Leather Goods Shop - Kent Coast For Sale in Kent- Business 4 Sale .co.uk

Business Summary

BUSINESS
The present shop has been owned for over 14 years by our clients. The original family business was established in Hythe in 1967.
The business provides a comprehensive range of quality leather, suede and sheepskin goods including: ladies and gentlemen's clothing, coats, jackets, hats, gloves plus an extensive range of leather handbags, brief cases, holdalls, luggage, slippers, moccasins and small leather goods.
The business offers the option of a made-to-measure service for any specialised clothing, and a cleaning, alteration and repair service.
The business is promoted in many ways, notably through advertising in regional and local press, magazines, Yellow Pages and a showcase and display stands at a number of local hotels and attractions.
There are 30+ suppliers mostly in London, the West Country and East Anglia. There is a database of 2,800 clients some of whom are regular customers with scope to introduce a website, a mail order facility also shoes and branded goods.

BUSINESS PREMISES
(all sizes are approximate and should be considered 'nominal'.)
Outside - the premises enjoy a part-glazed, double frontage with a double entry door and a sun canopy.
Inside
Shop - (8.6m frontage x 7.0m depth), with a carpet tiled floor, a suspended ceiling with track lighting, a part-glazed display counter with a cash drawer, a fitting room, various product displays including spinners, glazed display units, shelving and central gondolas. To the rear of the shop is:
Office/Stockroom with a desk, a window and an external door to the rear of the property.
There is a lobby with a wash hand basin and WC with a window to the rear of the property
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
To the rear of the property there is a brick-built outbuilding used for storage and a communal footpath with access to a side road.

TENURE
The property is held on a 10-year lease from March 2003 with a current rent payable of £9,250 + VAT per annum.
We understand the lease is within the 1954 Landlord and Tenants Act.

RATES
The business rates payable are £1,100 per annum

TRADE
The turnover shown in the trading accounts as follows:
Y/e 31 March 2009 £140,372
Y/e 31 March 2010 £147,839
Y/e 31 March 2011 £137,700
Each of the above years shows a net profit figure in excess of £50,000.
Please note all figures exclude VAT.

HOURS
Monday to Saturday 9.15 am to 5.15 pm
Closed on Sunday

STAFF
1 part-time
2 owners full-time
1 owner part-time

STOCK
The Vendors informs us that the value of the stock is approximately £40,000.

Property Information

	Property:	Leasehold

	Living Accommodation:	No

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

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