The business has been operated by the current occupier for just under 12 months and due to family re-location, this rare opportunity has become available for an ambitious operator to take advantage of the location and expand the business to the next level.
The current owner sells a range of clothing that is both his own brand and also bought in from separate suppliers generating a healthy nett profit. The current owner is prepared to work with the new operator to make sure that the supply line remains the same and generates a healthy income.
The clothing currently on sale, is a range of t-shirts, jeans and sweatshirts along with footwear and accessories. This therefore is an excellent opportunity for an individual to expand the product range further and take advantage of the demographics of this seaside resort to maximise income and profit margins.
Our client manufactures some of the garments he sells and would be happy to continue supplying the new operator.
The business is going from strength to strength with the operator happy to discuss his business model with interested parties.
TENUREWe are advised the business is being sold as a Leasehold opportunity with the current rent passing at £23,000 per annum.
HOURSThe business is currently operating seven days a week Monday to Sunday 9am to 5pm.
STAFFThe business is run and managed by the current vendor with the assistance of a part time staff member.
FINANCIAL PROFILEWe are advised the business has a current turnover in the region of £300,000 per annum with an extremely healthy nett profit.
Situated in Skegness along the packed and vibrant Lumley Road, this retail outlet is only a short walk from the beach and is surrounded by busy shops and cafes.
The site is close to the main pay & display car park so is both easily accessible by foot or in the car. The location further benefits from extensive footfall in the area and lends itself well to all kinds of retail concepts.
Ground floor retail unit situated on the very popular Lumley Road in Skegness.
Front desk and display carousel.
Display racking to the front of the premises, all wall mounted shelving and hanger units.
Individual display boxes and footwear display units, individual hangers and shelving counters throughout the site.
To the rear of the premises is a large store room and WC with hand wash basin.
A very well stocked and immaculately presented store having been completely refurbished in the last 12 months.