Status: Completed
Tenure: Leasehold
Leasehold Rent: £12,480 per annum
Turnover: £110,000
Clothing in LinchfieldClothing in LinchfieldClothing in Linchfield
£25,000 + SAV

Clothing in Linchfield

Completed
  • Reference: 1427
  • Location: Lichfield, Staffordshire
Hilton Smythe welcomes to the market the beautifully presented La Boutique. This high end ladies clothing fashion retailer was originally founded by our client in 2008 and since then has established a fantastic reputation and proved an extremely popular concern.

Business is generated from the retail of good quality clothing including branded names such as Joules, B-Young, Noa Noa and White Stuff, additionally, La Boutique sells complementary accessories including scarves, fashion jewellery and hand bags. The professional staff also offer a colour consultation service.

The retail area is spread across two floors of this stunning grade two listed premises and is immaculately presented with stylish decor and many lovely features including a decorative fireplace, chaise longue and chandelier lighting. Stock is artistically exhibited throughout with clear precise displays and is an obvious contribution towards the success of this profitable business.

Additionally, the business benefits from 3 further rooms on the second floor currently let to three other businesses, a tarot reader, holistic therapy and acupuncturist producing a generous income of £7000 per annum contributing towards turnover.

The business is forward thinking and additional revenue is generated from e-commerce sales from the user friendly website www.laboutiquelichfield.co.uk and promoting via social media websites, however, we feel the business would benefit from longer opening hours in particular taking advantage of Sunday trade. Additionally, the business is currently mostly run by a manager and staff due to our client's family commitments making this a perfect acquisition for an owner run and managed concern helping to reduce the wages bill.

We would highly recommend viewing this walk in trading opportunity to fully appreciate.

TENURE

We are advised Leasehold.

There is six months remaining on the lease and rent is £12,480 per annum.

HOURS

The boutique opens:-

Monday to Saturday 10.00am - 4.00pm

STAFF

The business operates with 3 part time members of staff.

FINANCIAL PROFILE

The business reports a healthy turnover of £110,000 with reported gross profit at circa £63,000.

The annual rental from the let rooms is £7000.
The business is located in the cathedral city of Lichfield in Staffordshire.

Occupying a prime trading position on Market Street in the city centre surrounded by a plethora of complementary businesses and within a pedestrianised area of the city. The business is in close proximity of the cathedral, train station and university.

Today the city retains an unspoilt charm with over 230 listed buildings in its historic streets with fine Georgian architecture blending with the new £100 million shopping centre and leisure complex serving this highly populated area. The city centre also boasts Beacon Park and two lakes Minster Pool and Stowe Pool adding to the delights of this lovely city.

Lichfield has excellent public transport links being served by two railway stations and regular bus services running in and around the city. The city is centrally located on the UK road network with the A5, A38 and A51 all running through and around the city and the M6 and M6 toll road all a short distance away.
This three storey double fronted mid terraced premise briefly comprises:-

Large glass frontage with clear signage and window displays.

The ground floor retail area has wood effect non slip flooring, diffused lighting, counter server with Epos system with full stock management and accounts system, changing room, water cooler, glass display cabinet and sofa seating area.

To the first floor is the changing room, toilet facilities and further retail showroom with feature fireplace, sash windows, diffused lighting, carpeted and rails to suit trade.

Further retail showroom, racks and rails to suit, central display area, chandelier and sash windows.

On the second floor are the three rooms currently let out to other businesses.

The business benefits from 4 camera cctv system and internal security shutters.