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AB129-Designer Brand Name Clothing and Accessories Retailer for Men and Women

Asking Price: GBP 125000
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Business Location: United Kingdom » Relocatable » Northern Ireland 
Category: Retail » Clothing & Accessory Stores
Description:
Designer Brand Name Clothing and Accessories Retailer for Men and Women
Ref.AB129
Location Northern Ireland
Asking Price £125,000 plus stock at valuation

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.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
280000
Net Profit: (GBP)
Total profit before taxes
25000
General Information:  
Business Area: N.A.
Year Established: 2000
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Saturday: 9:00am - 5.30pm
Reasons for selling:
The vendor now wishes to enter into new business opportunities.
Market competition and expansion:
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.
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