Business For Sale > White Lion Street, Norwich City Centre, Norfolk

This well-established and highly respected clothing alterations business is located in the heart of Norwich city centre. Known for the exceptional quality of their work, the business attracts a loyal client base from retail customers and corporate partnerships. With a growing focus on clothing repair and upcycling, this business is ideally positioned for growth, and its prime city-centre location and broad service offering make it an exciting prospect for both new and experienced professionals in the industry.

THE BUSINESS:

Having operated successfully in Norwich for many years, this clothing alterations business has built a reputation for reliability and expertise, attracting repeat customers from private individuals and local companies alike. Situated in a high-footfall pedestrian area near key shopping destinations, the business enjoys consistent passing trade. Services include bespoke tailoring, leather repairs, prom dress alterations, and everyday clothing adjustments, catering to a diverse range of client needs. Additionally, acting as a dry-cleaning agent for a local provider brings in supplementary revenue, enhancing turnover and profitability.

With a spacious basement workshop and well-maintained equipment, the business is primed for expansion. Opportunities exist to increase staff or introduce complementary services, providing significant growth potential to meet demand.

PREMISES:

The business occupies an attractive, well-known location in a bustling pedestrian area between Norwich's market and Castle Quarter, benefiting from a steady flow of potential customers.

The Main Shop Area includes a ground-floor entrance with a full-glazed frontage, inviting customers into a welcoming space. Measuring approximately 4.6m x 4.2m, this area includes a large service counter with built-in garment rails and three fitting rooms, providing a comfortable and convenient experience for customers. The wood-effect flooring and large front window adds to the inviting retail environment.

Beyond the main shop, a stud partition creates an additional Workspace Area measuring approximately 2.9m x 5.1m. This room is equipped with two sewing workstations, space for an ironing board, and additional garment rails, all enhanced by tile-effect vinyl flooring. The area leads conveniently to a landing storeroom with stairs down to the basement.

The Basement Workshop is a significant asset, measuring approximately 7.5m x 7.9m and fitted with industrial-grade equipment, including five flat machines, two industrial overlockers, a blind hemmer, a steam press, and a large cutting table. With ample storage for zips, fabrics, and other essential supplies, this space is well-organised and efficiently designed to handle a high volume of alterations. The basement also benefits from air conditioning, tiled flooring, and additional garment rails, providing a comfortable workspace for a new owner and staff alike.

KEY INFORMATION:

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL INFORMATION: In order to release further information on the business - such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: Z35435E.

OPENING HOURS: Monday to Saturday, 9:00am to 4:00pm.

TENURE: Leasehold.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or the grant of a new lease.

RENT PAYABLE: £28,000.-- + VAT per annum.

RATES PAYABLE: £7,110.75 per annum.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: 1 part-time staff member at the time of instruction.

EPC: Rating of 'C/69' - full document available on request.

PRICE: £45,000.-- PLUS STOCK AT VALUATION.

For the benefit of the leasehold interest, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.

DISCLAIMER:

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.