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Well-established Clothing Repair and Alteration Business in Ramsgate For Sale

Ramsgate, Kent

£29,999 +SAV

Ref: 2652 J

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Description

Hilton Smythe are delighted to welcome to the market this well-established and busy clothing repair and alteration business, incorporating a haberdashery.

The business was established by our client approximately 40 years ago and is only now, reluctantly, being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 50%.

Our client offers a wide variety of services including clothing alterations and repairs to all clothes, bridal wear, evening wear, curtains and soft furnishings. As well as incorporating a wool and haberdashery department.

The business has built up an enviable reputation within the area for the very high quality of the goods and services offered, 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, especially on Wednesday and Saturdays. A new owner could also embark on a modest marketing campaign to highlight the business and services offered. The launch of a website to promote the business is also a possibility.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold:

From April 2016
Remaining lease length: 3 years
Rent: £2,600 per quarter.

Hours

The business is open:

Monday – Tuesday: 9.30am – 1.00pm and 2.00pm – 4.00pm
Wednesday: 1.00pm – 5.00pm
Thursday – Friday: 9.30am – 1.00pm and 2.00pm – 4.00pm
Saturday: 9.30am – 3.00pm
Sunday: Closed

Staff

The business is owner run and managed with 1 x full time staff member.

Financial Profile

The business generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 50%.

Location

Jan’z Workshop occupies substantial retail premises, ideally located within the bustling seaside town of Ramsgate in Kent. The business is surrounded by a wealth of complimentary shops and business, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.

Ramsgate is a very popular seaside town in the district of Thanet in east Kent. It was one of the great English seaside towns of the 19th century and currently has a residential population of approximately 40,000. The town’s main attraction is its coastline and its main industries are tourism and fishing. The town has one of the largest marinas on the south coast.

The area of the property is well served by the public transport system, with several bus stops within easy walking distance of the business. Ramsgate railway station is just under 1 mile away. The area is also well served by the A-roads, with both the A255 and A299 being within easy driving distance, which link to the national A-road and motorway networks. Margate is approximately 6 miles away and Canterbury is 16½ miles away.

Premises

Substantial mid-parade premises, briefly comprising:

Basement:

Stairs from hallway leading down to basement.
The basement is home to the main alterations section and storage area.

1st room at the foot of stairs on the left is made up as follows:-
Singer 211 table top walking foot sewing machine (heavy duty machine)
Ironing board and standard iron.
Multiple shelving and racking units.
Wimsew W-8B table top walking foot sewing machine (heavy duty machine)

Stainless steel sink and right hand drainer with underside cupboards with doors.
WC with hand wash basin.

2nd room is accessed through a walkway and consists of the following equipment:-
Brother DB2-B755-3A MARK II table top walking foot sewing machine
Lewis table top fanning machine
Brother DB2-B755 table top walking foot sewing machine
Brother EF4-BF11 table top flat machine
Memory Craft 6000 button hole machine

Various shelving and racking units. Including a 10 (500mm width – approx.) piece purpose built wall mounted racking unit with 5 underside cupboards (some fronted) and a 4 draw unit, all built in.

3rd room is located directly at the foot of the stairs and is a long narrow storage room, which is fully racked.

4th room is the cutting room – this area has a full size padded top cutting table. Further racking and shelving is located here.

Ground floor with:

Twin large fronted windows to both sides of door.
Laminate floored throughout whole of shop area.

Numerous free standing (some wheeled) display cabinets and rotating carousels.
To the rear of these are peg boarded wall displays a large variety of assorted items.
Several other peg boarded wall displays, displaying needles etc. these wrap around the corner to the fitting room.
Fitting Room – a small room with long mirror, small pine effect cabinet and clothes hanging space.

The main counter is located at one third distance on entering shop and is made up of one curved edge modular unit situated beside several wood and wire display cabinets and baskets.

To the rear of the main counter is the following;
Wimsew W-C111-3A table top walking foot sewing machine.
Two pole clothes hanging rack.

Secondary counter with wool display cabinet to front.

To the rear of the store is a very large wool storage area. This area has been extensively shelved and forms a large part of the wool sales.

CCTV monitor and DVR is located within this area and is wired up to 4 open faced dome cameras.

Further items located here include a pine dining table and two carver chairs with cushioned seats.

A twin drawer purpose built cabinet is located here, and holds a vast array of wools.

Hallway leading from shop (next to fitting room) to rear of store.
Doorway leading from rear of store to yard /garden area.

Our client currently rents the first floor flat, which could be available should a new owner desire.

External:

Good signage.
On-street parking.

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