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Retail premises for sale

£28,000

15 Sutton Oak Corner, Sutton Coldfield B74

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Property description

Business
Hilton Smythe is delighted to welcome to the market this popular bridal wear business, which is ideally located within the town of Sutton Coldfield in the West Midlands.

The business was originally established in 2001 and is only now, reluctantly, being offered to the market due to our client’s unfortunate health problems. The business currently operates 5 days per week and by appointment only in the evenings and on Sunday, generating a turnover in the region of £81,100 per annum, with a gross profit of approximately 62%.

Our client offers a wide range of bridal gowns and bridesmaid dresses and is an agent for Sophia Tolli, Eddie K, d’Zage and Amanda Wyatt shoes and accessories, as well as Rainbow shoes and tiaras. The property boasts 72 sq. Metres of floor space, is very well maintained and decorated to a very high standard. The first floor offers a two-bedroom flat, which is currently being rented out for £500 per month, but would make excellent owners’ accommodation, should a new owner desire.

The business has built up an excellent reputation within the area for the high quality of the gowns and dresses offered, which has resulted in a vast amount of word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Thursdays, as the business is currently closed on this day. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has a very informative website in place.

This is an excellent opportunity for a new owner to take this busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Designs on You occupies substantial two storey premises, ideally located within the town of Sutton Coldfield in Birmingham, West Midlands. The property is located within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from excellent car parking facilities to the front of the premises.

Sutton Coldfield is a town and civil parish in Birmingham, forming a suburb of the city. The town lies about 6½ miles northeast of Birmingham City Centre and borders Little Aston, North Warwickshire, Lichfield, Erdington and South Staffordshire. According to the 2011 census, the town had a residential population of 95,107.

The area of the business is well served by the public transport system, with a bus stop directly outside the premises. The nearest railway station is Chester Road, which is approximately 3 miles away. The area is also well served by the a-roads, with both the A4041 and A452 being within close proximity to the property, which link to the national a-road and motorway networks. Coventry is approximately 26 miles away and Solihull is 23 miles away.

Premises
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor with:

Windows and glazed door creating a light and airy interior.
Free standing glass display cabinet.
Alcove shelving.
Window display plinths in each window.
Perimeter hanging rails.
Suspended ceiling with concealed lighting and spot lighting.
2 x generous changing areas with perimeter hanging rails.
High quality carpeting throughout.

To the rear:

Staff room with a range of wall and base units.
Sink unit and drainer with Monobloc tap.
Wall mounted Potterton boiler.
Perimeter shelving.
Floor storage space.

First floor:

Two-bedroom flat, currently let out for £500 per month.

External:

Well signed business.
Good car parking facilities.

Tenure
We are advised Leasehold:

Original lease length: 6 years
Remaining lease length: 6 years, as of September 2016

Rent: £18,000 per annum, which includes the two-bedroom flat

Hours
The business is open:

Monday – Wednesday: 10.00am – 4.00pm
Thursday: Closed
Friday – Saturday: 10.00am – 4.00pm
Sunday and evenings: By appointment only

Staff
The business is owner run and managed with daughter, 1 x part time staff member and 3 x self-employed seamstresses.

Financial Profile
The business generates a turnover in the region of £81,100 per annum, with a gross profit of approximately 62%.

What Zoopla users think of Sutton Coldfield

Overall rating:

  • currently 4.5 stars
Very good - 88% (242 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4.5 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Sutton Coldfield (2.4 miles)
  • Wylde Green (2.4 miles)
  • Four Oaks (2.5 miles)
  • Birmingham International Airport (9.4 miles)
  • Coventry Airport (21.6 miles)
  • East Midlands Airport (29.7 miles)
  • Sharpness Old Docks (63.4 miles)
  • Lydney Harbour (64.7 miles)
  • Woodside Birkenhead Ferry Terminal (74.3 miles)

Nearby schools

View all schools in Birmingham
  • Banners Gate Primary School (0.4 miles)
  • Lindens Primary School (0.4 miles)
  • The Bridge School (0.5 miles)
  • CUL Academy Trust (4.6 miles)
  • EBN Academy Phase 2 (5.0 miles)
  • St Georges Academy (5.2 miles)
  • The Streetly Academy (0.4 miles)
  • Cardinal Wiseman Catholic School (1.1 miles)
  • Oscott Manor School (1.2 miles)
Note: Distances are straight line measurements

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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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Disclaimer

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.

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