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Exceptional Town Centre Clothing Business for Sale

Longridge, Lancashire

Leasehold : 49,995
Turnover : 1,712 p.w.

This excellent fashion business is situated in the market town of Longridge which is at the foot of the picturesque Ribble Valley in Lancashire and is a desirable location for homeowners and an area where more housing is being developed. The shop is centrally located on the main busy high street and is surrounded by residential properties, complementary businesses and ample parking facilities which is all favourable to the business. The M6 motorway network is also easily accessible from the town which attracts tourists and visitors to the local attractions. Customers come from many surrounding areas such as Grimsargh, Chipping, Ribchester, Goosnargh, Fulwood and other areas in Preston and Blackburn.

Meridian Business Sales are delighted to offer for sale this superb fashion business which was established by our client in 1996. Our client is reluctantly offering the business to the market due to family commitments. Since the business was established, it has been run at a pace that suits their lifestyle, meaning that there is scope for a new hands on operator to further develop the business. A polished website and mobile site was launched in 2012 and has an active and growing social networking following. Our client informs us that annual turnover currently runs at 89,000, with a gross profit margin of 32% which is derived from sales in store and online of fashionable clothing, footwear, jewellery and accessories by brands such as Yumi, Uttam Boutique, Love From Australia and Hultquist. This is a great opportunity to purchase a well established business, which is a great base to build upon and as such, early viewing is highly recommended. Not to be missed.

Trading Hours: Tuesday to Friday 10am - 5pm

Saturday 10am - 4pm

Closed Monday, Sunday and Bank Holidays

 
Tenure: Leasehold
Original Length: 20 years
Remaining: 5 years
Rent: 7,200pa

 
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38 Advert ID 45355    Sellers Ref : 3878/BSOL

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