Retail Space for sale in Teignmouth

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Retail Shops - Clothes Shops

Teignmouth, Devon, England

  • Leasehold Price: £17,000  Price Reduced arrow_drop_down
  • Annual Net Profit: £17,500
Seller Reference: 7220
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Business Description
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Seller Reference: 7220
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Business Description
This is a profitable business, unique in the area, in a great location and on the market as we need to relocate.

Nona's Passion is a Ladies Clothes Agency selling pre-loved quality ladies clothes on a 50/50 basis on behalf of customers whilst combining a small but well established range of new clothes. The shop is located in a busy part of the seaside town of Teignmouth in Devon and as the only one in the area benefits from a solid local customer basis and plus a significant increase in trade during the busy summer months.Since combining the two businesses, turnover and profit have increased month on month, the turnover and profit figures are from the 2017/2018 tax year accounts, we had a great summer and the figures will show a considerable improvement for the current tax year.We have a couple of part time staff who know the business and are very flexible. The current winter trading hours are 10:00 to 16:00, extending the hours, particularly in the summer, could without doubt, increase turnover. We don't advertise, current business is generated through word of mouth and a very loyal customer base! Again an opportunity to increase the profile of the business possibly exists through advertising.All fixtures and fittings are included in the price, and this includes a bespoke stock registering and till system that is fully supported by the suppliers.Full support will be given to a buyer during the takeover period.

The shop is located in the 'Arts Quarter' of Teignmouth close to cafes, pubs, craft and gift shops and only a short walk to the beach.
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