Shop for salePortobello Road, London, W11
66 sq. m.
- Business for sale
- 710 sq ft (66 sq m)
- Ref 14522 G
Ring designer clothing outlet is located on the famous Portobello Road, Notting Hill, London
The bustling Portobello Road is located in the borough of Kensington and Chelsea in West London. It runs almost the full length of Notting Hill from south to north and parallel with Ladbroke Grove. The Portobello Road Market is the world's largest antiques market with over 1000 dealers selling every kind of antique and collectible. The street offers lots of other independent retailers, fruit and bread stalls, clothing stalls, London memorabilia and more, bars and coffee houses and is one of London's major tourist attractions.
Notting Hill is a vibrant, trendy part of west London and attracts both tourists, city professionals and families who live in the Victorian brick built houses and apartments. The area is also famous for the annual Notting Hill carnival and of course the much loved movie of the same name.
Nearest tube station is Ladbroke Grove and there is metered parking in the adjacent streets surrounding the business. The area is accessed just off the A40 which connects central London to the west and the M40 motorway.
Hilton Smythe are delighted to offer to the market Ring. A designer outlet store established by our client in 2014 who has now decided to sell due to the pressures of his other business interests.
A long time in the making, the boutique came to fruition in 2014. The love of fashion and accessories and creating styles for others naturally led to the dream of opening a sophisticated yet trendy boutique that was accessible for men and women of all ages.
Our client is an outlet for the following brands - Boss, Valentino, Dior, Exponne, Armani , Gucci, Versace, Moschino, Replay , D and G, Diesel, GF Ferre, Exte, Max Mara, Just Cavalli including an excellent range of ladies and men's shoes , accessories from belts to cufflinks .
The store has been popular and thriving. Customers become regular clients and spread the word. The boutique enjoys a healthy social media following as well. Organisations approach the business to participate in community events and/or provide gift certificates and goods for raffles and fundraisers of many kinds.
What sets this boutique apart from any competition is the personal, hands-on attention given to everyone who walks into the store. Customers often approach for help, suggestions, and picking out wardrobes from everyday wear to special occasions. A line Plus sizes are also available.
Customers will find reasonably priced items from £40-£90 on average, with a section of specialty pieces from £200-£4500.
The business is booming and ready for more explosive growth!
It is anticipated that the buyer will continue in the philosophy of an engaging, fun environment that is community-friendly and where women and men of any age can expect excellence in personalised customer service with a variety of unique, trendy, fashionable goods to choose from.
There is approx 1500 pieces of ladies and gents clothing and as Accessories valued in the region of £80,000.
PREMISES AND EQUIPMENT
Shop - 600 sq ft
Fixture and fittings includes all hanging rails, display glass shelving, 9 x glass cube display units, service counter, wall mounted TV screen, till and card machine.
Security system includes: intruder alarm system, 8 x camera cctv system, garments security system and laptop.
Small kitchen and staff toilet.
We are advised Leasehold.
Original Lease Length 5 years.
As o f2017, 1 year remains on the current lease.
Rent is £41,000 per year.
The business opens 7 days a week.
10.00am to 6.00pm
There is the opportunity to open in the evenings also.
The business is owner run and managed with the assistance of 1 part time member of staff.
As of the 2017 accounts the business reports turnover at £80,000, with a gross profit of circa 50%.
The largest opportunity to grow the boutique is to expand into online shopping and extend opening hours, increase the shoe lines, more dresses and men's suits, add designer sunglasses, hats and caps and improving website.
Currently, there is a small online store on ebay and two domain name for the business. The store earns money through in-store clothing and accessories sales, as well as transactions with remote customers who found the boutique on Instagram and Facebook.
2 domain names included 1.www.ringbrands.com 2. www.ringbrands.co,uk
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