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Long Standing Formal Men's Suit Hire Business Wakefield, West Yorkshire For Sale

Wakefield, West Yorkshire, UK
Asking Price:
£35,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
On request

With over 13 years of trading history this profitable Family Business is now being offered for sale due to intended retirement of the owners.

This independent business specialises in suit hire for men and boys for special occasions such as weddings.

The business is sold with a large range of samples (approx. 1,000 garments) which can be hired directly to the customer for various events such as:

  • Evening wear
  • Wedding attire
  • Royal Ascot
  • Everyday suits
  • Proms
  • Funerals
  • Cruises

Stock in store is included in the sale price and consists of Tailcoats, Short Jackets, Waistcoats, Trousers, Neckwear and shirts.

The business currently operates on an ‘Appointment Only' basis, however in the past, open six days a week to include retail sales as there is ample space within the store to do this in addition to the hire wear service.

The business comes with an excellent website and social media page showcasing the products and services available, appointment booking system and contact information.

During peak wedding season, the business regularly caters for 6 or more weddings each weekend, although there is scope to do more depending on new owners availability and capacity to do so.

The store is presented to an extremely high standard over two floors with ample space for fitting rooms and has it's own stand alone stock room. It also has kitchen facilities including washing machine, tumble dryer, steam iron and board, microwave and other small appliances. Toilet facilities are also on the first floor for use by staff and customers alike. The ‘Turn key’ opportunity will allow any new owner the ability to walk straight in and continue trading. The business is sold with a forward order book and draws customers throughout Yorkshire.

It is located on a main High Street within the Wakefield district within a popular and bustling town centre.

All fixtures and fittings shown within the photos are included, with the exception of laptop computers.

The business currently has a number of suppliers which can be transferred if required. Further information can be supplied to potential buyers on request.

Property Information

Property:

Leasehold

Lease Terms:

A brand new lease to be agreed with the Landlord. Leasehold rent is subject to VAT at 20%.Re

Leasehold Rent:

£12,000 per annum

Location:

Prime High Street in a popular Wakefield town.

Premises Details:

Two storey detached building with kitchenette and bathroom facilities

Size in square feet:
2,443
Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The spacious business premises has potential to add further to it's retail and hire wear ranges.

Reasons for selling:

Retirement

Employees:
0
Years established:
13

Other Information

Support & training:

Current owner will be available for hand over of business and introduce new owner to key suppliers. Any existing order book will also be passed over at no additional cost to the buyer.

Relocatable:
This business can be relocated.