Business for sale in United Kingdom – Worcester – County of Worcestershire – Ab216-two family owned profitable ladies fashion outlets-worcester

Business for sale, Buy a business or sell a business. Find a business broker or a franchise for sale. Over 19,000 banks and 2,700 venture capital firms in The Business Place

In order to contact the buyer/seller, you must be a registered user of the site and must be logged in

Business for sale in United Kingdom - Ab216-two family owned profitable ladies fashion outlets-worcester

Asking Price: 150,000 £ Real Estate: Lease
Sales Revenue: 328,000 £
Net Profit: 1 £
Year Established: 1998
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Worcestershire/Worcester

Business types:

Retail

Business categories:

Clothing & Accessory Stores ; Shoe Stores

Business description

this is an exciting opportunity to be able to acquire an established family run business, which has been trading in the ladies fashion arena for well over 15 years. The business specialises in the sale of a wide range of ladies fashions from clothing through to footwear and has become a household name in this well populated town centre. The business trades from 2 very well presented shops which have their own branding. The larger of the 2 shops has significantly more floor space, which is in the region of 2,000 sq ft across 2 floors. The sister shop is a more compact retail space and this shop tends to operate at the lower value end of the market to the other shop, hence they work very well hand in hand with each other. The current owners have always traded with these 2 units which are located within the same high footfall arcade. This has many advantages the most obvious being the flexibility of staff to cover both shops, the movement of stock etc and the ability to make the most of all the different styles and price ranges a buyer could want from one popular location.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: The current owners are approaching the age of retirement
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: There are 2 leases which are currently in place the first shop is held on the remainder of a 5 year lease with an annual rent of £19,000 + SC. The second shop is held on the reminder of a 10 year lease and the current annual rent is £8,000 + SC. Both leases are due for renewal in 2014. We are advised that it has been indicated that new owners may well be able to negotiate lower rents on new leases for both shops going forward. This would need to be verified by the landlords.
Location: The business trades from two very well presented shops. The first which is the larger of the two, offers an open plan sales area with counter and changing facilities to one end. This is then complimented by a second floor which again offers a variety of well merchandised ladies fashion lines. In addition to the retail areas there are stock, storage and WC facilities for the owners use. The sister shop is a more compact retail area with counter to one end. This again has been designed to make the most of the space which is on offer. We are advised that there is a further room to the next floor which is used for storage and staff facilities. There are 2 leases which are currently in place the first shop is held on the remainder of a 5 year lease with an annual rent of £19,000 + SC. The second shop is held on the reminder of a 10 year lease and the current annual rent is £8,000 + SC. Both leases are due for renewal in 2014. We are advised that it has been indicated that new owners may well be able to negotiate lower rents on new leases for both shops going forward. This would need to be verified by the landlords.

In order to contact the buyer/seller, you must be a registered user of the site and must be logged in