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Under Offer Quality Clothing Alterations Business, Paisley For Sale

Paisley, Renfrewshire, UK
Freehold Price:
£89,000
Leasehold:
£29,000
Turnover:
Available on request
Net Profit:
Available on request

The Business Sales Agency are delighted of offer this excellent opportunity to acquire this well established freehold clothing alterations and hat hire business which has been under the same ownership for the last 20 years.

Specialising in the fitting and alteration of wedding dresses, general ladies and gents clothing together with the hire of special occasion hats this is a consistently profitable high margin business with an excellent reputation.

Spacious 64m2 (676sqft) premises in the heart of Paisley which have been fully modernised and with central heating throughout.

Type of business:

This well established and consistently profitable clothing alterations and hat hire business is only offered for sale due to the current owners wish to retire after successfully running the business for over 20 years.

Working with many local bridal boutiques they carry out high quality alterations to wedding dresses, ladies and gents outfits and general clothing.

The business has a full range of commercial equipment to allow it to carry out a wide range of repairs to a professional standard.

To complement its bridal wear alterations the business also has a range of 250 hats which it hires to ladies attending weddings and similar events.

Financial information:

This alterations and hat hire business is a high margin business with excellent gross and net profit margins but the owner keeps the turnover below the VAT threshold.

The sale price includes the property, all equipment, fixtures and fittings. The stock of hats for hire is around £5,000 and the stock of fabrics, haberdashery, etc is a similar amount.

Further financial information can be made available to serious interested parties after viewing.

Staff:

It is run by the owner and 2 staff each working approximately 30 hours per week.

Opening hours:

9am-5pm Mon to Fri, 9am-12.30pm Sat.

Premises:

The premises are a spacious double fronted unit on Lawn Street which runs between Incle Street, the A726, which is the main route round Paisley town centre and Gauze Street. The Lawn Street Pay & Display car park is right next to the shop and provides amply cheap parking.

At 64m2 (676sqft) this ground floor double fronted unit has been extensively modernized with full central heating, new kitchen and staff toilet. The shop comprises a bright spacious front counter and work area, large cutting room, generously sized fitting room, kitchen and toilet.

Tenure:

Freehold. The freehold ownership of this ground floor modernized shop is included in the sale price.

Option to lease at rent of £7,000 per annum.

Rateable value only £5,000 so no rates are payable.

Property Information

Property:

Available as freehold and leasehold

Other Information

Related Documents:
Leasehold asking price:
£29,000

Contact The Business Sales Agency

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