Established in excess of 36 years and run by the current vendor for nearly 20 years now this exceptionally presented women’s designer fashion retailer takes a prime position on this extremely affluent High Street close to all the big chain retailers, banks, eateries and supermarkets. There is a small slip road off of the main High Street giving you direct 1 hr parking outside the shop, However there is ample parking surrounding the premises. The business is completely unopposed in terms of the labels it stocks including Apanage, Marella, Gardeur, MAC, Gerard Darel, Oui, Taifun, Save the Queen and Sandwich_. The business is supported by a huge amount of repeat business making up to 90% of the turnover which is in excess of £250,000 and boasts a customer database around 1,000 customers. The shop was refitted in 2005 has air conditioning and is very secure. You can see upon inspection why this retailer really stands out. An early viewing is highly recommended.
Floor to ceiling fully exposed window with single door entrances to either side with only the left hand side being operational. Large open plan shop with Italian marble floor and smart racking displays on either side of the shop. There are central display gondolas holding stock. Towards the back of the premises there is a comfy seating waiting area on the left and 4 changing rooms on the right. A central display serving till area holding jewellery for customer sales. A door at the back of the shop leads to a stock room/staff room, office and separate kitchenette and toilet.
Business turnover on the latest set of accounts show £260,384 with a gross profit of approximately 46%.
There is a potential to introduce web sales.
There are approximately 3 1/2 years remaining of a 25 year renewable lease at a current rental of £29,500.
Stock to be purchased separately at valuation, Approximately £85,000
9.30am - 5.30pm Monday to Saturday.
Vendor full time with 4 part time staff that work on a flexible rota.
Reason For Sale
After 20 years in the business the Vendor has opted for a bit of a lifestyle change.