Leasehold Fabrics & Haberdashery Business, Church Walk, Leamington Spa, Warwickshire, CV31 1EF

Leasehold Fabrics & Haberdashery Business Located In Leamington Spa
Genuine Retirement Sale
Est 1998
Ref 3151

Asking Price £9,950 plus SAV (£90,000)

Location
A fantastic opportunity to acquire this respected Fabrics & Haberdashery Business which is located In Royal Leamington Spa. Situated within a prominent and highly visible trading position on Church Walk. Officially known as Royal Leamington Spa and is a picturesque town located in Warwickshire, England. It is situated approximately (2 miles) south of the historic town of Warwick and around (8 miles) north of Coventry. Leamington offers a vibrant shopping scene, with a mix of independent boutiques, high street stores, and a variety of cafes and restaurants. The town's diverse culinary scene caters to a range of tastes, from traditional British dishes to international cuisine.

Business Description
Veritas Business sales offer to the market this delightful Fabrics & Haberdashery Business which is located in Leamington Spa. The business was established by our client back in 1998 and they are reluctantly offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the premises in good order and the fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Royal fabrics & haberdashery is overseen by the owner but operated daily by 2 staff members and for year ending 31st May 2024 posted an annual turnover of £78,992. We are offering the business for sale at a very competitive price and can come with or without staff. Stock must be taken and we estimate that there is circa £90,000 at cost price. They retail fabrics, needles, haberdashery, wool, lace, net curtains, cotton and buttons.
We believe that there is further potential to increase revenue by having an owner operator at the helm and by doing in house alterations and having sewing classes.The first floor has enough space to expand the product range. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Saturday - 09:30 - 17:00
Sunday - closed

Leasehold
Term: 10 years
Remaining: 6 years
Rent: £14,500 pa
Business Rates: zero

Ground Floor
Retail sales area comprising: numerous sales & display shelves, serving counter, sales counter with till (Casio), worktable, hallway with fabric reels and door leading down to the cellar.
Kitchen comprising: sink with drainer, base units, storage racking/shelving, worktops, base units, cabinet and microwave (Russell Hobbs).
Basement
Storeroom and metre cupboard.

First Floor
Sales & display shelves and work table.
W/C with wash basin, water heater (Triton), storage unit and wall mounted mirror.

EPC Rating C