For Sale
Beautifully Presented Ladies Boutique
Lincoln, Lincolnshire
- Asking Price: £35,000 +SAV
-
Turnover:
We are advised the business is turning over in the region of £155,000 per annum working on a very attractive adjusted nett profit.
The business rates are currently £5,700 per annum.
Please quote reference B05291
- Tenure: Leasehold
Please quote reference B05291
Hilton Smythe are pleased to welcome to the market Cahoots (Ladies).
This stylish boutique has been operated by the current vendor for over 20 years in which time it has built up an enviable reputation for quality and service within the City for style, elegance and expert advice on all aspects of women’s clothing and which due to retirement this rare and exciting opportunity has now become available.
The business currently sells a range of designer women’s clothing which includes evening wear, formal wear, dresses, jeans, jackets, shoes & accessories plus a fabulous range of underwear and swimwear. The business has long-established supplier arrangements with the likes of Maria Bellentani, Lauren Vidal, Hanro, Marie Jo, Maryan Melhorn, Gant, Sbelt-Jeans and JJ Garella to name just a few.
This is truly a once in a lifetime opportunity to take a respected and long-established business to the next level by developing a strong on-line presence creating an additional selling platform as well as introducing new product lines to further expand the existing customer base.
This is an excellent business opportunity which will have a wide appeal and would suit either an individual or partnership looking for a fresh challenge with a keen eye for style or for an already established operator looking for stylish premises or an additional site with the opportunity to travel to shows and suppliers creating their own style.
The current vendor is also happy to work with the new owner over a transition period to make the necessary introductions to suppliers and existing customers to enable the business to continue to flourish and to also offer sound advice when required.
The business is run and managed by the vendor with 1 x part time staff assisting.
9.30am to 5.00 pm Monday to Saturday
Closed Sunday.
Situated at the top of Steep Hill in Upper Lincoln, the business location is just a short stroll from Lincoln Castle and Lincoln Cathedral. In Cathedral quater it sits among the other thriving businesses in this picturesque and highly sought-after trading location. The site is easily accessible on foot and by all modes of transport and is in arguably the best location in Upper Lincoln. The site benefits from plenty of passing footfall with ample pay and display parking close by.
Period property located on Steep Hill in Lincoln City; the site is spread over four levels comprising:
Lower ground floor: private changing rooms.
Ground floor: main trading area with service counter, all display racking & carousels,
First floor: additional storage space with clothing display units, Kitchen & WC,
Second floor: additional changing rooms, comfy seating, mirrors, all display units and storage facilities,
Full CCTV system throughout the site.
Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £22,500 per annum with 4 years remaining on the current 10 Year lease
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
