business for sale

Lingerie Boutique

Businesses for Sale

Sale Memorandum

Lingerie Boutique


Ref.AB081

Location Kent

Asking Price £ 71,500

Confidential offered for sale

Asking price £71,500 plus SAV

Asking price includes:

Well-researched business model
Turnover for 2006: over £100,000
Wide range of top brands catering for all ages and sizes
Prominent, highly sought after retail location
All fixtures and fittings
Training and handover
Leasehold property
Excellent reputation
Good profit margins
Advertising
Goodwill
Website
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This bijou lingerie shop in Kent has discreet, friendly and experienced fitters who understand the importance of well fitting underwear. Specialising in all types of underwear from basic to exclusive designer wear, they also sell bridal, nightwear and swimwear.

The business prides itself not only on the quality of product it supplies, but also their level of customer service. Although staff overheads are maintained at relatively low levels the staff are fully trained to provide a top quality service including professional fitting.

Customer details are maintained on a database to track purchasing patterns, help with partner gifting and facilitate marketing campaigns. With their excellent product knowledge the staff ensures that every customer leaves fully satisfied with their purchase - both in terms of style but perhaps most importantly, fit.

Equipment:

The business operates a fully computerised stock control system and a database to maintain their regular client base.

Customer Service:

Customers are drawn to this outlet from miles around, safe in the knowledge that the service they receive will far outstrip anything on offer from the major fashion retailers and department stores.

The business offers high quality customer care. Each and every customer receives personal attention from the friendly and professional staff. This business offers a fully qualified fitting service and the widest range of merchandise available for customers of all ages and sizes.

Key Strengths:

This business has been developed by Owners with considerable experience of the retail lingerie sector. Knowing exactly what is required to make a lingerie retail business profitable, the Owners have developed their business model accordingly. The retail outlet is ideally located in a main high street which benefits from significant volumes of footfall.
Growth and Expansion:

A new owner could expand the business, by using new forms of media such as including Internet sales into their already established website as well as catalogue marketing.

Key Opportunities:

With an already established mail order service, and company brochure, this business has the scope to develop further forms of effective advertising and dramatically increase sales.
Premises:

The business operates from a prime high street location in a Kentish village and is beautifully fitted to incorporate two fitting rooms. The property also benefits greatly from full air conditioning.

The Shop Floor area is approx. 32,5m square (350 ft/sq) ceiling height 2,7m (8ft 11ins).
Office area approx 7,75m square (83 ft/sq)
Stock room/kitchen approx 9,5m square (102 ft/sq) with additional storage in meter cupboard under stairs to flat approx 3,7m square (39ft/sq)
Toilet & washbasin at rear of stock room.

The premises are leasehold with five years currently remaining. Rent is charges at £9,000 with rates additional charged at £1,000 per annum.

Business Hours:

Monday – Saturday 9.30 am – 5.00 pm

Security:

The premises are protected by a fully fitted alarm system and Redcare. There are internal shutters on the front window and an external shutter over the rear entry door.
Advertising and Marketing:

Its volume of regular customers is significant and growing with word of mouth recommendation and highly targeted marketing campaigns.

This business also takes out regular display advertising in the high quality glossy, lifestyle magazines including Kent Life, Limited Edition and Day magazine. However by far the most cost effective advertising is the significant word of mouth recommendation this business enjoys, testimony to the excellent products and levels of customer service this business provides as well as the appearance and prominence of its location which act as very powerful advertising hoardings, attracting customers into the boutique. The business also benefits from an attractive and easy to navigate website.
Financial profile:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Current turnover is circa £100,000 with a gross profit of £46,844.
Employees:

The business is owner run, and is supported by 1 part-time Fitter/Sales Assistant.
Support and Training

Full support and training will be provided to the successful new owner if required
Reason for Sale:

This is a genuine retirement sale.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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