business for sale

Well established, popular and busy retailer of fashion brands

Businesses for Sale

Sale Memorandum

Well established, popular and busy retailer of fashion brands


Ref.AB063

Location London

Asking Price £240,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
<>
Asking price includes:

Well established retail outlet for superb range of brand fashions

Excellent opportunity for further growth

Comprehensive range of stock

Sales of circa £315,000

Training and handover

Leasehold premises

Business profile:

This business was founded in 1984 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and variety of its products, brands, service and reliability.

The business occupies prominent high street premises with glazed frontage offering high product visibility. The business retails most of the main fashion brands and an extensive associated accessories to local customers and. The portfolio stretches across the spectrum of widely known brands.
It is significant that this business has made such success of retailing products across the whole cost spectrum to those customers in the immediate locality. This success has been achieved and continues in the face of significant competition from the large multiples.
The stated aim of this business is to provide simple, high quality, classic brands to complement the wearer’s personality, at excellent value for money and in every variety and size.

Established twenty two years ago the business has been under the current ownership since inception and has built up an excellent reputation for one of the most selective and successful ranges of famous and popular brands in the area.

The product brands include:

• Levi’s
• Replay
• Pepe
• Peter Worth
• Diesel
• Ben Sherman
• Miss Sixty
• Sonnetti
• Wrangler

The business has established an extensive customer base of loyal customers and is very efficiently run.

Customer Service:

A high standard of customer service is a main concern for this business and has enhanced the excellent reputation the business has developed among its customer community. Customers are a top priority and staff are always happy to help, offering honest and helpful advice.

Key Strengths:

The company strength is founded on its consistence of retaining a high level of repeat business. Very well known, the store is smart and eye-catching and provides attractive premises for the business. It is ideally situated on an excellent trading position. Always well stocked with a large variety of quality merchandise the store is very well known for its range of products concentrating on its proven range of merchandise that is attractive to local buyers.

The company is proud of its excellent reputation and dedicated customer care, which are a result of the company’s skilled, committed staff, and quality control over its products and services.

The business is an authorised Levi’s retailer enabling this successful business to retail Levi’s premium branded products: DNA & Engineered.
Premises:

The business is located in an easily accessible area in London and operates from a circa 500 square feet area including showroom, storage and office. Above the store is a maisonette currently being used for its toilet facilities and as office & storage.
There is currently 9 years and 9 months remaining on a renewable lease with annual rent currently paid at £20,000 with £6,000 per annum for rates and benefits from full security including Redcare alarm system and in-store CCTV.

Current opening hours: 9:15am -5:30pm Monday to Friday, Saturday 9:00am – 6:00pm and 11:00am – 4:30pm on Sunday.
The period and extensively glass fronted premises is located in an established, pedestrianised high street position in a thriving, lively and friendly community. The showroom is in a highly visible position and has excellent window displays that welcome customers in to browse. The store is approximately 500 square feet with showroom space, useful storage room and small administration office.
Advertising and Marketing:

The business has used little advertising in the past and there are excellent opportunities to introduce this activity and to create an internet presence to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Sales revenue is in excess of £315,000 per annum, with a gross profit of: £130,000 and stock maintained at an average £100,000.
Management and Staff:

The business employs 1 shop manager and assistant manager, who together with the vendor are responsible for the day to day operations.
Support and Training:

The vendor is available for a full business familiarisation and training period
Reason for Sale:

After many years of happy and successful trading the vendor has decided the time is right to take retirement.
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

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]