Ladies Boutique & Online Retailer

Ladies Boutique & Online Retailer

Turnover: circa £286k
Adjusted Net Profit: circa £52k

BUSINESS SUMMARY

Business Name: Undisclosed
Location: Lancashire, North West, UK
Type of Business: Fashion Boutique & Online Store

THE OPPORTUNITY

Offered to market is an established ladies fashion retailer with an unrivalled local presence and reputation for quality of products and service. The business has established an impressive, consistent revenue stream from the two store locations that are strategically located throughout the Northwest and complimented with an online store achieving a national reach.

Prime Location: Strategically located in high-traffic areas with excellent visibility on the main high street of two affluent town locations.
Established Customer Base: A loyal and diverse customer base, both locally and nationally, that values the uniqueness, convenience and quality offered from the brand with a significant following on social media pages including Instagram and Facebook.
Strong Financial Performance: Consistent revenue growth and profitability over the years and consistently strong net profits.
Comprehensive Product Range: Well-stocked inventory catering to the varied needs of customers, which is hand selected by the owners to ensure quality and value for their customers.
Experienced Staff: A dedicated and skilled team that contributes to the efficient operation of the business.
Exclusivity: The vendor has agreed with brands to exclusively stock products within the given locations.

SALE CONSIDERATION

With the owners of the last 14 years looking to retire, the business is being made available presenting a turnkey operation for aspiring entrepreneurs or existing chains looking to expand. The sale will encompass all aspects of the business, including its prestigious brand, loyal customer base and the opportunity to scale the business as per the owner’s requirements.

The premises is a low cost and secure leasehold and will be made available by lease assignment or new lease to be agreed.

FINANCIAL SUMMARY

The business benefits from multiple revenue streams, all of which are robust and consistent, providing a reliable source of income.

PREMISES

The vendor has made significant improvements to the two retail properties and introduced furnishings, fixtures and fittings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.

ONLINE BUSINESS

The business operates a well-designed and highly tactile website which compliments the retail offering with all clothing, shoes and accessories available in store, being made available online also.

The website has full ecommerce functionality as expected and has been thoroughly designed to deliver an exceptional customer experience with account management, various delivery time options and stock management for complete all round usability.

MARKET ANALYSIS

The UK fashion market is a dynamic sector encompassing both boutique fashion stores and online retail. Here's an overview of the current landscape:

Market Size and Growth

Overall Apparel Market: In 2022, the UK's apparel market revenue was estimated at just under £58.5 billion, with projections to exceed £75 billion by 2026.

Online Fashion Market: Online fashion sales in the UK were valued at £31.4 billion in 2022, accounting for approximately 57% of total apparel sales.

Boutique Fashion Stores

Boutique fashion stores, characterized by their unique and curated selections, play a significant role in the UK's fashion landscape. The number of specialized clothing retail stores in the UK reached over 12,200 in 2022, the highest since 2008.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information, please contact us.