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Increase in Online Sales form previous years. Thriving business during lockdown restrictions providing Pure Cotton Fabrics for ppe. Established since 2013 and trading from this location since August 2
Showing a net profit of £30,000 with plenty of potential for growth
Immaculately presented premises throughout and expertly managed
A huge range of quality fabrics available supported by online sales with have improved during 2020
Reference - 47553
Description Lymington is a port town on the west bank of the Lymington River on the Solent in Hampshire. It faces Yarmouth and the Isle of Wight, to which there is a car ferry service. The town is a popular tourist destination and has an affluent population due to the New Forest and its harbour. It is a major yachting centre, with three marinas.
The business is located at the top of the main town centre route and is superbly presented. The current turnover is £170,000 with a net profit of £30,000. 15% of sales are generated online, and this possesses plenty of potential for growth as well as increasing open hours.
There is a dedicated single car parking space at the rear of the property but no residential accommodation.
Sales Currently shop sales average £153,938 2020
Accounts Current records and accounts can be inspected when viewing.
Trading Hours Tuesday – Saturday 09:00 – 17:00
Staff Managed by the owner with 2 part time staff.
Building Internal The building is a characterful three storey, is terraced and double fronted with large bright windows.
The main entrance is located at the centre of the premises and there is a second rear entrance with display windows accessed through Roundhouse Court.
Residential Accommodation There is no residential accommodation for owners/management available.
Tenure We are advised that the property is held on a 15-year lease which commenced in December 2005.
We have been advised by the seller that the landlord is happy to negotiate a new lease with a potential buyer at the end of 2020.
The currrent annual rent is £15,000 exclusive (correct as advised on 18/11/19). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary Nicola’s Fabrics is a fantastic fabric store located in the very affluent seaside port town of Lymington.
Immaculately presented and profitable with an excellent website that has substantial potential for growth. Awarded a 'Highly Commended' 5 Star Award at the British Sewing Awards
An ideal acquisition for a fabric enthusiast, a complete novice or as a bolt-on business for interior or soft furnishing designer. Early viewing is highly recommended.
For more information about this property, please contact Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)
Contact Kings Business Transfer about this property
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