Sold

Independent Gift Boutique Store

Northampton, Northamptonshire

£17,000

Ref: 2195

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Description

Hilton Smythe is delighted to introduce to the market Bias Accessories Ltd. This stylish modern independent boutique store was originally founded by our client some twelve years ago and has seen phenomenal growth over the years. Bias Accessories Ltd generates revenue from the retail of unique brand products including unusual gifts, clothing, pictures, clocks, designer shoes and handbags and much much more with well-known brands including Brakeburn, Ruby Shoo, and Juno and with the benefit of sole selling rights to many popular brands such as Santoro, Lilyflame, Heaven Sends and Widdop Bingham (range of Disney Frozen Products). The store is immaculacy presented with merchandise artistically displayed throughout, attracting not only the high volume of passing trade but customers who return time after time in the safe knowledge that all goods are of the highest quality and are just that little bit different. Although hugely profitable and clearly sustainable we believe if the business were to create an e-commerce element to the existing website www.biasboutique.co.uk., this would pay dividends in the future. Early viewing of this elegant and chic turn key business is highly recommended which is priced to sell as our client wishes to emigrate.

Tenure

Leasehold

We are advised leasehold. Our client has managed to negotiate the existing rental of £18,000per annum down to £6,000 per annum, fixed for 5 years with a new lease available.

Hours

The business currently opens:- Monday to Saturday 9.00am – 5.30pmSunday 10.30am – 4.30pm

Staff

The business is owner run and managed with the assistance of 2 part time members of staff.

Financial Profile

The business reports a healthy turnover of £94,632 per annum with gross profit at 41%.

Location

Bias Accessories Ltd is located within the bustling Market Walk shopping centre in Northampton town centre. The business is in a prime trading position and benefits from a constant footfall throughout the day, being close to numerous High Street fashion stores and the lift to the first floor level. Northampton is a large cultural town with a population in the region of 212,100. The town is easily accessible from the M1 motorway and boasts its own railway station and network of buses running through the town and out to surrounding areas providing excellent public transport links with the business being only a 5 minute walk to the bus station and a 10 minute walk to the train station.

Premises

Well-presented frontage with large glass display windows and security shutters. Large retail area with perimeter shelving, racking and display units. Central display tables and cabinets. Clothing racks. Picture/photo frame display wall. Double glass cabinet shop counter with 1 till and card terminal. Changing cubicle. Rear stock area, with racking & shelving. Toilet facilities with basin Fire exit door The business benefits from security tag barriers on entry/exits.

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