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Retail Property (high street) for sale

London Road, Leigh-On-Sea, Essex, SS9

165 sq. m. | £199,995

Property Description

Commercial information

  • Business for sale
  • 1,776 sq ft (165 sq m)

Key features

  • REF 12895 LEASEHOLD
  • LADIES DESIGNER CLOTHING BUSINESS

Full description

Tenure: Leasehold

LOCATION
The business occupies a prominent trading position within the heart of the vibrant community in Leigh-on-Sea, Essex.

Z Collection is situated in a prime position within a busy retail parade on the A13, the main thoroughfare through the town and within a heavily populated residential area.

The business benefits from off road parking to the front and parking at the rear. The nearest bus stop is within minutes of the business with regular bus services running throughout the day.

BUSINESS
Hilton Smythe is delighted to introduce to the market Z Collection. The only ladies clothing designer offering this unique label with 35 year's trading history.

This specialist clothing outlet offers high end bespoke clothing and accessories for the over 45's wanting something not available on the high street in a size and design that suits their requirement and size.

The business reports a healthy turnover of circa 128,500 with a great gross profit at 64%, with we believe the potential to easily triple current turnover by introducing internet sales. The business has an outstanding reputation for the quality of garments and professional service with a customer base of over 800 loyal clients, with an average spend of 500 per client per visit and clients traveling from over a 150 mile radius.

The store is immaculately presented with the garments tastefully displayed throughout. Z Collection offers outfits for both informal and formal occasions such as full outfits for the mother of the bride, long cruise ship holidays, christening, parties, social gatherings and a good range of complementary accessories including hats and jewellery.

All the clothes are measured and made on site with a team of 3 seamstresses fully trained by our client. Our client is happy to offer a handover of all designs, materials and agreements with suppliers. The business previously offered design and manufacturer of airline uniforms, music group uniforms and choir group outfits, an aspect of the business a new owner may wish to pursue to further income.

We would encourage early viewing of this outstanding business venture which genuinely comes to the market as our client looks towards a well-deserved retirement.

PREMISES
Double fronted premise with large glass display windows.

Retail shop with service counter, hanging rails, jewellery cabinet and 3 changing cubicles.
Management office housing 2 desks, pc and filing cabinets.
Workroom 1 - large work table, material store and design store.
Workroom 2 used as a manufacturing and sewing room.
Kitchen.
Staff toilet.

The business benefits from off road parking to the front for 4 cars and a further 4 spaces to the rear.

TENURE
We are advised leasehold on a rolling lease arrangement, with terms to be agreed. Rent is 16,500 per annum.

HOURS
The business currently opens: -

Monday to Saturday 9.30am -2.00pm

A new owner may wish to look into extending opening hours to further income.

STAFF
The business is owner run and managed with the assistance of 3 members of staff working 30 hours a week.

FINANCIAL PROFILE
The business reports a healthy turnover of circa 128,500 with a great gross profit at 64%.


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