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Shop for sale

Station Way, Sutton, Surrey, SM3

Leasehold 55 sq. m. | £9,950

Property Description

Commercial information

  • Business for sale
  • 592 sq ft (55 sq m)

Key features

  • REF 12333
  • LEASEHOLD
  • LADIESWEAR RETAIL

Full description

Tenure: Leasehold

LOCATION
The Closet Boutique occupies substantial ground floor premises, ideally located within the quaint village of Cheam in Surrey. The business is set within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business also benefits from good car parking facilities within the area. This is an affluent part of Surrey with two schools nearby.

Cheam is a large suburban village in the London Borough of Sutton, at the southern boundary of Greater London, where it meets Surrey. Cheam village was relatively rural until just after World War I, when streets were widened and old building were demolished and replaced with mock Tudor shops. Today it boasts high street chain stores, as well as independent stores and cafes.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Cheam railway station is approximately five minutes' walk away. The area is also well served by the A-roads, with both the A232 and A217 being within close proximity, which link to the national A-road and motorway networks. Twickenham is approximately 9 miles away and the City of London is 13 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market popular ladies clothing and accessories business, ideally located within Cheam, Surrey.

The business was established by our client in 2014 and is only now being offered to the market due to our client's desire to re-locate. The business currently operates 5 days per week and generates a turnover in the region of 45,000 per annum, with a gross profit of approximately 53%.

Our client offers a variety of ladies fashion items, catering for the 25-45 age range with 6 designer labels not available on the high street, including clothing, bags, lockets and accessories. The property boasts 55 sq. metres of floor space, is very well maintained with high quality fixtures and fittings and is fitted out to suit the trade. Our client has a full customer database.

The business has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Mondays and offering Sunday trading. A new owner could also increase the range of products offered and embark on a modest marketing campaign to highlight the goods offered. The business already has a website in place at www.thecloset-boutique.co.uk, which offers online ordering facilities.

This is an excellent opportunity for a new owner to take this busy boutique to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial ground floor premises, in an ideal trading location, briefly comprising:

Retail area with:

Bespoke clothing rails to both sides.
Central display table.
2 x mobile clothing rails.
Fixed wall shelving unit.
Serve over counter with under storage for cash register and credit/debit card terminal.
Glass display cabinet for jewellery.
Silver fronted drawer units.
Customer seating.
2 x changing cubicles.

Rear kitchen/storage area.
WC.
Access to rear car park.

External:

1 x designated parking space to rear of shop.

TENURE
We are advised Leasehold:

Original lease length: 8 years
Remaining lease length: 10 months as of April 2016.
Review every: 5 years
Rent: 11,800 per annum

HOURS
The business is currently open:

Monday: Closed
Tuesday: 9.30am - 5.00pm
Wednesday: 9.30am - 5.30pm
Thursday: 9.30am - 5.00pm
Friday - Saturday: 9.30am - 5.30pm
Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of 45,000 per annum, with a gross profit of approximately 53%.


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