Mens Casualwear Shop In Derbyshire For Sale

Business description

Beautifully presented, predominantly Menswear, but with opportunity to extend the Ladieswear range. Long established with regular clientele generating healthy sales and profits. New lease by negotiation.

Property information

Property:

Leasehold

Location:

LOCATION:
The premises are located in Swadlincote, the main town in the district of South Derbyshire, lying between Burton on Trent in the west and Ashby de la Zouch in the east. It is a vibrant modern, town located at the heart of the National Forest. The shop is situated in the centre of the town and is surrounded by other retail outlets.

BUSINESS:
The business has been established for over 40 years and sells predominantly men's branded casual wear with names such as Firetrap, Henleys, Lyle and Scott and French Connection. There is a limited selection of ladies wear which could be extended should the incoming owners wish to do so. Both ranges are currently located on the ground floor of the building with a separate formal clothing hire business on the first floor. The hire business is not for sale but may be relocated to alternative premises; releasing additional retail space on the first floor for the new owners should they wish to take it. This is a destination shop with a loyal clientele and a strong, local customer base. From information supplied by the Vendor we understand turnover is in the region of £150,000 per year, generating a net, adjusted profit of £55,000 per year.

BUSINESS PREMISES:
The property has an attractive shop front with large display windows to either side of the entrance. The retail area is beautifully presented with wooden floors and high quality merchandise displays. The stock is attractively displayed and allows the customers to browse comfortably throughout the store.
TENURE:
This is a leasehold opportunity and we are advised that the annual rent is £15,500 + service charge. A new lease is available by negotiation.

RATES:
The rateable value of the business premises is £16,000, with rates of £4,100 payable in 2008/9.

HOURS:
Monday to Saturday 9.00am to 5.30pm.

STAFF:
The owner operates the business with the assistance of 1 part-time member of staff.

STOCK:
The vendor informs us that the value of the stock is approximately £20,000 to £25,000.

GUIDE PRICE:
The vendors are seeking OIRO £55,000 plus stock at valuation, for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory.