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Fabulous Ladies Designer Wear For Sale

London
Asking Price:
£140,000
Sales Revenue:
£250,000
Cash Flow:
£25,500

This is an outstandingly well run business. The owner wants to re-direct their energies elsewhere after the last 10 years building this highly regarded business. A full handover will be put in place for the new owner.

Asking price: £140,000 plus stock at cost

Business Description:

This business is highly rated by customers for the overall experience through its on line and real presence. Collections are followed with enthusiasm by a loyal customer base but there is plenty of passing trade too.
The location is outstanding – City professionals and new industry workers from tech and media, are based on the doorstep - the nations’ highest average incomes within a mile’s radius of the retail location.
The store itself is a Victorian charm. Fitted beautifully and with elegance lost in many modern stores, customers are received and treated as they should be, by staff who are knowledgeable and attentive; but not overbearing.
The team have been with the business for a long time and practically run it on a day to day basis. They are involved in the business, not just employees.

Stocking a retail business of this nature is highly selective and the owner is more than willing to work with the new owners – buying collections takes planning and so interested buyers will have some knowledge of the seasonal cycle.

Business Performance:

Annual turnover is approximately £250,000. There has been small growth in this past year but without tremendous effort. Gross Profit margins are very close to 50%.

Further information will be divulged to interested purchasers under a confidentiality agreement

Lease Information:
The lease has 10 years to run and costs £ 41,000 per annum (“pa”) . This is exceptional and will allow a new owner to feel very comfortable when planning. Current lease rates in the area are much higher

Rates are currently set at £ 13,800 pa

Growth Prospects:

The existing owner has recently taken over the full time job and reins of running a family business (which she was previously involved in but on a part time basis).
The business can grow organically; the foundations are very strong (in store, on line and from an operational perspective). The website is very well designed and works as a shop window – many customers arrive in store having viewed on line, the items that they want to touch and try! Web site sales remain at low levels - £20k last year – but represents an area of growth opportunity.
In store sales revenues will grow faster given its geographic location but further growth is not simply a question of the new owner having more time than the current owner; the new owner, of course, will also need a passion and an understanding for this type of business.

If you can imagine yourself owning and leading this fabulous business then please enquire immediately. We are searching for a discerning buyer who will appreciate what has been built to date.

For further information and an in-depth conversation
Contact Mark Devonshire at TBA - London City Group Limited
25 Finsbury Circus, London EC2M 7EE;

Property information

Premises Details:

The business has been established 10y ago. Since then, the hard work of the owner has contributed to build a highly regarded business with a very strong reputation.

The business is highly rated by customers for the overall experience through its on line and real presence. Collections are followed with enthusiasm by a loyal customer base but there is plenty of passing trade too.

Business Operation

Expansion Potential:

The existing owner has recently taken over the full time job and reins of running a family business (which she was previously involved in but on a part time basis).
The business can grow organically; the foundations are very strong (in store, on line and from an operational perspective). The website is very well designed and works as a shop window – many customers arrive in store having viewed on line, the items that they want to touch and try! Web site sales remain at low levels - £20k last year – but represents an area of growth opportunity.
In store sales revenues will grow faster given its geographic location but further growth is not simply a question of the new owner having more time than the current owner; the new owner, of course, will also need a passion and an understanding for this type of business.

Competition / Market:

Competition in the area is present.

Reasons for selling:

Seller wants to re-direct focus elsewhere

Trading hours:

Monday - Friday: 10.30 - 18.30, Saturday 12.00 - 18.00

Years established:
2008

Other Information

Support & training:

1 week

Inventory / Stock value:
£150,000

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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