An Exclusive Ladies' Shoe & Accessories Boutique based in Salisbury

Salisbury, Wiltshire
REF: INT2985

Asking Price:
£120,000
Annual Turnover:
£267,329
Annual Net Profit:
£33,093
REF: INT2985
Photo of An Exclusive Ladies' Shoe & Accessories Boutique based in Salisbury
Photo of An Exclusive Ladies' Shoe & Accessories Boutique based in Salisbury
Photo of An Exclusive Ladies' Shoe & Accessories Boutique based in Salisbury
Photo of An Exclusive Ladies' Shoe & Accessories Boutique based in Salisbury

Overview

Tenure:
Leasehold
Established:
1983
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Low Overheads
  • Strong Supplier Relationships

This is the exciting sale of an exclusive ladies' shoes & accessories boutique.
Located in the historic city of Salisbury, the business occupies a prime position on the city's high street close to the famous cathedral’s main gate.

Raffinee has an exceptional reputation and has built a strong and loyal clientele over 40 years with customers coming from across the south of England and London. The business' long-term success is built on the way it sources and curates its seasonal collections.

The business has formed long-lasting relationships with a group of niche, privately-owned artisan footwear factories located across Italy and Spain. The owner attends MICAM (The Milan Shoe Fair) twice a year to meet potential suppliers personally and buy directly. The business hand-picks two collections: Autumn/Winter and Spring/Summer. In addition, the owner selects a range of European coats and jackets, clothing, Italian scarves and leather handbags.

Overall this is a unique and exclusive business that would make a great purchase for someone interested in the shoes and accessories industry.

The building is 3 storeys high and is leased until March 2030.

This sale would include Furniture and Kitchen equipment, but would exclude stock.

The entrance to the shop is on the High Street with a prominent shop window for displays. Once inside, three stairs lead into the showroom at the front of the shop and a stock room at the back.

The 1st floor comprises a bathroom, galley kitchen and further large stock room with a small landing. The kitchen contains an immersion heater, sink, draining board and built-in cupboards, with extra shelving to the left of the sink. The landing has integrated shelving. The stock room has additional shelving for stock plus a clothes rail for coats.

Another set of stairs leads to the top floor which houses further stock and is also used as a work room and photographic area.

There are four storage heaters on the premises, one in the showroom and then one in each of the stock rooms.

The business has an excellent reputation and so the business could easily be relocated or expanded to include more stores.

Currently, the business uses the Shopify platform and sells only old stock directly from it on the Outlet section. It is mainly used as a digital showroom. New stock could also be sold directly from the site.

The business currently has a mailing list through Mailchimp, an Instagram and a website; a new owner could continue to expand through the digital marketing sphere to engage with a wider audience.

As the business has 'own label' branding from one supplier, customers can buy beautiful shoes that are not available elsewhere. This exclusivity could be expanded to include more 'own label' brands.

There are opportunities to expand the business' clothing range and to introduce a men's range which would increase profits. With the right owner this business has the potential to grow in size, staff and therefore clientele.

Features

Key Information

  • Sells Online: Yes

Online Presence

Location

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  • City Centre Location
  • High Street Location
  • Close to Local Businesses
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£9,600
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
2030
Accommodation Included
No
EPC Rating
TBC

Financial & More

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