Retail premises for sale in East Barnet Road, New Barnet, Barnet EN4

£49,995
Retail premises for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Please quote reference B06528

Hilton Smythe is delighted to present to the market the Mama’s Closet (Barnet) Franchise, an inspiring and forward thinking new brand franchise opportunity.

Mama’s Closet was established by our client in 2017 who identified that very good quality children’s clothing and accessories were either being thrown away or given away to charity shops for little worth.

Due to the immediate need for our client to spend more time caring for her children, she has decided to sell the Barnet store as the first Franchise opportunity.

The sale of the business includes -


  • New till system

  • Computer

  • Projector

  • Display stands, shelving and clothing rails


Following a very similar Canadian model coupled with the growing need for people to reduce their carbon footprint and recycle more household goods/clothing, the new brand was born!

The ‘sustainable’ business concentrates on both buying designer surplus stock and customer’s unwanted clothing for children of all ages, maternity wear as well as baby/toddler accessories, prams and pushchairs.

In addition to buying and selling clothing/accessories, the brand is very conscious of its need to ‘give back’ and regularly donates surplus stock to nominated charities or worldwide appeals for children’s clothing.

As you can see from the attached photos, the store is extremely well organised and ensures the displays match that of any other High Street Children’s store selling new.

There is an excellent choice of nearly new or never worn clothing, shoes, maternity wear, educational toys, prams and more! They currently offer clothing for 0-14 year olds.

The franchise will include the following –


  • Fully equipped store (new upgraded till system in place, computers, display units, signage etc.)

  • Full business model handover

  • Operational guide pack

  • Initial training and continuous staff training support

  • Advertising help and support

  • Backup storage unit


Due to family reasons, our client employs staff to run and manage the store on a day to day basis which is reflected in the current running costs.

Our client has invested both time and money to get this store ready to franchise and it comes with a large database of loyal and happy customers.

Key selling points –


  • Unique franchise opportunity

  • Fun & quirky brand image

  • Sustainable & Ethical

  • Business website

  • Facebook page – 1664 followers

  • Excellent location

  • Instagram page – 540 followers

  • ‘Turn-key’ opportunity


Very rarely to ‘lifestyle’ changing business opportunities of this type or location come on to the open market and we therefore highly recommend any interested party to make an early enquiry to avoid disappointment.

Location
Mama’s Closet (Barnet) occupies a very busy trading location along East Barnet Road within the heart of Barnet in North London.

The business sits centrally to independently run businesses and larger High street brands such as Sainsburys (directly facing) and Pizza Hut, there is also a busy dental practice directly next door which all result in an excellent busy footfall throughout the day.

There are several good schools within the area as well as St. Margaret’s Nursery school just a few minutes’ walk away.

The business benefits from central to 2 large residential estates which constantly feed new stock into the shop.

We are advised due to the unique business model, customers not only come from the North London area but from nearby Essex and Kent areas.

There is a large Sainsburys customer car park directly in front.

Nearest mainline station is New Barnet and there is a main bus station in front.

Premises
Ground floor –


  • Large front display window with security shutter

  • Open plan retail area with central service desk

  • Small storage area to the rear with staff toilet facilities



Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 5 year lease. The rent is £1,292 per month.

Hours
The business hours are -

Monday – 9:00am – 5:00pm
Tuesday – 9:00am – 5:00pm
Wednesday – 9:00am – 5:00pm
Thursday – 9:00am – 5:00pm
Friday – 9:00am – 5:00pm
Saturday – 9:00am – 5:00pm
Sunday - 11:00am – 5:00pm

Staff
We are advised that the business has 4 part-time members of staff.

Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £77,000, with an adjusted net profit in the region of £25,000. Full financials can be made available upon further request.

Please quote reference B06528

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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