Business for Sale Overview:
Established on its current site nearly fifty years ago and under the stewardship of the current Owner throughout, this business has established itself as one of the best known independent retailers of men fashion wear in the West End. Positioned in a prime, central location, alongside some highly prestigious and well known names in retail, this business offers a wide range of classic menswear and apparel as well as smart casual clothes and accessories with the City businessman being its core target audience. Customers can choose from a variety of styles, colors and patterns from leading quality names.
As a main supplier to at least one Government Department, over the years this business has dressed some of the most celebrated names from the worlds of business and the Civil Service, drawn by an ever enduring philosophy - an easy, relaxed and enjoyable experience for customers, many of whom are reluctant shoppers. Unlike many of the fast-moving and frenetic department stores, the staff of this business are generous with their time, allowing them to pay more attention to a customer’s exact needs. The result, a more satisfying shopping experience.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business occupies a prime, corner location in the heart of London’s West End and in an area well known for shopping and for men clothes shopping in particular. The outlet is situated amidst a good range of highly prestigious, synergistic retailers. Its very well dressed display windows ensure the substantial passing trade see the extent of the range that is available.
The secure premises are approximately 3,000 square feet in all. Leased to date, the current Landlords have re-development plans for the current site but have committed to finding the business alternative retail premises during the period of re-development.
Rent is currently £115,000 per annum with Rates of £54,000.
Market Competition and Expansion:
Having been established for nearly fifty years and very prominently located in a shopping area which attracts hundreds of thousands of shoppers every day, this business has no real need to invest in marketing and advertising. We do no advertising = all word of mouth etc. The most impactful advertising tool is undoubtedly the very high quality carrier bags customers carry through the streets with their purchases.
The business does not have a web presence whatsoever and there is no doubt the development of an e-commerce site would enable the business to extend its customer base further afield and lift the profile of the business even further.
By far the most cost effective marketing for this business however comes from its prime location and the strong word of mouth recommendation this business enjoys, testimony to the excellent reputation this business has, particularly amongst its regular Clientele.
Reason for Selling:
The current owner wishes to retire.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.