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Unrivalled Tailors With 40% Contract Work For Sale

Bromley, United Kingdom
Asking Price:
£299,950
Turnover:
£231,555
Net Profit:
Available on request

Business
Hilton Smythe are delighted to present to the market Tailor Arif, established by our client in 2002 and now offered to the market due to his wish to retire.

The business offers an unrivalled tailoring service which includes making bespoke suits, carrying out general garment repairs and alterations.

Currently the business is split between 60% walk in customers and 40% contract customers. Walk in customers include many professionals and families whilst the contract work includes relationships with high street names such as M&S, Next and Moss bros.

The business premises have been extended over recent years and includes a very spacious 3-bedroom accommodation to the first and second floors, with extremely low rent for the complete building lease.

Full handover period offered.

Location
Tailor Arif occupies a commanding corner trading position on the desirable and much sought-after Chatterton Road, Bromley, Kent.

There is free parking directly outside and limited free parking in the neighbouring residential streets.

The business sits alongside a busy parade of local shops which is both popular with the local residents and people working in the area.

Chatterton Street connects directly onto Bromley Common then Masons Hill into the centre of Bromley town centre. The business is directly behind London South East College, Bromley Football Club and Princess Royal Hospital.

Nearest mainline stations leading into central London are Bromley South and Bickley. The fast train from Bromley now only takes 20 minutes.

The nearby A21 connects drivers to the M25 motorway.

Bromley is a thriving town bordering south east London and Kent, approximately 11 miles south east of central London.

Premises
Equipment included valued at circa £60,000.
2 x delivery vans included valued at circa £25,000.

Ground floor –

Customer waiting area and service desk with card machine and till point, open plan work room with storage to both sides.

Rear workroom and storage, plus a third workroom, office and staff kitchen.

Equipment included -

4 Sewing machines (3 computerised, 1 normal)
3 Overlocking machine (2 of the 4 thread, and 1 x 5 thread)
1 Finishing table (press iron)
1 Square table (press iron)
2 Button hole machine
1 Button sewer machine
2 Blind stitch machine (felling)
1 Superlock machine
1 Leather sewing machine
1 Fur sewing machine
1 Cover stitch machine
2 pressing table
3 alteration tables

First floor –

Double bedroom, family bathroom and living room.

Second floor –

Two further double bedrooms.

Tenure
Fully renewable long-lease.

Original lease length 25 years.
8 years remaining as of 2017.
Rent £11,000 per year.

Hours
Monday to Saturday: 8am – 6pm
Sunday: closed

Staff
The business is run by the owner, with help from daughter, 4 full time and 2 part time members of staff.

Financial Profile
2016 accounts show a turnover of circa, £231,000; with a gross profit of 92%.

Assets valued at circa £100,000.

Property information

Property:

Leasehold

Contact Information

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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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