Retail premises for sale in High Road, Harrow Weald, Harrow HA3

Description

A unique and rarely available 'turn-key' business opportunity. Lucrative retail clothing business for sale with the option to buy the freehold premises which includes the trading retail shop and flat above which is let on a 12 month AST. The business is a supplier of school uniforms and children's clothing supplying uniforms for a considerable number of schools, that has been in the area for over 40 years and owned by our client, who is now looking to retire, since 1981. With consistent turnover well in excess of £500,000 in recent years and further potential to increase the turnover and profits with a fresh approach and online sales. Located on High Road Harrow Weald on an established vibrant secondary retail parade. Additional to the retail area there is further ample storage that will be available to the new business owners. The flat is set over 2 floors, on the first floor there is a reception/living room and a kitchen. On the second floor are two bedrooms and a bathroom.

Teenywear is a great business purchase for many reasons including;
* Income from the flat above
* Long established in the area over 40 years
* Known across Harrow and surrounding areas
* Huge Potential to further increase income.

Tenure
We are advised that the business is being sold on a Leasehold basis with a New Fri Lease on Completion at a rental of £19,000 pa with an option to buy the Freehold at £600,000 additional to the premium being advertised for the business. The flat generates an income of £14,400.00 per annum let on a 12 month AST.

Hours
The business hours are;

Monday - 9:00am - 5:30pm
Tuesday - 9:00am - 5:30pm
Wednesday- 9:00am - 5:30pm
Thursday - 9:00am - 5:30pm
Friday- 9:00am - 5:30pm
Saturday- 9:00am - 5:30pm
Sunday - Closed

Staff
We are advised that the business is owner run and managed, with the help of 2 full time and 2 part time members of staff over the busy, Summer period.

Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £511,000, with an adjusted net profit in the region of £130,000. Full financials can be made available upon further request and application.
Brockenhurst highly advise to register your interest early to avoid disappointment. All appointments to be made strictly via Brockenhurst.

Tenure: Leasehold