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Key Facts

[Ref: AB129]

Business For Sale : Designer Brand Name Clothing and Accessories
Location : Northern Ireland, UK
Leasehold | Asking Price: "£125,000"

Contact: Turner Butler

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Asking price includes

Annual turnover circa £324,000
Gross Profit circa £124,000
Net Profit circa £62,000

Wide range of top quality ĎLabelsí
Prime location in an affluent town centre
Established and loyal customer base
All fixtures and fittings
Excellent staff
Goodwill

Business profile

This superbly presented business retails brand name menís and womenís 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.

Customer Service

The business has a policy for customer care and provides quality clothing products and service.

Key Strengths

The business prides itself on its excellent choice of fashionable products and brands, which combined with the convenient location of the premises and backed up by an impressive selection of styles and sizes gives it its competitive advantage.

Growth and Expansion

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.

Premises

The store is leasehold with 5 years remaining. 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 menís clothing range and the first floor retails the womenís 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.

Employees

The owner is responsible for the running of the business supported by one full time and one part time sales person.

Financial profile

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

A profitable business the current turnover is circa £324,000, generating a gross profit of circa £124,000 and a net profit of circa £62,000.

Support and Training

Full support and training will be provided to the successful purchaser to ensure the smooth transition of ownership.

Reason for Sale

The vendor now wishes to enter into new business opportunities.

 
 

[PRFLID:28619] [CMPID:7] [FRMTeID:] [MiUITID:1] [MiID:120250] [PdUITID:1]

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