| (REF: NW010329) Street Fashion Wear - S. Lakes |
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| Seller Reference: |
NW010329 |
| B4S Reference: |
28622 |
| Asking Price: |
£49,995
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£139,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Cumbria, United Kingdom |
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Location
Adams and Co. are pleased to offer for sale this well established fashion wear opportunity located on the hish street in this popular S. Lakes Town.
The Business
The business is located in a highly visible position adjacent to the local shops and services on the main arterial road through the centre of town, enjoying high levels of passing trade. The business has been established on the site for 20yrs, and in that time our clients have built an excellent reputation with a good customer base. The vendors also have superb supplier relationships and would be happy to offer a generous handover period to ensure the continuing success of the business. The vendors stock a wide range of quality branded jeans and street fashion aimed at the 18-30 market. There is scope to develop the business to introduce new lines and create a web presence. The business is ideal for an owner operator who has the drive and commitment to realise the potential of this fantastic opportunity and build on an already very well established business.
Net Sales for the year ending April 2010 were £138,777 with a GP of 50%. Accounts will be made available to seriously interested parties following a formal viewing of the business.
Reason For Sale
Reluctant sale due to ill health.
Business Premises
The ground floor premises are situated on the high street in the centre of town. The business has an attractive glazed front offering large window displays with eye-catching signage above. The premises have fire and security alarm systems. Glazed entrance door to the stylish sales area of approx. 800sq.ft. having laminate flooring and suspended ceiling with inset lighting. The premises are superbly appointed with an easy walk through layout of prominent display areas, including a large range of wall and walk round fittings and display racking. The counter has shelving as fitted, cash register and card machine. Steps from the rear of the counter lead up to a small carpeted area having three changing cubicles. Hallway from sales area leading to staff WC.
Store Room
At the rear one changing cubicle is a spacious store area (approx. 200sq.ft) having carpeted flooring, shelving and racking as fitted.
Office
Small office approx. 80sq.ft. Having shelving as fitted.
Cellar
Approx. 700sq.ft having power and light. Not currently in use.
Staff
The vendor works part time only with the assistance of two part time members of staff.
Hours of Trading
Monday to Thursday 9.30am to 5pm
Friday and Saturday 9.30am to 5.30pm
Sunday CLOSED
Tenure
New secure renewable lease being offered for a minimum term of 10yrs. Rent £15,000pa. Rates payable £7561pa. Small business rate relief may be available. No rates payable for 12 months from January 2011.
Comments
A superbly appointed high street outlet. Early viewing is recommended to appreciate.
Confidentiality
Under no Circumstances should you approach the business directly.
Viewing
Please telephone this office on 015242 64880 to advise us when you would like to visit and we will be pleased to make the arrangements.
Offers
All offers are for the Leasehold, goodwill, fixtures and fittings must be made through this office.
Finance
Adams and Co. can assist interested parties acquire finance. Subject to status.
PROPERTY MISDESCRIPTIONS ACT
ADAMS and CO for themselves and for the vendors or lessors of this property/business whose agents, they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of an offer or contract;(ii) although believed to be correct, all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and accuracy is not guaranteed, and therefore any intending purchasers or tenants should not only rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each item; (iii) no person in the employment of ADAMS and CO has any authority to make or give any representation or warranty whatever in relation to this property/business; (iv) the mention of any appliances/services within these particulars does not imply that they are in full working order as they have not been tested; (v) these particulars are issued on the understanding that ALL NEGOTIATIONS are concluded through ADAMS andCO, otherwise in the event of a sale being concluded directly or indirectly, the vendor may find themselves liable to legal proceedings.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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