Fashionable Retail Store in Wellingborough

Wellingborough, Northamptonshire
REF: 05259

Asking Price:
£30,000
Annual Turnover:
£200,000
Annual Net Profit:
£23,950
Featured
REF: 05259

Overview

Tenure:
Leasehold
Established:
2000
  • Ample parking
  • Loyal customer base
  • Recently introduced clothing line
  • Professional website
  • Prime location

This is a long-established retail business that, since its inception in 2001 has satisfied its customers with quality footwear. The store has lived up to its name amongst inhabitants of the area due to their great customer service and reasonable prices.

This business specialises in offering its customers unique ladies footwear, fashion, handbags and accessories. Brands are exclusive to the business and currently unavailable on the high street, which has proved popular with its loyal customers. They offer a range of shoe and boot styles in a variety of colours to ensure each customer's demands are met with. They pride themselves with brands such as; Tamaris, Marco Tozzi, Lunar, Earth Spirit, Sketchers, Rieker, and Jana.

The business is a short distance away from the city centre of Wellingborough. The shop is surrounded by heavy footfall which increases the potential customer base. A new buyer is presented with a new opportunity to acquire a profitable well-managed shop with the potential to develop further.

The shop has a modern up-to-date decor which appeals to passing by customers. Inside the shop, customers immediately notice the white and red splashes of colour on the walls and shelves. On the shop floor, there is a counter where customers go to pay for their chosen products, there are also several shelving units where footwear and clothes are on display for customers to see. On the first floor of the shop is a fitted kitchen and toilet facility with ample storage space for further stock. The second floor is currently used for further storage and has great scope to be converted into office space for the new buyer.

The business has strongly benefited from word of mouth since its establishment as well as being active on their professional website, and other social media platforms such as Facebook and Twitter. The company also has a database of over 1,000 clients.

This is an excellent opportunity for both new and industrially experienced buyers to purchase an established and profitable retail shop who can continue running operations and promote the business and capitalise on its potential for growth.

There are a variety of ways a potential buyer could help grow the company further. A new buyer could introduce a range of men's’ and children's clothing and shoes to ensure they include the other half of the population and potentially double their customer base.

Also offering a delivery service would appeal to a larger number of customers, particularly those customers who live further away and are unable to attend the shop. The business currently carries out work with local charities and at fashion shows, which the new buyer could continue doing to enhance turnover and boost exposure.

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  • Up-and-coming retail courtyard
  • Complementary businesses nearby
  • Close to local schools
  • Good transport links
  • High footfall
Rent
£10,000
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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