North London Ladies Fashion Shop For Sale

Business description

Destination location in N. London attractring trade to this well known fashion street. Both retail and wholesale trade. Very profitable business. Adv T/o c£300,000 pa. Corner site. Rent £27,000 pa.

Property information

Property:

Leasehold

Location:

Location
Corner site of an arcade in North London close to Finsbury Park. Well known fashion destination attracting trade from both within and outside the district.
Business
Ladies Dress Shop selling mainly formal wear as well as day wear operating in both the retail and wholesale trade. Business split approx. 40% wholesale and 60% retail.

This type of business has been established on the site for many years but has only been run by the current owner for a short while. Reason for sale due to ill health and other business commitments.

Advised turnover c£300,000 per annum working on an average gross profit in the region of 55%.

" Wholesale 40% gross profit
" Retail 100% gross profit
" Stock Approx. £20,000.

Hours
Monday to Friday 10am - 5.30 pm.
Saturday 9.15am - 6.30 pm. Closed Sunday.
Staff
Family run.
License
A1
Premises
The property consists of a large corner site, full glass frontage, ground floor lock up shop well fitted with low level lighting, air conditioning and wood flooring.

Retail area well stocked with goods on racks/rails throughout the shop.
Kitchen, wc/whb, and small stockroom to the rear of the premises.
Internal stairs lead to a mezzanine flooring accommodating another stock room.

Fixtures, Fittings and Equipment
A full inventory of fixtures, fittings and equipment can be provided to prospective purchasers.

Tenure
Lease expires 2015. Rent £27,000 per annum, payable monthly in advance. Rates c£13,100 pa.(Under appeal with expected reduction)