrey market town close to the Hampshire and West Sussex borders. With the London to Portsmouth A3 nearby and a railway station served from Waterloo, the affluence of the area is underlined by the fact that in recent years the local station has boasted the highest proportion of first class season tickets in the UK. The business is ideally located as the town boasts a wealth of independent shops with no less than ten independent ladies clothes shops to browse, plus numerous shoe and accessories shops attracting ladies from far and wide looking for an interesting day out shopping, with a choice of quality restaurants and the option of a good coffee close by. The town was granted a charter by Richard II in 1394 and this right was confirmed by a new charter issued by Elizabeth I in 1596. Today, this special status is celebrated with the Charter Fair, held once every two years in the High Street. There is a bust of Elizabeth I in a newly developed Walk, linking West Street with the car park alongside Waitrose.

BUSINESS:
This is a specialist Surrey boutique, offering luxury lingerie, swimwear and nightwear for all occasions. Established over 12 years ago and situated on a quintessentially English High Street in Surrey, the business offers clients an extensive choice both in-store and via its impressive and growing, E-commerce web site. Short-listed for Best Newcomer by the UK industry's main trade magazine "Underlines Lingerie" it has now been nominated for the Best Lingerie Shop award for 2017. There are glamorous luxury Belgian & French lace lingerie sets for special occasions as well as beautifully crafted everyday essential lingerie. Impressive ranges of exclusive designer brands and lingerie sets available:
'A' cup through Plus Size up to 'J' cup; sophisticated shapewear compliments these ranges. The same specialist fits are available in Designer Swimwear from sizes Petite to Plus Size, 8-20, A-H Cups Swimsuits & Bikinis with a wide range of Beachwear Accessories. Quality Nightwear ranges include romantic Lace & Silk Chemise, fine cotton Nighties, luxuriously comfortable Loungewear & elegant Dressing Gowns. Free First Class delivery across the UK and a complimentary gift wrapping service for luxury lingerie. Brands stocked include -
Andres Sarda, Aubade Paris, Cette Hosiery, Eberjey, Empreinte, Fantasie & Freya Swimwear, Gottex, Hanro of Switzerland, Heidi Klum, Huit 8 Paris
Le Chat, Laurence Tavernier, Marie Jo Lingerie. Marjolaine, Maryan Mehlhorn, Miraclesuit, Nicole Olivier, Prima Donna Lingerie, Roidal Swimwear, Seafolly UK and Stella McCartney

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
A 557 sq ft (51.7sqm), character red brick, end-of-terrace property under a tile-hung, first floor elevation with two large glazed display windows with single casement entrance door opening into the air conditioned sales floor offering 327 sq ft/30.4 sq m of retail space with a customer service counter to the rear. Stairs lead to a further 230 sq ft/ 21.3 sq m sales area, 2 fitting rooms, 2 stock rooms and a staff kitchen. There is an outside area with toilet facilities and further covered storage space.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
There is no private accommodation included with this opportunity

OUTSIDE:
The boutique occupies a prominent trading position in the centre of the High Street, adjacent to Costa Coffee, Pizza Express and with Boots close by, with the added benefit of free one hour parking bays located either side of this ideally-situated and attractive retail unit.

TENURE:

This is a leasehold opportunity with a 10 year lease in place which commenced on 13 October 2010 and expires on 12 October 2020. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £16,000 per year. There are 5-yearly rent reviews with the next review due in 2020. The landlord confirms a new 10-year lease is available subject to satisfactory bank and other references proving commercial competency and creditworthiness. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.

RATES:
The rateable value of the business premises is £12,250, with rates of £386.36 payable in 2017/18.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:

We understand from the vendor that mains electricity and mains drainage services are connected to the property.

TRADE:

This is a well-managed, successful and growing business. A fully-computerised EPOS till generates receipts and stock management reports as all stock items are bar-coded. Interested buyers can interrogate the EPOS report function and view accounts inspected by Adams & Co which show turnover for the year ended 31 March 2017 of £206,525; Gross Profits of £120,098 and adjusted net profits of £48,020. This compares favourably with turnover the previous year of £186,568, Gross Profits of £102, 062 and adjusted net profits of £36,571. The vendor informs Adams & Co that sales for the first quarter to 30 June 2017 totalled £58,056, an increase of 11.1% on the previous year.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:

Monday to Saturday 10:00 to 17:00
Sunday Closed

STAFF:

The vendor does not work in the boutique which is run by two part time employees working 3 ½ and 2 ½ days each per week with 2 Saturday staff.

STOCK:

The vendor informs us that the value of the stock varies according to season, peaking at approximately £70,000.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:

The vendor wishes to pursue a new, non-competing business venture providing an exciting opportunity for a new owner to build on the solid foundations laid down by the vendor over the past 7 years.
Detailed financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Tenure: Leasehold

Location Details:
On the High Street adjacent to Costa Coffee in an affluent South West Surrey market town close to the Hampshire and West Sussex borders.

Leasehold Term:
This is a leasehold opportunity with a 10 year lease in place which commenced on 13 October 2010 and expires on 12 October 2020. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £16,000 per year. There are 5-yearly rent reviews with the next review due in 2020.

Listed by: Adams & Co
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HW1506
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