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For sale – Offers in the region of £ 75,000 (plus stock at cost).
Imagine yourself as the owner of this prestigious business:
• Seasonal collections of Clothing and Accessories
• Successfully run for 13 years
• Large premises split into ground floor and basement
• T/O c. £ 300k
• 5 years left on the lease
• Stock sold at cost – average value c. £ 65/70k
• Highly valuable customer base
• Use class A1
This is an outstandingly well-run business, in a prominent location close to the regenerated and very upmarket Spitalfields Market.
The owners want to re-direct their energies elsewhere after having successfully run the business for 13 years, building this highly regarded gem with a very strong brand and appreciation from customers. A full handover program will be available to the new owner.
Revenues last year were c. £300k with discretionary earnings of £ 26.7k. GP margins are high for the sector. The business has also a strong online presence where, thanks to recent improvements to the website, online sales have been growing exponentially.
The business, which has recently been relocated to a newly refurbished unit about 50 meters away from the previous site, has 5 years left to run on the lease. The premises include a ground floor with a small garden at the back and a large basement (used for storage and preparation).
The collections of clothing and accessories are accurately selected and purchased by the owner and renewed seasonally. Stock typically covers 6 months of trading and will be sold separately at cost – normally £ 65/70k.
City/Shoreditch fringe, London.
If you can imagine yourself owning and leading this fabulous business, then please enquire immediately. We are searching for a discerning buyer who will appreciate what has been built to date and who has a vision for the business.
For further information and an in-depth conversation
Contact Mark Devonshire at TBA - London City Group Limited
City Tower, 40 Basinghall St, London, EC2V 5DE:
Monday - Friday: 10.30 - 18.30, Saturday 12.00 - 18.00
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