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Retail Menswear Business In Devon For Sale

Devon, UK
Asking Price:
£100K - £200K
Turnover:
£300,000
Net Profit:
£50K - £100K

With almost 50 years of trading history, this well-established company is a niche retail business specialising in high-quality men's clothing. Located on a sought-after high street in the South West, near high-end hotels, the business appeals to a range of customers.

Key Highlights:

- Turn-Key Opportunity: Sale includes all shop fixtures, fittings, brand name, and supplier contacts.

- Great Reputation: The shop is highly regarded amongst locals and returning hotel guests due to the staff's premium customer service and in-depth product knowledge.

- Broad Supplier Network: Strong relationships with multiple suppliers ensure minimal reliance on any single source. Favourable payment terms ranging from 30 to 60 days further enhances cash flow management.

- Location Advantage: Central, highly sought-after location on a highstreet, attracting both local residents and visitors.

Property Information

Property:

Leasehold

Lease Terms:

The lease is due to expire in 2028, with no break clause before this date.

Leasehold Rent:

£21,000 per annum

Location:

Located on the bustling local high street, near high-end hotels, and amidst an affluent, older demographic.

Premises Details:

750 sq feet of floor space including a spacious shop front in good condition, and an office area to carry out admin tasks.

Business Operation

Competition / Market:

With an outstanding reputation for excellent customer service and niche product offerings, the business has no direct competitors in the local area. It has a loyal customer base comprising both locals and regular visitors from nearby high-end hotels.

Expansion opportunities include diversifying into hire wear and adding an e-commerce element to the website.

Reasons for selling:

The current owners are looking to retire and wish to pass on this profitable and well-established business to someone with an interest in menswear, and a desire to elevate it to the next level.

Trading hours:

Mon - Sat: 10am - 5pm

Years established:
48

Other Information

Support & training:

To ensure a smooth transition, the owners are willing to provide support during a handover period.