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Asking Price$195,643
Revenue$438,242 EstablishedUndisclosed
Cash Flow$39,128 Employees1 full, 1 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Designer Brand Name Clothing and Accessories Retailer for Men and Women
Ref.AB129
Location Northern Ireland
Asking price: £125,000 plus stock at valuation

Asking price includes:

Annual turnover circa £280,000 per annum

Wide range of top quality ‘Labels’
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 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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Facilities: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.
Competition: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.
Growth Potential: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.
Training/Support:Full support and training will be provided to the successful purchaser to ensure the smooth transition of ownership
Sale Reason:The vendor now wishes to enter into new business opportunities
Ad #50715
Seller Reference #AB129
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Turner Butler
0044 1895256000
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