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8545CV WARWICKSHIRE L\H£49000 MENSWEAR RETAILIER
Asking Price:
GBP 49000
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Business Location:
United Kingdom » Warwickshire » WARWICKSHIRE
Category:
Retail
»
Clothing & Accessory Stores
Description:
THE BUSINESS
Advent Business Sales is pleased to have
been instructed to offer for sale this
extremely well established and high quality
men’s wear retailer.
The business, which was established in 1974
by our clients, is only now being offered to
the market as they wish to retire.
Whilst specialising in ready made suits, it
also has extensive stocks of dress and casual
wear including:
Shirts
Shoes
Socks
Ties, belts and underwear
Overcoats
Knitwear
Trousers and jackets
Cufflinks
The business has a very loyal customer base
of approximately 1600, who receive regular
updates and offers throughout the year, as
well as having a very high footfall from
passing trade as it is situated on probably
the most sought after shopping parade in the
county.
The business prides itself on the personal
service and has a deserved reputation as the
premier supplier of men’s formal and casual
wear in the city of Coventry.
An early viewing of this high quality
business opportunity is highly recommended.
STAFF DETAILS
2 full time staff
TRADING HOURS
Mon – Sat: 9.00am – 5.30pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £260,847
Gross Profit: £142.279
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
This very large store is virtually 2 shops
combined into one.
Entry to the store is via the ‘casual side’ of
the business, extensive hanging rails with
display garments are around the side walls,
centre gantry’s (3), shoe racks, 2 changing
booths, w/c and stores.
Open archway into second sales room which
is fully stocked and displayed around the
store walls on hanging rails, 3 centre
gantry’s, stores and 2 changing booths.
There is very good quality laminate flooring
throughout the store, allocated and secure
gated parking to the rear and electrically
operated roller shutters to the front.
TENURE: Leasehold
LEASE: 10 years
TERM REMAINING: 5 years
REVIEW EVERY: 5 Years
RENT: £20,000.
We are advised that the annual business
rates are currently: £5,500
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Financial Information:
Annual gross sales: (GBP)
260847
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
1974
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Number of Employees
:
2FT
No of trading hours:
Mon – Sat: 9.00am – 5.30pm
Reasons for selling:
only now being offered to the market as they wish to retire.
Contact Seller Now
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