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AB188-Exclusive Ladies Fashion Retailer in Affluent Area

Asking Price: GBP 120000
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Business Location: United Kingdom » City of London » North West London 
Category: Retail » Clothing & Accessory Stores
Description:
Exclusive Ladies Fashion Retailer in Affluent Area
with 35 Years of Successful Trading History
Confidentially offered for sale
Ref No: AB188
Location: North West London
Leasehold
Asking price: £120,000

The owner of this ladies fashion retailer established the shop as his first venture in 1975. Since that time he grew his business to include a number of fashion retail outlets across London and the South East, including a number of shops under a French Franchise agreement. Over the years, he has successfully sold this other businesses, but always held on to this first enterprise, having a special affinity for the shop. As retirement is approaching, and he has decided to re-loacte abroad, he is now looking to handover this very successful and well respected business to new owners.

The business has always had a particular focus on Italian fashion, and suppling the higher end and more discering end of the market. Along with importing a wide range of ladies clothes, handbags and shoes, the business has held exclusive sales rights for a number of years with key Italian, French and American fashion brands, including some high profile names. With some of these brands being highly sought after, and the shop being one of only a handful of outlets in the UK, the business enjoys not only a healthy stream of regular customers from the local affluent area, but also those traveling to this prominent high street from further a field looking for specific brands and a day out shopping and pampering on a prominent independent high street.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
177000
Net Profit: (GBP)
Total profit before taxes
60000
General Information:  
Business Area: na
Year Established: 1975
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 8
No of trading hours: Monday – Saturday: 9:30 am – 5:30 pm Sunday: 10:00 am – 2:00 pm
Reasons for selling:
After many successful years in the trade, and building a healthy business, the vendor is looking to retire abroad with his partner.
Market competition and expansion:
The business has a high visible presence on a busy high-street with prominent signage and a unique well-known name. Over the decades, the owner has conducted occasional advertising campaigns in the local press. Customers who have their details on the company’s database receive regular promotions via telephone calls and text messages. The business could utilise a web presence, especially with the exclusive products which are stocked, so that customers can find the shop easily and also potentially order on-line. A defined on-line marketing strategy would also allow for targeted e-mail campaigns. The company has grown organically over the years from passing trade and high levels of recommendation.
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