| (REF: AB129) Designer Brand Name Clothing and Accessories Retailer for Men and Women |
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| Seller Reference: |
AB129 |
| B4S Reference: |
06038 |
| Asking Price: |
£125,000
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| Net Profit: |
£25,000 |
| Sales Revenue: |
£280,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Northern Ireland, Northern Ireland, United Kingdom |
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This superbly presented business retails brand name men?s and women?s clothing and accessories catering for the upper end of the market. This quality fashion store is located in a large and spacious three storey retail unit, which forms part of a large parade of shops, in an established affluent and commercially thriving area with excellent footfall.
Clothing is offered on a limited availablilty basis, requiring the business to hold a smaller amount of stock. Staff have excellent product knowledge and offer a personal service and late night appointments for the growing loyal customer base. Customers appreciate the higher class range of clothing on offer, which is retailed at competitive prices. Customer loyalty is growing all the time due to service , stock and range etc.
The store runs with low overheads allowing for competitive discounts.
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Property: |
Leasehold |
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Lease Terms: |
The store is leasehold. Annual rent is £13,000 with rates of circa £5,850 per annum.
The store is fitted out to a high standard with large glass fronted display windows and excellent signage. Located on a prime corner site the store extends over three floors with large display areas and shelving. The ground floor currently retails the men’s clothing range and the first floor retails the women’s range and also has toilet facilities and a store, while the second floor is currently used for storage.
The premises have an alarm and security grills fitted. |
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Current Rent: |
The store is leasehold. Annual rent is £13,000 with rates of circa £5,850 per annum. |
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Living Accommodation: |
No |
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By far the most cost effective marketing for this business comes from its prime location and the strong word of mouth recommendation this business enjoys, testimony to the excellent reputation this business has particularly amongst its regular clientele.
Current advertising is undertaken through the local press. Investment in a company website could be a potential source for further income as could a targeted mail shot to the customer listing of circa 400 customer names and addresses currently held. |
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This business is ideally situated for further expansion. Installation of an EPOS system which is linked to till and stock to monitor brand performance could enhance turnover another 20-25 %.
There is potential to develop the ladies range of clothing. The business is already successful with the current collections and there is space on the first floor for new brands to be stocked to enhance the selection. |
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Full support and training will be provided to the successful purchaser to ensure the smooth transition of ownership |
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The vendor now wishes to enter into new business opportunities. |
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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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Monday ? Saturday: 9:00am - 5.30pm
The store books after hour appointments for special customers and opens for longer hours in the run up to Christmas. |
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The owner is responsible for the running of the business supported by one full time and one part time sales person. |
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