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Shop for sale

Portobello Road, London, W11

£29,950
66 sq. m.

Property Description

Commercial information

  • Business for sale
  • 710 sq ft (66 sq m)

Key features

  • LEASEHOLD
  • Ref 14522 G

Full description

Tenure: Leasehold

LOCATION
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.
BUSINESS
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.

Changing room.

Small kitchen and staff toilet.
TENURE
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.
HOURS
The business opens 7 days a week.
10.00am to 6.00pm

There is the opportunity to open in the evenings also.

STAFF
The business is owner run and managed with the assistance of 1 part time member of staff.

FINANCIAL PROFILE
As of the 2017 accounts the business reports turnover at 80,000, with a gross profit of circa 50%.

OPPORTUNITIES
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.

Social Media
Facebook.
Twitter.
Instagram.

2 domain names included 1.www.ringbrands.com 2. www.ringbrands.co,uk


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