For Sale
Well established Children’s Clothing Franchise for sale
Barnet, Hertfordshire
- Asking Price: £49,995 +SAV
-
Turnover:
We are advised as per the 2019 accounts, the business generated a turnover in the region of £77,000, with an adjusted net profit in the region of £25,000. Full financials can be made available upon further request.
Please quote reference B06528
- Tenure: Leasehold
Please quote reference B06528
Hilton Smythe is delighted to present to the market the Mama’s Closet (Barnet) Franchise, an inspiring and forward thinking new brand franchise opportunity.
Mama’s Closet was established by our client in 2017 who identified that very good quality children’s clothing and accessories were either being thrown away or given away to charity shops for little worth.
Due to the immediate need for our client to spend more time caring for her children, she has decided to sell the Barnet store as the first Franchise opportunity.
The sale of the business includes -
- New till system
- Computer
- Projector
- Display stands, shelving and clothing rails
The ‘sustainable’ business concentrates on both buying designer surplus stock and customer’s unwanted clothing for children of all ages, maternity wear as well as baby/toddler accessories, prams and pushchairs.
In addition to buying and selling clothing/accessories, the brand is very conscious of its need to ‘give back’ and regularly donates surplus stock to nominated charities or worldwide appeals for children’s clothing.
As you can see from the attached photos, the store is extremely well organised and ensures the displays match that of any other High Street Children’s store selling new.
There is an excellent choice of nearly new or never worn clothing, shoes, maternity wear, educational toys, prams and more! They currently offer clothing for 0-14 year olds.
The franchise will include the following –
- Fully equipped store (new upgraded till system in place, computers, display units, signage etc.)
- Full business model handover
- Operational guide pack
- Initial training and continuous staff training support
- Advertising help and support
- Backup storage unit
Our client has invested both time and money to get this store ready to franchise and it comes with a large database of loyal and happy customers.
Key selling points –
- Unique franchise opportunity
- Fun & quirky brand image
- Sustainable & Ethical
- Business website
- Facebook page – 1664 followers
- Excellent location
- Instagram page – 540 followers
- ‘Turn-key’ opportunity
We are advised that the business has 4 part-time members of staff.
The business hours are -
Monday – 9:00am – 5:00pm
Tuesday – 9:00am – 5:00pm
Wednesday – 9:00am – 5:00pm
Thursday – 9:00am – 5:00pm
Friday – 9:00am – 5:00pm
Saturday – 9:00am – 5:00pm
Sunday - 11:00am – 5:00pm
Mama’s Closet (Barnet) occupies a very busy trading location along East Barnet Road within the heart of Barnet in North London.
The business sits centrally to independently run businesses and larger High street brands such as Sainsburys (directly facing) and Pizza Hut, there is also a busy dental practice directly next door which all result in an excellent busy footfall throughout the day.
There are several good schools within the area as well as St. Margaret’s Nursery school just a few minutes’ walk away.
The business benefits from central to 2 large residential estates which constantly feed new stock into the shop.
We are advised due to the unique business model, customers not only come from the North London area but from nearby Essex and Kent areas.
There is a large Sainsburys customer car park directly in front.
Nearest mainline station is New Barnet and there is a main bus station in front.
Ground floor –
- Large front display window with security shutter
- Open plan retail area with central service desk
- Small storage area to the rear with staff toilet facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 5 year lease. The rent is £1,292 per month.
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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.
