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Successful Sewing & Fabrics Business, Eastbourne, East Sussex For Sale

Eastbourne, East Sussex
Asking Price:
£69,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

Charming shop premises with high ceilings and large picture windows, etc set in sought-after area of Eastbourne, selling sewing & fabric related craft items, patterns & also sewing machines, etc. T/O £190,000+pa with good profit. Many regular clients, Members Club, classes and event days bring extra biz. Renewable lease, rent £12,300pa inc VAT. Great business with lots more scope to expand further, if desired.

Property information

Property:

Leasehold

Lease Terms:

We understand that the premises are held on a secure renewable 6year lease with a tenant only breakclause option at 3years and approximately 5years remaining of the current term and a combined rent of £3,075 inc Vat per quarter/£12,300per annum including Vat.

The current Business Rates payable are approximately £zero per annum due to Small Business Rate Relief.

Leasehold Rent:

£12,300 per annum

Location:

This well established & regarded business is located in a parade of shops in what is considered to be in a desirable area of this busy prosperous seaside town in East Sussex.

The trading location attracts a number of other specialist businesses including a well known artists gallery, a vegetarian bistro, photographic studio and high class deli, and also provides easy on road parking for customers, many of whom travel many miles to visit this particular destination shop.

Premises Details:

The business occupies two adjoining attractive character lock-up shop properties with high ceilings and stripped wood flooring. Both shops, which have been joined as one large unit, have very large picture windows to the front with etched and stained glass panels, which are also sign written and have further name boards above.

Inside the shop is very attractively and comprehensively fitted with a very wide range of shelving and fitted cupboard/units that provide ample shelving to display fabrics and other sewing & haberdashery requirements.

In one of the shop units is a very large central workspace/desk on which there are 8 sewing machines and around which are 8 chairs, and this area is used for the sewing classes and sewing machine demonstrations as the business is a successful agent and holds the local dealer rights to retail the range of Brother Sewing. The rest of the premises are given over to the retail display of products, patterns, ideas and fabrics, etc.

Energy Performance Rating:
G

Business Operation

Reasons for selling:

Sale due to the owners impending family relocation abroad.

Trading hours:

The shop trades from 9.30am to 5pm Monday to Saturday but there is also additional scope to open on Sundays, if desired.

Employees:
The business is run by the owner with the help of a part-time member of staff and a self-ermployed teacher who helps cover the classes.
Years established:
7

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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