Established Ladieswear Retailer in London

Southwark, London
REF: R05622

Asking Price:
£35,000
Annual Turnover:
£78,000
Annual Net Profit:
TBC
REF: R05622

Overview

Tenure:
Leasehold
Established:
2003
  • Assortment of products
  • Busy location
  • Loyal customer base
  • Healthy revenue
  • Potential for growth

A fantastic opportunity has arisen to acquire a well-established retail business in London, which has specialised in the sale of high quality ladieswear garments since it began trading in 2003.

This is a well-operated and popular retail business which specialises in the sales of high quality African garments and fashion accessories at competitive yet reasonable prices. It caters solely for ladies at present. As well as this, it also offers a variety of African food items, which includes traditional and authentic spices and sundries. Through offering a reliable and friendly service, the business has amassed a large and loyal customer base.

Situated in Central London, the business has grown through its location and has amassed a large customer base and strong reputation. The maintenance of low overheads has resulted in healthy annual takings and the business continues to trade consistently all year round. A new buyer is presented a profitable platform to build on.

Trading from a double-fronted, terraced building which features clear exterior signage displaying the business name. Internally, the premises are comprised of a sales counter to the front, ideal for handling customer transactions. Stock is displayed throughout the store on shelving. A partitioned part of the floor is used to display the food products.

With no active marketing, the business has grown organically through word of mouth and recommendations from its satisfied customers.

Having nurtured the business since its conception, the current owner is now looking to retire. It would be an ideal purchase for an owner-operator and would also benefit an existing company looking to expand through acquisition into this geographical area.

Through expanding the product range to include male garments as well as clothing for children, the business could attract further patronage and effectively grow the customer base. Through acquiring planning permission, the new buyer could change the use of the shop to accommodate their own business.

As well as this, through online advertising via an e-commerce website and through social media, the business could boost its exposure and efficiently make sales online to customers across the UK. Listing on popular sites like eBay and Amazon would also be beneficial for growth. The vendor is willing to aid the transition to new management.

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  • Busy high street
  • Substantial footfall
  • Extremely accessible
  • Customer parking nearby
  • No local competition
Rent
£13,000
Rates
£6,000
Lease Term
new 10 year lease
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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