Pre-owned Designer Clothing Store for Sale6 months ago Bath, United Kingdom Ad Views:141 Ad ID: 3759
- Ad ID3759
- Posted On6 months ago
- Ad Views141
- Price34,950 £
- Asking Price:£34,950 included furniture/fixtures
- Sales Revenue:£62,732
- Cash Flow:£30,000
Leasehold Pre-Owned Designer Clothing Store Located In Bath. Prominent City centre location. Ideal starter business that returns a decent profit. Lifestyle business. Further potential.
Veritas Business sales are delighted to offer for sale this respected Pre-Owned Designer Clothing Re-Seller which is located in Bath. Thee premises have been used as a retail outlet for a number of years years and was transformed into what you see today by our clients eight years ago. The business is now reluctantly being offered for sale so that they concentrate on other business opportunities.
Since ownership they have re-decorated and made continual investment in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.
Grace & Ted is very much owner operated and comes with the benefit of no staffing liabilities. For the year ending 31st March 2020 they posted an annual turnover of £63,732 with a GP of £53,388 (84%) which produces a healthy net profit for any owner operator. they specialise in the resale of luxury clothing, shoes and handbags for women by brands such as Chanel, Louis Vuitton and Gucci, with a varied selection of current season and vintage pieces.
We believe that there is potential to increase trade should you wish, by expanding on the current product range/purchasing wholesale designer stock for resale as well as developing the e-commerce site further. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade, along with many visiting tourists. This is a superb opportunity to purchase a lifestyle business with relatively low overheads and further growth potential which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.