Sold £98,000 - General Retail
This is a very well established concern which enjoys all the considerable commercial advantages of a fantastic and much sought-after trading position among other complementary outlets, on a busy street in Lichfield
Operating from extremely well fitted and presented parade showroom premises, the business currently primarily conducts a popular retail operation of an extensive selection of designer-led fashion wear for the discerning client and holds valuable dealerships for a number of well known selective brand labels , such as Barbour , Ugg , Ted Baker and Paul Smith to name a few …….. “The business” also stocks an excellent choice of associated handbags and accessories and would naturally furnish any enthusiastic purchaser with ample scope for continued growth, not least with regard to possible expansion to other areas of the highly diverse retail fashions and accessories market.
The business would also benefit by continuing to adopt the vigorous marketing policy of its excellent existing products, particularly with reference to even greater online advertising and sales, in order to improve upon the already very respectable levels of turnover and profitability it has achieved since being established some eleven years ago by the current proprietor.
The website and EPOS is fully integrated and supplied by UK leading EPOS provider Intelligent Retail. The current owner has decided to change the website to an informative site only as of September 2016 to display the new collections and provide useful information and guidance for customers and encourage them to come into store. The website can easily be converted back to transactional if required. The website is capable of generating 10 – 15% of turnover if given the time and expertise required
The customer database is used regularly for email and text marketing and hosts Name/Address/DOB/Mobile/Email of 4000 + local, national and International customers. (A Data Protection Policy disclosure will need signing before handing this over)
Sunday trading should also be considered, as the current owner has stated it has the potential of increasing the current turnover by at least another 10 % Financial Information Current annual retail takings are in the region of £352,250 with excellent gross and net profit
Lease The premises are being offered with the benefit of a existing lease with an expiry date of October 2018 , if preferred a new lease would also be given to a new owner if criteria is met .
The current rent stands at £22500 per annum Business Rates We are advised that the Business Rates payable currently stand at £11316 pa
PROPERTY DESCRIPTION Fitted and presented to high trade specifications throughout, these substantial and well maintained leasehold terraced parade premises provide excellent and highly functional internal business accommodation to the ground floor which briefly comprises an inviting glazed double-fronted public entrance with display window space on two sides directly off the thoroughfare into the main, bright, welcoming and deceptively spacious open-planned retail sales and customer service showroom area with feature flooring throughout for easy cleaning and full complement of inspection mirrors, which houses a full range of modern, high quality fixed and freestanding purpose-built display rails, shelving and furniture for a wide selection of designer-led fashion, handbags and accessories, in addition to a prominent, fully fitted display point-of-sale counter area with electronic epos till point and access to three adjoining changing rooms
Further ancillary business accommodation to the first floor consists of alteration work room , stock room ,office areas ,kitchen ,and wc facilities
Second Floor has the benefit of a Kitchen and wc facilities, storage and further office /studio accommodation
There is a fully fitted NSI approved Grade 2 alarm system with police response via DualCom communicator and a 16 channel internal & external CCTV system with 24hr recording
Externally To the front exterior the business premises are well signed and presented and afford ample and inviting double fronted display window space onto a busy thoroughfare.. To the rear there is a walled courtyard
Fixtures & Fittings The business is well fitted throughout and a valuable inventory of equipment will be made available for inspection -stock is not to be included in the sale price.
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please complete the form below or telephone 0121 452 5133/ 07775903332