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Established Menswear Retailer In Ilminster For Sale

Ilminster, Somerset, UK
Asking Price:
£79,999
Turnover:
£135,000
Net Profit:
Available on request

• Long established Menswear retailer
• Stocks a wide range of clothing for all ages and pockets
• Well-presented throughout
• Located in sought after Somerset town
• Healthy turnover and profits with scope to improve
• Excellent local reputation for first class service
• 3 bedroom flat
• Desirable town centre trading position
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this extremely well-presented Menswear Retailer which occupies a prime trading position on one of the main shopping streets in this popular Somerset town. Harrimans has been serving the local area since 1910, being established at this site for over 50 years, and has been under the proud ownership of our clients since 1997. It is now reluctantly being placed on the market as the owner wishes to retire.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.

This well presented turnkey retail business enjoys a central town centre trading position on a busy shopping street with good pedestrian flow. Shoppers are attracted to the area by the range of independent and multiple owned businesses on offer. This rarely available opportunity has established itself as the area’s premier retailer of a wide variety of men’s clothing as well as offering Dinner suit and wedding hire along with alterations. This is largely due to the professional way the business is run with excellent presentation along with knowledgeable and friendly staff.

Property Information

Property:

Leasehold

Lease Terms:

The business is offered for sale on a leasehold basis. The current lease is for a period of 15 years and has 3 years remaining

Leasehold Rent:

£9,000 per annum

Location:

Highly visible trading spot on the main shopping street in Ilminster, Somerset

Premises Details:

Substantial leasehold building, benefiting from being in a highly visible position on the main road that runs through Ilminster.
The premises are fitted and presented to create highly functional internal business accommodation with a good size 3 bedroom flat above which is let out to provide additional income.
The premises briefly comprise:

Retail Space

Ground Floor
• Main sales area
• Second sales area
• Office/ Store with customer changing room
• Toilet

First Floor
• 2 store rooms

Flat
First Floor
• Kitchen
• Double bedroom
• Lounge

Second Floor
• Bathroom
• Double bedroom
• Double bedroom

External
• Rear garden

Business Operation

Trading hours:

• 9.00am – 5.30pm Monday, Tuesday, Wednesday & Friday
• 9.00am – 2.00pm Thursday
• 9.00am – 5.00pm Saturday
• Closed Sunday and Bank Holidays

Employees:
The business is run by the proprietor with help from a dedicated team of part time staff who work on an agreed rota basis.

Contact Falcon Commercial

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