CoGoGo is delighted to present to the market Suits (Newbury), an exceptionally presented formal menswear business.
Suits (Newbury) comes with over 20 years of trading history and is now being offered for sale to allow our client to concentrate on his other business interests.
Suits (Newbury) is an independent business specialising in Wedding suit hire.
There is a comprehensive
retail
and
hire
stock available on site, for hire or purchase -
Evening wear
Wedding attire
Royal Ascot
Highland wear
Everyday suits
Proms
Made to measure
The stock is regularly updated with both classic and modern formal wear as well as an extensive range of accessories -
Waistcoats
Ties
Neckwear
Hats
Footwear
Cufflinks
The current book stock value, as per the accounts, is:
Hire stock - £42,000
Retail stock - £18,000
Total stock value - £60,000
The hire stock predominantly consists of Torre suits and Heirloom waistcoats. The business has also aligned and worked with Peter Posh for fill-in requirements.
The business is open six days a week and currently operates an ‘Appointment Only policy to allow space for social distancing.
There is both an excellent website and Facebook page available detailing the comprehensive choice of clothing/accessories which allows new customers to see the ranges before making an appointment.
We are advised that throughout peak wedding seasons, the business regularly caters for 6-10 weddings each weekend, and up to 17 weddings on bank holidays.
The business is currently split 70% hire and 30% retail sales.
As you can see from the business photographs attached, the store is presented to an extremely high standard. The ‘turnkey’ opportunity will allow any new owner the ability to walk straight in and continue trading.
Key selling points -
Only business of this type/standard available to purchase
Weddings set to boom this year
Very well respected in the industry sector
Broad range of exceptionally maintained stock
Up-to-date Facebook page with lots of images
Business handover period offered
Further growth opportunity
Very desirable location & trading unit
There is significant room within the building to accommodate a secondary or complementary business, presenting further growth potential. Possible opportunities include:
Corporate clothing
Bridal
Seamstress/alterations service
All racking, mannequins and associated fixtures and fittings would be included within the sale.
Very rarely do businesses of this type, standard or location come on to the open market and we therefore highly recommend early viewing to avoid any disappointment.
Financial Profile
Further financial information can be made available upon request.
