Business for Sale Overview:
Established on its current site nearly forty five 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 menswear in South East London. Positioned in a prime location, alongside some highly prestigious and well known names in retail, this business offers a wide range of classic menswear for all age groups as well as larger size men’s clothing. Customers can choose from a variety of styles, colours and patterns from leading quality brand names.
The superb range of outfits is fashionable and desirable to appeal to customers from all walks of life. Very well presented the enterprise has a pleasant ambiance and a good regional reputation that continually attracts both new and return custom. The store has developed a strong reputation as specialists for larger men’s clothing.
This business is based on the traditional retail values of good location, good quality merchandise and competitive prices but above all high levels of customer service. All staffs are highly trained and have been carefully recruited for their customer service skills and their ability to offer the high level of friendly personal service expected of an independent retailer. The customer base is constantly on the increase through customer referrals from the large customer base developed throughout its many years of trading.
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Property Features and Assets:
This business is located in South East London and is situated amidst a good range of highly prestigious, synergistic retailers. The attractive window displays showcase the extensive range of clothing available to lure in the shoppers.
The premises comprise of two floors. The ground floor is an air-conditioned retail unit with office and other facilities. The first floor is used for stock storage. The business is located opposite Morrison’s, Boots, and close to Marks & Spencer and various Banks.
The property is leasehold, which expires 2012. Annual rent is charged at £51,000 with rates charged additionally at £17,000 per annum.
Market Competition and Expansion:
The admirable profitability of the business is mainly as a result of word of mouth recommendations, bearing strong testimony to the first rate reputation the business enjoys, and to the extent which its brand name is recognized within the area and market. Being situated in such a prominent location a large percentage of business is also obtained due to the high visibility of the premises for passing traffic and the very high footfall that is a constant feature of this busy locality.
Reason for Selling:
Owner wishes to retire and move to Australia.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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