Summary
- Asking price:
-
£35,000
- Sales revenue:
- £80,929
- Net profit:
- < £100k
- Years established:
- 6 (Established 2002)
- Employees:
- 0
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
Business description
PROFITABLE & GLAMOROUS 'BUSINESS & WEBSITE FOR SALE'
Always dreamed of running your own fashion business & website?
Dont want the hassel of setting everything up and sourcing all those suppliers , start up stock, & fittings?
Fancy just stepping straight into a business and making money on your first day?
**** PRICE NEGOTIABLE *****
**** AS MOVING ABROAD *****
BUSINESS FOR SALE
Going Concern & Genuine Reason for Sale
Currently Trading as 'Vanilla' Business established 2002
35-36 Strand Street, Whitehaven, Cumbria
Offers include Goodwill
(stock & fixtures / fittings to be negotiated approx holding £12K stock)
This business can be re-located - so you can start trading from wherever you are! Although it has a lease running for another 18 months in it's current location - this would be if the interested party wanted to move to Cumbria (Whitehaven) - if not you can continue trading under the name and move stock, fixtures & fittings including website to anywhere in the UK. The lease can be extended for 3,5,8,10 years if buyer would like to remain in current premesis.
VIEWINGS RECOMENDED
Property information
- Property:
- Leasehold
- Lease terms:
- The lease runs until 2010 in the current premesis, however this lease can be extended if you wish for up to a further 10-15 years. This business can be bought without the lease if you wish to relocate to another part of the UK. Can be done with ease over night if need be.
- Location:
- Based on the western edge of the Lake District in Cumbria. Whitehaven is a thriving busy town which is under extensive re-development over the next 4 years. The Vanilla Boutique & online business is situated on a busy side street very close to the main hub of the town with a 1 min easy walking access from various promenade and harbourside attractions
Other information
- Expansion potential:
- ABOUT VANILLA
The business has been established for nearly 6 years and has developed in to a highly successful fashion retail outlet. There is a mix of Contemporary and Designer clothing aimed at an age group with disposable income, that require high quality fashion from lots of different occasions from Weddings to Christenings, Cruises to Holidays, Casual Wear to Smart Dress and even to supplying made to measure corsetry for the 'Girls Night Out' or for bridal underwear.
Vanilla has a most desirable shop frontage with excellent display windows and room for 5 mannequins. There is ample space as you would expect from a boutique with real pine wooden varnished flooring and 2 curtained changing areas. There is luxurious seating for visitors and weary shoppers with a well positioned Leather Chesterfield Couch and Fashion TV on tap..
There is a mix of regular customers that return time and time again as well as new customers each week and web-based customers.
The business is being sold as a going concern. All fixtures and fittings will be sold with the business, stock can be negotiated - so what you see is what you will get! It is just ready for the next new owner to step straight into.
There are 3 levels to the building all accessible by a traditional spiral staircase. The business has only operated transactions from the ground floor since the start, but the new owner may wish to expand onto the upper 2 floors. Many ideas such as 'menswear', 'childrens-wear' and / or 'Beauty' Salon may indeed be options if required. Planning permission for 'retail' has been granted for all 3 levels. Any plans for expansion would obviously be subject to agreement from the Landlord.
The boutique currently stocks over 30 different brands of clothing and each buying season realizes new, exciting and profitable brands and fashions. The buying experience is truly the fun part of running your own fashion business and it is even more rewarding when you can see that your customers enjoy what you buy too. Guidance, advice and even shadowing on this aspect will be given to the buyer if required.
The buying seasons tend to be split into predominantly twice per year with in-season buying depending upon your budget and demand. All advice and questions on this can be given at time of viewing. The business has built up a good supportive working relationship with all it's suppliers. All information and contacts will be handed over with the business sale as smoothly as possible.
Overheads are low on this business which means that profits can be maximized especially if the shop were to trade on a 7 day week. Currently trade a 4.5 day week with a half day taken on a Monday and a full day taken on a Sunday and Wednesday.
WEBSITE: www.corsets-lingerie.co.uk
The last 2 years has seen the highest levels of online trading and in order to keep up with the world wide web, Vanilla went online after only one year into trading. The website has a capacity to hold 500 separate pages and currently sells everything that you can also see in store. Approx 25% per year of trade comes through from website sales. Its always nice to come to work and already have sales waiting for you.
WEBSITE HOSTING : £399.00 Per Annum This is to the Cumbria Business Portal (Artemis Media) who set this site up.
(Set up costs not included—approx £12K. This website is my most valuable member of staff—full training can be provided.
There is a massive potential for this business for both the retail side and also the website.
- Competition / Market:
- No major threats within the town and / or neighbouring towns. This little business is a gem in this town with over 75% of business walking through the door from locals and also from tourists visiting the area. Literally opposite the boutique is the start of the Coast to Coast Cycle Route.
- Support & training:
- The owner and the website team are willing to provide up to 2 weeks training (more if needed) if the owner is looking to move to Whitehaven. If the business is to be relocated all hands will be on deck !
- Reasons for selling:
- Wanting to move and travel abroad
- Trading hours:
- Normal Times are 10am - 5pm 4.5 day week
- Furniture / Fixtures value:
- £16,787
- Inventory / Stock value:
- £12,000
- Website:
-
www.corsets-lingerie.co.uk
- Related documents:
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