 | Nicely Presented Lingerie Shop With Web Presence For Sale North Yorkshire, United Kingdom Advert ref: FAO.0.90.Y Business description
The retail shop sells a fantastic selection of high quality lingerie.The current vendor has also had a professional website developed and has seen an increase in sales through the site over a relatively short period of time.The vendor also informs us that the website has a high google search ranking for a number of different lingerie manufacturers.
The vendor informs us that the business has weekly takings of £1500 generating a gross margin of 45%.
The asking price of £20,000 relates to goodwill only plus stock at valuation.
The business is solely run by the vendor.
Years established: 4
Employees: vendor only
Trading hours: Monday to Saturday 9.30am to 5.00pm
Property: Leasehold
Lease terms
The vendor advises us that the premises are currently out of lease and the ongoing rent is paid on a monthly basis.The rent is currently £433 per month
Location
The retail shop is located just off the main square of a thriving North Yorkshire market town
Expansion potential
The business has further potential to increase sales through the retail shop by carrying out a local marketing campaign to increasing its profile to the local trade.
The website is also in the early stages of its implementation so there is a further great opportunity to increase online sales
Competition / Market
No local retail competition
Support & training
Vendor will give a full handover to the new owner
Reasons for selling
Family commitments
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| | Financial details Asking price: £20,000
Sales revenue: < £200k
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: £70,000 |
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