For Sale
Exclusive Designer Ladies Clothing Business
Southend-on-Sea, Essex
- Asking Price: £94,995 +SAV
-
Turnover:
Contact CoGoGo.
- Tenure: Leasehold
CoGoGo is delighted to introduce to the market Z Collection. The only ladies clothing designer offering this unique label with 35 year’s trading history.
This specialist clothing outlet offers high-end bespoke clothing and accessories for the over 45’s wanting something not available on the high street in size and design that suits their requirement and size.
We believe there is potential to easily triple the current turnover by introducing internet sales. The business has an outstanding reputation for the quality of garments and professional service with a customer base of over 800 loyal clients, with an average spend of £500 per client per visit and clients travelling from over a 150-mile radius.
The store is immaculately presented with the garments tastefully displayed throughout. Z Collection offers outfits for both informal and formal occasions such as full outfits for the mother of the bride, long cruise ship holidays, christening, parties, social gatherings and a good range of complementary accessories including hats and jewellery.
All the clothes are measured and made on-site with a team of 3 seamstresses fully trained by our client. Our client is happy to offer a handover of all designs, materials and agreements with suppliers. The business previously offered design and manufacturer of airline uniforms, music group uniforms and choir group outfits, an aspect of the business a new owner may wish to pursue to further income.
We would encourage early viewing of this outstanding business venture which genuinely comes to the market as our client looks towards a well-deserved retirement.
The business is owner run and managed with the assistance of 3 members of staff working 30 hours a week.
The business currently opens: -
Monday to Saturday 9.30am -2.00pm
A new owner may wish to look into extending opening hours to further income.
The business occupies a prominent trading position within the heart of the vibrant community in Leigh-on-Sea, Essex.
Z Collection is situated in a prime position within a busy retail parade on the A13, the main thoroughfare through the town and within a heavily populated residential area.
The business benefits from off-road parking to the front and parking at the rear. The nearest bus stop is within minutes of the business with regular bus services running throughout the day.
The double-fronted premise with large glass display windows.
Retail shop with service counter, hanging rails, jewellery cabinet and 3 changing cubicles.
Management office housing 2 desks, pc and filing cabinets.
Workroom 1 – large worktable, material store and design store.
Workroom 2 used as a manufacturing and sewing room.
Kitchen.
Staff toilet.
The business benefits from off-road parking to the front for 3 cars and a further 2 spaces to the rear.
Tenure
We are advised leasehold on a rolling lease arrangement, with terms to be agreed. Rent is £16,500 per annum.
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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
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