Very Large North West City Schoolwear Shop For Sale

Business description

The largest school uniform shop in this North West City. Long-established with excellent reputation, now for sale due to retirement. Turnover in excess of £900K (and increasing) with net profit appx. £150K. Excellent high-profile and busy location, operating from large, well equipped premises. New lease at £48K p.a or freehold available. Very low rates. Offered at only £295,000 & s.a.v. (well below agents' valuations). Confidential sale direct from owner.

Property information

Property:

Leasehold

Lease terms:

New lease available on shop at £48,000 p.a. Separate warehouse and embroidery facility available at £14,000 p.a. Very low rates.

Leasehold rent:

£48,000 per annum

Living accommodation:

Luxury apartment available if required at extra cost, rented or freehold.

Location:

City Centre location but with the benefit of very low rates and very reasonable rent.

Premises details:

Very large premises and ancillary stock rooms extending to appx 8000 sq ft
Further large warehouse and embroidery facility available if required at low rent of £14,000 or freehold.

Size in square feet:

8000 sq ft.

Other information

Expansion potential:

Can easily expand the embroidery side of the business, and there is huge scope to take on more schools.

Competition / Market:

Well-established links to most of the schools in the area built up over many years .

Support & training:

One month full-time support and introductions offered.

Reasons for selling:

Retirement.

Trading hours:

6 days 9.30 - 5 pm.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Some financing of stock available from owner at competititive rate of interest.

Furniture / Fixtures value:

£30,000 (included in the asking price)