Main Road Trading Position
Accounts Available Year End 31st July 2021
Annual Turnover £48,321
Gross Profit £17,172
Accounts Available After Viewing
Vendor Spent £120,000 on Fixtures & Fittings
Strong Social Media Following
Excellent Online Reviews
Owner Operator / No Staff
Comprehensive Website With Online Shop
Scope To Expand Product Range
Potential For Longer Opening
EPC - C
REF 7404 – Leasehold Clothing Accessories Store
Blacks Brokers are pleased to bring to the market this leasehold clothing & accessories store located in Southall, Greater London.
Southall Designer Outlet Ltd was established by our client in this busy central area of Southall in 2015. The business offers a range of designer clothing and accessories for men and women. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Yell. Southall Designer Outlet Ltd has a comprehensive website in place with online shop.
Southall Designer Outlet Ltd occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco and Esso. Southall Train Station is also nearby. The area is well linked by the M4 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on an Internal Repair Only lease (IRO lease). The current lease is a twenty year lease which began in 2015 at a cost of £721 per week.
The business operates with our client only in employment.
Southall Designer Outlet Ltd has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2020 show annual turnover of £48,321 and gross profit of £17,172. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established business occupies an enviable trading position in a busy area of Southall. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.