Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Two Retail Shops Selling Lifestyle Fashion Clothing & Footwear
LISTING DETAILS
Firms For Sale ID:
24943
Vendor reference:
AB191
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£95,000
Turnover / revenue:
£230,000
Net profit / cashflow:
£30,000
Years established:
4
Trading hours:
Monday – Saturday 9.30am – 5.30pm
Sundays – 11.30am – 4.00pm.
Number of employees:
6
OTHER DETAILS
Reason for selling:
The owners have decided that the two shops are too far a distance from where they live and spend a great deal of time each day travelling. Regretfully they have decided that they need to find something closer to their home and have decided to sell the two shops.
Support and training:
The owners would be happy to help with a smooth transfer of the business in any way possible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Shop 1 - Rent is circa £32,000 per annum, with rates of circa £12,000 per annum and a lease running until 2014.
Shop 2-The rent is circa £28,000 per annum and rates of circa £10,000 per annum with a lease running until 2019 with a break available in 2014.
BUSINESS DESCRIPTION
Two Retail Shops Selling Lifestyle Fashion Clothing & Footwear
Ref.AB191
Location Lincolnshire
Asking Price £ 95,000
Confidentially offered for sale
Leasehold Asking price: £195,000 + SAV
This is an excellent opportunity to acquire two established retail outlets selling lifestyle fashion in two prominent leasehold locations in Lincolnshire. They carry a vast range of clothing, footwear and accessories from a number of well known and iconic “urban lifestyle” brands from around the world. The owners opened the shops with a target market age range of 25-40 but have since realised that this type of merchandise actually sells to all ages.
The two shops are located in prominent locations. The larger one in a main city centre and the other in large market town in Lincolnshire, both are within easy travelling distance of each other.
The company runs all of its operations from a centrally located computer system for ease of stock management and accounting. They run a basic EPOS till system and have a small amount of sales from the internet. Margins are healthy with a 2.35 – 2.5 mark up on all products.
This is a good opportunity for new owners to take over two established lifestyle fashion shops within easy access of each other. They have excellent well known prestigious brands allready in place. All of the start up teething problems of a new business have been overcome by the current owners leaving new owners to concentrate on increasing the merchandising, marketing and sales
Expansion Potential
This is an area of the casual clothing and footwear market that has been steadily growing over the years and as brands become more and more important the future for this sector of the market is for further growth.
The prominent locations for the two shops guarantee daily and continual passing footfall. The business will continue to grow and new owners can take advantage of the sound foundations that the current owners have put in place. They will benefit from day one after the takeover with an immediate income stream.