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Exclusive Ladies Fashion Boutique And Internet Business For Sale

Corbridge, Northumberland
Freehold Price:
On request Furniture / Fixtures included
Lease Asking Price:
£50K - £100K Furniture / Fixtures included
Sales Revenue:
£500K - £1M
Cash Flow:
Available on request

Established for almost 50 years this highly respected ladies boutique offers occasion wear, day wear and casual wear to discerning ladies.

This specialist clothing shop offers designer ranges for ladies wanting something not available on the high street in a size and design that suits their requirements and style.

There is potential to increase turnover by developing internet sales to their full potential.

The business has an outstanding reputation for the quality of clothes and professional service with a customer base of almost 2000 loyal clients; with an average spend of £150 per client per visit with clients travelling from over a 100 mile radius.

The store is immaculately presented with the garments tastefully displayed throughout. The business offers outfits for both informal and formal occasions such as full outfits for the mother of the bride, wedding guests, and any other social gatherings and also offers a range of hats and fascinators.

Located in Corbridge, a charming village, the shop also offers a range of clothes for the many tourists and visitors that visit Northumberland.

We would encourage early viewing of this outstanding business venture which genuinely comes to the market as the current owners look towards a well-deserved retirement.

The business occupies a prominent trading position within the heart of a vibrant community in Northumberland.

This exclusive designer ladies clothing business is situated in a prime position within a busy street on the main thoroughfare through the village.

Double fronted premise with large glass display windows.
Retail shop with service counter, hanging rails and shop fittings
Office / Stockroom
Basement
Kitchen. 
Staff toilet.

Part freehold and part leasehold

The business currently opens: -
Monday to Saturday 10.00am – 5.00pm

A new owner may wish to look into extending opening hours to further income.

The business is owner run and managed with the assistance of 5 members of staff working part time hours.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

Ten year lease with break clause in 2021

Leasehold Rent:

£40,000 per annum

Location:

Located in Corbridge a charming village the shop also offers a range of clothes for the many tourists and visitors that visit Northumberland.

Premises Details:

The business occupies a prominent trading position within the heart of a vibrant village in Northumberland.

This exclusive designer ladies clothing business is situated in a prime position within a busy street on the main thoroughfare through the village and within 20 miles of heavily populated residential area.

Size in square feet:
1150 squ ft downstairs 550 squ ft upstairs

Business Operation

Expansion Potential:

.A new owner may wish to look into extending opening hours to further income.

There is potential to develop the Norma James Internet site.

Competition / Market:

In Corbridge there is one other ladies fashion shop however due to exclusive range of brands customers travel from up to 100 miles to visit the shop.

Reasons for selling:

Retirement

Trading hours:

Monday to Saturday 10am to 5pm.

Employees:
Owner managed plus 5 part time staff
Years established:
50 years

Other Information

Support & training:

All staff long serving and fully trained

Inventory / Stock value:
£95,000
Website:
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Leasehold asking price:
£50K - £100K - Furniture / Fixtures included

Contact Information

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