For Sale

Clothing Boutique With 3 Sites Within London & Surrey

London, City of London

£129,995 +SAV

Ref: 14595 F

Contact sales negotiator

Hannah Hargreaves

01204556311

Email Hannah Hargreaves

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Description

Hilton Smythe are delighted to present to the market, Sugar and Style. An independent retailer of ladies’ fashion and accessories with items sourced from both Europe and around the world.

The first store was Brixton, this was established by our client in January 2016 and Boxpark followed shortly after in May 2016. Our client whose background in fashion retail spotted a gap in the market for affordable fashion and accessories. Establishing in prominent markets at Spitalfields, Camden and Brick Lane.

With over 16,500 followers on Instagram, the thriving business is staff run with overall management by our client who sources the majority of fashion from Paris and accessories including sunglasses from China. 5/5 Facebook reviews and Twitter, as well as circa 33,000 followers on Depop page link - depop.com/indi_sugarandstyle.

Average retail price of the fashion pieces sold is £35.

Sunglasses sales are very strong with 500 a month being sold in the summer months and a minimum of 200 within the winter.

All garments sourced can be branded with the ‘Sugar and Style’ label.

Wholesalers deliver direct to store and our client’s relationship requires no minimum order and can be in store within 2-3 days from ordering.

Our client will handover full history of previous 12 months orders which includes the styles ordered, sizes and colours including sales and photos of each piece.

Our clients attract a broad customer base -

Boxpark - 60% tourist 40% locals (age range of 16-45).

Brixton - mid 20’s with lots of loyal local trade.

Tadworth - lots of young mummies and 50+ ladies.

The business is fully staff run which includes an online assistant who uploads pieces to the website, our client also allows staff looking to design their own pieces to use the shops as a springboard into the fashion world.

Opportunity -
Increase Christmas add on sales (e.g. Candles, bags & London tourist gifts).
Increase online orders, only started in May 2017 achieving £19,160 in 8 months with only 40% of stock available to purchase. Each store can manage the online ordering side however the Tadworth store offer more space and staff time to process orders in the weekdays.
Maximise on the online selling potential by building stronger relationships with the contracts in place with Asos Marketplace, Silkfred and SHWRM.com.
Diversify and increase product range to include homeware, gifts, stationery and menswear.

A full handover is available.

Tenure

Leasehold

Boxpark- rolling yearly lease which expires in April 2019, £20,000 rent per annum.

Brixton- 5 year lease with 4.5 years remaining as of 2018, £18,000 rent per annum.

Tadworth- new 5 year lease, paying £18,000 rent per annum.

Combined rent of £56,000 per annum.

Hours

Opening hours for the stores vary:

Boxpark is daily 11am – 7pm

Brixton Tuesday - Sunday 11am – 7pm

Tadworth Monday - Saturday 9am – 5pm

Staff

2 members of staff in each unit.

Financial Profile

As of the 2017 accounts the combined turnover for all three stores was circa £229,000, with a gross profit of 69%.

Location

Sugar and Style offers three sites, one in east London, one in south London and one in Surrey.

Boxpark, Shoreditch East London - a highly sought-after unit within the famous pop up mall for made up of a collection of shipping containers. A home of independent and global fashion and lifestyle stores and cafes on the outskirts of the city and in the heart of the Shoreditch, situated in between Brick Lane market and Old Spitalfields market. Nearest tube, Shoreditch high street located directly next door.

Coldharbour Lane, Brixton village, Brixton, South London - a modern shop unit within the heart of the Brixton village and market area. Famous for its choice of worldwide foods in particular Caribbean, restaurants and cafes. Located just 2 minutes from Brixton tube station.

Walton Street, Tadworth, Surrey - a wealthy suburban village 20 miles south of central London, close to the M25 motorway and the Epsom Downs Racecourse and includes high end branded shops, restaurants and cafes. The nearest station to our Tadworth store is Tadworth station. Sugar and Style is the only independent clothing boutique in the area.

Premises

Boxpark - iPad, pdq machine, till, speakers, mirrors, cash desk, clothing rails, bags, changing room and stationery. Public toilet on site.

Brixton - iPad, pdq, till, speakers, mirrors, cash desk, clothing rails, bags, changing room stationery. Staff storage area, stockroom and toilet.

Tadworth - iPad, pdq, till, speakers, mirrors, cash desk, clothing rails, bags, changing room, staff room, large storeroom and toilet.

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