For Sale
Well Established Clothing Business For Sale
Upminster, Essex
- Asking Price: £39,995 +SAV
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Turnover:
We are advised the business generated a turnover of circa £130,000 as of 2019, further financial information can be made available upon request.
Please quote reference B06851
- Tenure: Leasehold
Please quote reference B06851
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular luxury menswear business.
The business has been under the careful and meticulous ownership of our client since 2015, building up an excellent reputation. The business has only now come to the open market as our client wishes to leave the industry after many successful years of trading, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.
Filati menswear offers a selection of luxury menswear from a host of leading and popular fashion designers from around the world, with a fine selection of jeans, polo shirts, jumpers, and t shirts, in additions to the main menswear they also stock a selection of high-end accessories including belts, leather card holders, hats, scarfs and gloves but to name a few. The business further benefits from a strong online presence via the dedicated website that adds to the overall sales, this is something that could be further developed by a new owner.
We feel there is scope to increase turnover, by stocking other popular designer brands, along with further promotion of the dedicated website that is already in place.
This outstanding turnkey business trades on its reputation for quality and service and has outstanding future possibilities.
The current business owner is more than happy to offer a hand over period if required.
All fixtures and fittings are to be included in the sale, along with shelving, tables, Tv's and sound systems.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
The business is run and managed by 1 full time and 1 part time staff member.
The business trading hours are as followed:
Monday to Saturday - 10;00am - 17:00pm
Sunday - Closed
The business is located in a prime trading location on the busy and popular Station Road area within the popular East London suburb town of Upminster and benefits from being surrounded by a host of complementary businesses, leading to a good level of footfall, and passing trade.
The town is well serviced in terms of facilities including retail outlets, leisure facilities and schooling facilities. The area also benefits from excellent public transport links by both road and rail, making it a popular commuter location.
The business occupies a smart boutique-style premises surrounded by complementary businesses, benefitting from high levels of passing trade.
The premises had a full refit when opening in 2015 and is well presented throughout with stylish textures and a large display window to the front. The well-stocked, light, and open-plan shop includes two changing rooms, a service counter and two large TV screens showcasing the latest designer outfits. To the rear is a small kitchen, toilet facilities and ample storage space for stock.
Tenure
We are advised the business is being sold on a Leasehold basis with 10 years remaining on the Lease, the rent is £2,000 per month.
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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.
