Business for sale

Business description

The Business Partnership is pleased to offer for sale this well established ladies fashion retailer in the heart of Shrewsbury.

Stocking well known brands such as Miss 60 and Diesel the shop is aimed at the 18-40 year old market. By also stocking a range of independent labels our client offers variety and choice.

Turnover to March 07 was £62k and a focus on margins and overheads resulted in an increased profit of £9k to be shown.

Occupying a ground floor unit of 666 sq ft the business benefits from an office, store, kitchen and toilet as well as the sales area. The lease expires 2009 but there is a right to renew. Current rent is £13,700 p.a. with rates at £5,953 p.a. The shop is located within ‘The Bid’ area, aimed at re-generating the centre of Shrewsbury.

Whilst extensive plans have been made to promote and improve the business, the success of our client’s other business has severely hampered implementation. It has now been realised that the business must be sold to allow it to move forward. A new owner will be poised to benefit from these improvements.

Please ask for full details.



GENERAL INFORMATION

Years established: 9
Employees: none
Trading hours: Mon-Sat, 10am-5pm
Property: Leasehold

Lease terms
The lease expires 2009 but has a right to renew. Current rent is £13,700 p.a. with rates at £5,953 p.a. (under appeal)

Location
Prime high street location in the centre of Shrewsbury.

Expansion potential
A strategy of planned promotions and improvements has been drawn up ready for implementation by a new owner.

Competition / Market
The competition within the town has eased recently.

Support & training
A full handover will be agreed.

Reasons for selling
The success of our clients other business does not leave the time needed to drive this business forward.

Financing available
Yes, please ask for details.