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Well-established Retail Hat Shop In Oxford For Sale

Oxford, Oxfordshire, UK
Asking Price:
£19,500
Turnover:
£100,000
Net Profit:
Available on request

This is a rare opportunity to acquire a reputable retail hat shop located in the heart of central Oxford. Established in 1994, the business has been a cornerstone of the community, attracting a diverse customer base including the general public, tourists, students, and university academia. After 20 successful years of ownership, the vendor is offering the business for sale due to her relocation to the West Country, creating an excellent opportunity for a new owner to take the reins of this thriving establishment.

Key features:
- Established in 1994, with 20 years of successful trading under the current ownership.
- Prime central Oxford location, attracting a diverse range of customers.
- Extensive collection of hats and fascinators by top British designers.
- Customisation services for hats and handbags in over 100 colours.
- Fast and reliable tailor-made services.
- Well-regarded reputation with a loyal customer base.

Property Information

Property:

Leasehold

Lease Terms:

Current rent is £9,150 per annum

The incoming tenant is required to negotiate a new lease and have it granted by Oxford City Council simultaneously with the business sale.

Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Busy location in central Oxford

Premises Details:

The ground floor premises are fitted and equipped for the trade and comprise an easily managed and individual lock-up unit approximating 128 ft.² plus a useful stock room of 191 ft.²,

Size in square feet:
319

Business Operation

Reasons for selling:

Owner's retirement.

Years established:
30