Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Two Established Family Owned Profitable Ladies Fashion Outlets
LISTING DETAILS
Firms For Sale ID:
33165
Vendor reference:
AB216
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£150,000
Turnover / revenue:
£328,000
Net profit / cashflow:
Undisclosed
Years established:
15
Employees / staffing:
There are a combination of numerous employees within the business these comprise the owner or his wife and then a variety of part time members of staff. Further information on this will be provided to interested parties.
OTHER DETAILS
Reason for selling:
The current owners are approaching the age of retirement and now feel that the time is right to explore an exit strategy for this established growing concern.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Two Established Family Owned Profitable Ladies Fashion Outlets
2 stores stocking an impressive range of ladies clothing/footwear and accessories
Ref.AB216
Location Worcester Prominent Arcade Positions
Asking Price: GBP150,000 + SAV
Profits risen in 2013
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.
Expansion Potential
The current owners are now looking to retire but they also feel that the market for a business with such a strong reputation is very healthy. The business does have a fully operational website but by the owners admission this has not been given the attention that it deserves and this would undoubtedly be a very profitable avenue for new owners to explore.