Popular South Asian Fabric and Clothing Retailer

Stoke-On-Trent, Staffordshire
REF: R07938

Asking Price:
£34,950
Annual Turnover:
£71,387
Annual Net Profit:
£12,975
REF: R07938
Photo of Popular South Asian Fabric and Clothing Retailer
Photo of Popular South Asian Fabric and Clothing Retailer
Photo of Popular South Asian Fabric and Clothing Retailer
Photo of Popular South Asian Fabric and Clothing Retailer

Overview

Tenure:
Leasehold
Established:
2016
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Spacious Premises
  • Wide Variety of Products & Services

This is a fantastic opportunity to acquire a busy fabric and clothing store in Stoke-on-Trent city centre.

The store mostly caters for women, providing traditional South Asian outfits and fabric. The brand has been in business for 30 years, with this particular shop operating for the last 5. This long-standing company holds a loyal customer base and has almost 1,000 followers on Facebook despite not focussing much attention towards building an online brand.

Benefitting from a fantastic city centre location and a fantastic reputation this business provides the buyer with a wonderful opportunity for growth.

The store is situated on an incredibly busy road towards the city and is only 5 minutes walk from the centre, which ensures a high level of passing trade.

The glass-fronted store ensures its products are well advertised to passers-by and a full inventory is available upon request from interest parties.

The shop has a large internal size of 4.4m by 14.2m, meaning there is plenty of room for the new owner. The store consists of the main shop, its own storage room, a changing room, a basement, a toilet, and a kitchen.

The buyer will also inherit the Facebook page with 938 followers.

The ideal buyer has an interest in Asian women’s clothing or a desire to move a successful business into the online sphere.

Building a website and a greater social media presence would lead to huge growth as there is a huge demand for the delivery of these types of products and it would move the market for the business outside of Stoke-on-Trent.

Being able to purchase online for delivery would be beneficial but translating the website into various South Asian languages would lead to exponential growth.

Location

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  • Nearby Car Parking
  • City Centre Location
  • High Footfall

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

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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