Hilton Smythe is delighted to welcome to the market this busy well-respected ladies' boutique, which is ideally located within Old Amersham, Buckinghamshire.
The business was originally established in 1950 and has been in our clients' careful ownership since 2001. Only now is the business, reluctantly, being offered to the market, due to our clients' desire for a well-deserved retirement. The boutique operates 6 days per week, generating a fantastic turnover in the region of £143,000 per annum, with a gross profit of 43%, as per the 2016 accounts.
Our clients offer a wide variety of stylish ladies' fashions to suit every occasion, catering for sizes 10 - 20, from top designers, such as Michele Jeans, Doris Streich, Faber, Frank Walder, Just White, Eugen Klein and Monari, as well accessories, such as scarfs and jewellery. The property boasts 31 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
Our clients have worked tirelessly to maintain and build on the reputation of this very successful and well-respected boutique, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to promote the business and goods offered.
The boutique already has an informative website in place to advertise the business, which we feel could incorporate online ordering facilities. The business would also benefit from taking advantage of social networking sites, such as Facebook and Twitter to promote the goods.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take the already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 25 years
Remaining lease length: 2 years, as of 2017
Rent: £13,000 per annum
HOURSThe business is open:
Monday - Saturday: 9.30am - 5.00pm
STAFFThe business is owner run and managed with 1 x full time and 1 x part time staff members.
FINANCIAL PROFILEThe business generates a fantastic turnover in the region of £143,000 per annum, with a gross profit of 43%, as per the 2016 accounts.
Laura occupies ground floor premises in the popular market town of Old Amersham, Buckinghamshire. The property is situated on the busy High Street and is surrounded by complementary shops, businesses and residential properties, from which the business derives much trade. Being located on a busy shopping street, the ladies fashion retail business benefits from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.
Old Amersham is a market town and civil parish within the Chiltern District of Buckinghamshire. The town has two districts, Old Amersham, which is set in the valley of the River Misbourne and where the business is located. Amersham-on-the-Hill, grew rapidly around the train station. In the old town, picturesque pubs complement the contemporary eating places, with one being rated one of the Top Coffee Shops in the country.
Old Amersham is served by the public transport system, with several bus stops within easy walking distance of the property. Old Amersham railway station is just over 10 minutes' walk away. The area is also well served by the A-roads, with the A413, A355 and A404 all being within close proximity to the business, which link to the national A-road and motorway network. Old Amersham is 15 miles from Aylesbury and 13 miles from High Wycombe.
Substantial ground floor premises, in an ideal trading location, briefly comprising:
Large display window with roller shutter.
Desk with credit/debit card terminal.
Rear store room/office with:
Access to staff WC.
The property is fully alarmed.
On-street parking facilities.