Please quote reference B06941
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a relocatable opportunity) an exceptionally well run and popular ladies clothing boutique.
Igigi has been under the careful and meticulous ownership of our client's for a number of years, building up an excellent reputation within the local area. The business has been a real labour of love for our client's accruing an impressive number of regular customers and an unrivalled reputation.
Only now has the business been brought to the open market, as our client's looks to leave the industry and is keen to see the business pass to a new owner who has the same passion, enthusiasm, and drive to take the business forward.
The business curates designers all across Europe and has been working for over 25 years to achieve the current brand commitment. Because of this, the business has exclusivity with these brands to sell their products, meaning they're the only business allowed to sell within a 5 mile radius. This business is being sold on a relocatable opportunity and the new buyer would need to look at having a bricks and mortar store within a 5 mile radius of Hove to keep the brands commitments.
The business has very well established suppliers in place and they have exclusive deals set up to ensure they have access to the latest collections that are not available via other stores within the location of the business, meaning they have something different to offer. This is a fantastic opportunity for the right buyer as there is massive scope to increase sales via a dedicated online store, or it could easily be integrated within an existing business operation, or a new owner could potentially look to relocate the business within the same geographical area within a new premises.
The experienced sales staff are always available to offer help and advice and the business takes great pleasure ensuring that their customers leave the shop happy with their purchase.
The business purchases around £60k stock for the summer season, and around £90k stock for the winter season.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further additions to the stock lines available.
An area buyers could look to develop is the e-commerce side of the business, mainly focusing on their social media platforms and their online sale. The business has been testing this over the last couple months and has seen massive growth. A new buyer could easily explore this further.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, and early enquiries are highly recommended to avoid disappointment.
The business is located on the busy and popular Western Road in the upmarket city of Hove. Due to the current lease almost expiring, the business would need to be relocated or integrated into another business or indeed could be taken online. This is a huge aspect that can be developed.
The business is currently located in a single fronted commercial premises, with access into the bright and welcoming boutique with ample stock display areas, service counter, feature shelving along with access to a small courtyard area to the rear. The premises further benefit from w/c facilities along with ample storage.
Due to the current lease expiring in 2022, the business would need to be relocated to another bricks and mortar store within the area. Further information can be discussed with the sellers.
We are advised that the business is being sold on a relocatable business only opportunity.
The business hours are -
Monday – 10:00 – 17:00
Tuesday – 10:00 – 17:00
Wednesday – 10:00 – 17:00
Thursday – 10:00 – 17:00
Friday – 10:00 – 17:00
Saturday – 10:00 – 17:00
Sunday - Closed
The business has 2 full-time and 1 part-time members of staff.
Full financials can be made available upon furrther request.
Please quote reference B06941