Fashion Accessory, Handbag, Jewellery Shop And Freehold Shop for Sale
Thirsk, North Yorkshire
Freehold : £ 199,000
Gross Profit : 50%
High Street / Just off Market Square in main shopping area.
Jewellery, Handbags and Accessories Boutique in Thirsk, North Yorkshire For Sale
A local silver jewellery boutique, fashion accessory and handbag shop selling scarves and other ladies accessories, located in the central Thirsk shopping area. Offered as a FREEHOLD and just off the main market square, ideally situated to catch the attention of the many tourists visiting Thirsk.
The business is now well rooted and known locally, affectionately as 'The Handbag Shop'. The customer base being a mixture of regular local customers and the many tourists who visit Thirsk each year. The freehold offered is located in an area likely to appreciate in value due to its high street location and consists of three further storage rooms for stock. Running costs are very low and there is scope to let rooms above the main shop area.
Included in the sale is the company website, all goodwill necessary to take over the running of the business smoothly, any existing transferable contracts and agreements, two domain names, all fixtures, fittings, contents and display items purchased over the years of development.
The boutique is nestled between an antiques shop and a popular café, concentrating on the retailing of silver jewellery and handbags, and holds sole stockist status for several popular well known affordable brand names. The only dedicated outlet for handbags in Thirsk and also known as one of the relatively few Whitby Jet stockists outside of Whitby.
There is a huge opportunity for further development and expansion represented in this opportunity, combined with the limited risks of an affordable freehold in a prime location. The fabric of the building is well maintained and well presented.
The company owns the two domain names closest to the shop name (.com and .co.uk), the website has been professionally built and is an ecommerce website able to take payments from customers without any monthly charge.
This lovely ladies shop would be perfect for an owner operator and has returned a wage for the current owner from opening. There is still much scope to develop this young business much further which could easily see turnover and profits double. Having being established in the heart of the recession and producing and income throughout, there really is a lot of opportunity here.
This area of retail has practically no waste or depreciation, very low overheads, superb profit margin and can also be very tax efficient. It is also easily possible to generate a good income with a low turnover, at the same time being a great investment opportunity.
Viewing is essential. The current owner is reluctantly coming into semi-retirement, and whilst the shop is run on very sociable hours for a retail business, equity release is also a consideration. A 50% share is also a possibility if required. This company represents a contemporary approach to a traditional industry with branding to suit.
||10-4.30 Mon-Sat (wed seasonal)