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Business Hilton Smythe welcomes to the market Klassy Fabric's, a well-established business, for sale, due to the owner looking towards a well-earned retirement.
The business sells normal haberdashery items along with quirky out of the ordinary accessories, fabrics and the occasional fad items, cards and crafts. Until recently our client has also offered an alterations service to compliment the business.
The shop is run to suit our client’s situation.
There is plenty of opportunity to increase the turnover, by extending the shop hours, taking up alterations again and perhaps even starting local craft classes.
Location Klassy Fabric's is situated in Ebbw Vale, a busy town at the head of the valley formed by the Ebbw Fawr tributary of the Ebbw River in Wales. It is the largest town and the administrative centre of Blaenau Gwent county borough.
The Ebbw Vale and Brynmawr conurbation has a population of roughly 33,000. It has direct access to the duelled A465 "Heads of the Valleys" trunk road and borders the Brecon Beacons National Park. Premises The premise has a large display frontage and covers circa 59 sqm, offering a good-sized shop area with counter and servery.
A first-floor work room for storage and alterations and a WC.
The premise also has the benefit of gas fired central heating. Tenure We are advised that the business is being sold as a leasehold opportunity, with a rolling lease.
Rent £140 per week hours Monday: 9:30 a.M. To 4:30 p.M.
Tuesday: 9:30 a.M. To 4:30 p.M.
Thursday: 9:30 a.M. To 4:30 p.M.
Friday: 9:30 a.M. To 4:30 p.M.
Saturday: 10:00 a.M. To 2:00p.M.
Sunday: Closed staff The business is currently run by the owner. Financial profile The accounting information for the year ended April 2016 shows a turnover of £28,176 with a gross profit of circa 52%.
According to the voa website the current rateable value is £3,600 per annum, however the current owner informs us that the shop currently benefits from small business rate relief.
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.