Ref 6627 – Leasehold Fashion Retailer
Blacks Brokers are pleased to bring to the market this leasehold fashion retailer located in a busy area of Halifax town centre, West Yorkshire.
This high street fashion retailer has been trading on King Edward Street since 2011. Our client has established a large base of regular customers and a superb reputation. The business has a comprehensive website with ordering system and stocks a range of designer jeans, clothing, shoes and trainers including Jack Jones, Converse, Puma, Head, eto, Adidas, Cross Hatch, Enzi and David & Grenzo. Please note the current business name is not included in the sale.
The business is positioned on King Edward Street, which is a busy main street in the town centre of Halifax. The town centre is filled with a range of large multiples including McDonalds, Lloyds, kfc and much more as well as independent retailers. The area is well linked by the M62 and A58 with excellent public transport links and parking is available in the immediate vicinity.
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated. The business is therefore offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is ten years and began in 2011 at a cost of only £153 per week. The landlord pays for the heating of the building.
The business is currently operating with one full time manager and 1 part time member of staff in employment.
The business has traded solidly since 2011. We are advised that the business currently has a Projected Annual Turnover £78,000, with Projected Gross Profit £36,000. Further financial details are available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb town centre trading position in Halifax. The shop has an excellent reputation and a good base of customers. There is plenty of scope to develop the business further with the introduction of longer opening hours, new product ranges and a strong marketing drive. 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. Business: £10,000.
Please quote ref: 6637