Attractive Ladies Fashion Boutique in Dawlish

Dawlish, Devon
REF: 02884

Asking Price:
£8,000
Annual Turnover:
£40,000
Annual Net Profit:
£15,000
Reduced
Recently Sold
REF: 02884
Photo of Attractive Ladies Fashion Boutique in Dawlish
Photo of Attractive Ladies Fashion Boutique in Dawlish
Photo of Attractive Ladies Fashion Boutique in Dawlish
Photo of Attractive Ladies Fashion Boutique in Dawlish

Overview

Tenure:
Leasehold
Established:
2011
  • High profit margins.
  • One years rent free.
  • Popular, attractive tourist location.
  • Recently refurbished premises with great kerb appeal.
  • Attractively priced.

This popular and profitable shop in Dawlish, Devon offers an almost unique opportunity to enjoy all of the positives of getting into the fashion business, with none of the drawbacks.

An established business with high footfall, massive profit margins and no rent or rates for the first year. It is an ideal, easily run entry level business with a low price tag and plenty of returns in the short term.

What is more, the shop has a riverside location in the centre of a popular seaside resort meaning plenty of passing trade.

The first thing you should know before buying this business is that two of your biggest expenses, your rent and rates, will be free for three years after purchase, giving you time to get the ball rolling. This shouldn't be hard at the head of a business with a brilliant profit margin thanks to its ideal location and attractive selection of boutique ladies wear on sale.

Tourists and locals alike are regularly drawn in by the riverside location and appealing frontage. A large front display window gives the future owner the opportunity to advertise on their own terms in a big way.
Once they've stepped into the shop itself they are urged to stay and shop thanks to the ambience and decor in the newly refurbished shop. This is why the 450 square feet of sales space is often filled with customers looking for the best in modern ladies clothing.

The shop comes with a fitting room for customers, a stock room, and access to a courtyard garden.

Intelligent Business Transfer are delighted to offer for sale this outstanding ladies' fashion boutique in the lovely holiday town of Dawlish. The size of the opportunity on offer here shouldn't be underestimated: Not only is this a brilliant entry level business, but the owner is offering the first three years of rent and rates pre-paid as part of the sale, allowing the future owner to make a great start and set their own foundations.

Because of the premium quality of the clothes and the popularity of the location, gross profit margins are extraordinarily high for such a cheap and easily manageable business. Add this to the free rent and rates that the buyer will be enjoying for three years and the result is an incredibly attractive business proposition. This introduces an unmatched degree of flexibility into the purchase: If the new owner wants to change the focus or management of the business, they have plenty of scope and financial stability to do it in these first years without worrying about the costs involved. On the other hand, there's the opportunity to sit back and enjoy the money rolling in.

The popularity of the business among tourists and locals means that new suppliers and product lines should take off easily. The current owner doesn't have the time to really maximise the business's potential so they would like to find someone who can.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
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Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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