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Church Street, Basingstoke, Hampshire, RG21

£74,995
148 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,593 sq ft (148 sq m)

Key features

  • REF: 13603 J
  • LEASEHOLD
  • ALTERATIONS BUSINESS
  • CLOTHING REPAIRS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market The ZipYard (Basingstoke). This alterations business was established in the town of Basingstoke in 2012 by our clients. The business is part of a large well-known franchise, guaranteed trade. The owners are now looking to sell the business, due to health reasons.

This is a franchise business offering clothing alterations, dress re-styling, garment repairs, tailoring, leather jacket repairs and alterations, school and work uniforms, wedding and bridal wear fitting and alterations, prom wear and formal wear alterations. The store also offer a 1 hour express service for zips, hems and minor repairs. Also available is an out of hours bridal fitting with 2 on site changing rooms. Local deliveries are available to a loyal customer base.

Contract work is done for company's such as Johnsons, Moss Bros and Debenhams.

The franchise has an IT system, this allows a garment tracking system with SMS text messages, sent when garments are ready for collection. The purchaser will be provided with full training from the franchise. The IT system and website comes from the franchise, which has over 10 other locations across the country.

The franchise has a very good reputation with honest pricing for repairs. The ZipYard has been successfully advertised in the local Basingstoke newspaper with previous radio advertising, as well as website offers through the franchise site.

All equipment is owned by the business, full equipment list available upon request.

Our clients currently pay 8% to have the franchise per month. This includes all the signage, IT system, franchise website and for the business name.

This is a fantastic franchise opportunity, perfect for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
The ZipYard (Basingstoke) is located in Basingstoke, Hampshire.

The alterations business is situated in a prime trading location in the town centre of Basingstoke. Situated next door to the entrance of the main shopping centre in the town. This location thrives from all year-round heavy footfall and passing trade.

Basingstoke is the largest town in Hampshire, it has a population of circa 107,355 as of the 2011 census. The town is 30 miles from Southampton and 48 miles from Central London. This is an excellent location for those looking to commute into the surrounding busy towns and cities.

The M3 motorway network runs by Basingstoke, this is a busy motorway that runs from Southampton into the centre of London. The A339 also runs around the town, this connects to the M4 motorway network. The town boasts exceptional road connections and also benefits from great public transport. There are several main bus routes in the area and the town has its own train station.

PREMISES
The ZipYard (Basingstoke) boasts a substantial sized property. The business is a franchise and comes with branded signage; this is clearly visible to passing trade.

Large prominent service counter with till point and computer on entry. The service counter is branded and there is branded signage around the retail space. Behind the counter are hanging rails for collections. To the left-hand side is an alterations section, this is open to awaiting customers. Behind here are hanging rails for clothing.

Through to the rear of the property are two changing rooms, there is also an open alterations room, staff office, storage areas and a further work room. The work room is a generous size and has sewing machines and two ironing stations.

The large staff room is secured and has a kitchen and toilet.

To the rear of the property is a staff parking space.

Full equipment list available upon request.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 7 years.
Remaining lease length: 6 years as of 2017.
Rent: 26,000 per annum.

HOURS
The business opening hours: -

Monday - Friday: 8:30am - 5:30pm
Saturday: 9am - 5:30pm
Sunday: Closed

STAFF
The business is run and managed by our clients, with the help of four trained machinists.

FINANCIAL PROFILE
Turnover information to be advised.


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