Well-Established Clothing Alteration Specialists based in Kent

Ramsgate, Kent
REF: S06902

Asking Price:
£49,950
Annual Turnover:
£182,000
Annual Net Profit:
TBC
REF: S06902

Overview

Tenure:
Leasehold
Established:
1991
  • Fantastic Reputation
  • Long-Established
  • Variety of Services
  • Ample Equipment and Materials
  • 2 Shops Included in the Sale

The business for sale is a reputable clothing alteration company. The owner promises if it goes under a sewing machine, they will service it. Greeted with a friendly and warm welcome, the shop has built a fantastic reputation over the years.

Established over 40 years ago, the owner has just recently opened another store which has been trading for 3 months. They provide repairs, alterations, tailoring, dressmaking, soft furnishings. The shop also stocks an impressive selection of bags, scarfs, wool and haberdashery. They handle leatherwork, provide a pressing service and run crochet classes once per week. This is a one-stop-shop for all things garment related.

The two shops are each based in busy areas, resulting in a high footfall and custom. The business for sale is on a leasehold basis.

The first shop is a double-fronted property. As you enter the shop floor on the right-hand side there are bags/scarf displays. On the left-hand side is the haberdashery section as well as a counter, sewing machine work area, a dressing room. At the rear end of the shop, there are large wool displays. To the left, there is a corridor leading to stairs which lead to the basement. Also in the corridor there is a sink/washing facility, a large work area containing sewing machines and a storage area. The WC is on the right-hand side of the stairs, next to a storage cupboard and kitchen area.

The second shop has the same layout as the first but smaller in area space. The property is single-fronted and as you walk in there is a counter at the front. As you walk through there is a WC, a kitchen basement, a large cutting table and two separate rooms for storage. Altogether there are 15 machines.

The fixture and fittings overall come to around £15k and stock at value equals £6k.

In order to grow the business, the new buyer could consider tendering to their online presence. Utilising social media and digital marketing can massively impact customer engagement and interest. Their Facebook page could be updated by adding more photos of their many services. The website is currently under construction but will be a great starting point for the new owner-operator to progress with. An ideal buyer would be anyone who wants to take over a well-established clothing alteration business.

This could be an experienced entrepreneur or an individual passionate about the industry. The current vendor is willing to discuss a transitional period with the new buyer to familiarise them with the business.

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  • Located in Ramsgate, Kent
  • Seaside town
  • Popular tourist spot
  • Two shops included
  • Close to local businesses
Rent
£12,500
Rates
£0
Lease Term
TBC
Lease Expiry
5 years remaining for both
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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