Clothing Alterations and Tailoring business

Chorley, Lancashire
REF: 01216

Asking Price:
£24,950
Annual Turnover:
£53,000
Annual Net Profit:
£30,000
Recently Sold
REF: 01216
Photo of Clothing Alterations and Tailoring business
Photo of Clothing Alterations and Tailoring business
Photo of Clothing Alterations and Tailoring business

Overview

Tenure:
Leasehold
Established:
2012
  • EST: 2+ years
  • Superb Reputation
  • AT: £53,000
  • Viewing essential

A strong opportunity to purchase a business that has grown significantly during a small amount of time, the business fills a gap in the local market for the alteration and tailoring of a full range of clothing.

The business trades from a good sized lock up unit that occupies the ground floor of a central retail parade. The position is extremely accessible and is ideal for the business’s drop-in service.

The entrance way is via a single door to the left hand side of a smart shop face, this leads directly into an open plan sales floor with a sales counter position in the centre next to a large changing room and waiting area.

The main workshop in on the ground floor of the building and sits behind the main service counter, to the rear of this there is a store room, kitchenette and WC.

The building offers a large amount of surplus space for development; there are two upper floors within the unit. These are relatively unused by the current owners and can offer a range of possible uses.

Intelligent Business Transfer are pleased to bring this traditional and well maintained Clothing Alteration and Repair business to the market for the first time since inception.

The business holds a very strong position in the centre of Chorley and attracts a high amount of walk in trade as well as a regular and repeat client base that rely on the business for their clothing needs.

The business is currently completely run by family and has built an enviable reputation since it started trading 2 years ago. During this time the business has filled many gaps in the market for suit tailoring and general clothing alterations.

The business is in a strong and stable position offers strong potential for growth, the business has almost doubled in size over the last year and has increased turnover to over £50,000, this produces actual net profits of over £30,000 and is very cleanly ran by the owners who operate with very low overheads.

The business is completely ready to run and offers three floors of usable space within a town centre location; this really is an ideal opportunity for any purchaser wishing to develop on already strong foundations.

The current owners are looking to sell in order to focus on other business ambitions.

Viewing advised.

Location

Property

Annual Rent
£9,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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