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Retail premises for sale

£29,950

T/A Ring, Notting Hill W11

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Property description

Business
Hilton Smythe are delighted to offer to the market Ring. A designer outlet store established by our client in 2014 who has now decided to sell due to the pressures of his other business interests.

A long time in the making, the boutique came to fruition in 2014. The love of fashion and accessories and creating styles for others naturally led to the dream of opening a sophisticated yet trendy boutique that was accessible for men and women of all ages.

Our client is an outlet for the following brands - Boss, Valentino, Dior, Exponne, Armani, Gucci, Versace, Moschino, Replay, D and G, Diesel, gf Ferre, Exte, Max Mara, Just Cavalli including an excellent range of ladies and men's shoes, accessories from belts to cufflinks .

The store has been popular and thriving. Customers become regular clients and spread the word. The boutique enjoys a healthy social media following as well. Organisations approach the business to participate in community events and/or provide gift certificates and goods for raffles and fundraisers of many kinds.

What sets this boutique apart from any competition is the personal, hands-on attention given to everyone who walks into the store. Customers often approach for help, suggestions, and picking out wardrobes from everyday wear to special occasions. A line Plus sizes are also available.

Customers will find reasonably priced items from £40-£90 on average, with a section of specialty pieces from £200-£4500.

The business is booming and ready for more explosive growth!

It is anticipated that the buyer will continue in the philosophy of an engaging, fun environment that is community-friendly and where women and men of any age can expect excellence in personalised customer service with a variety of unique, trendy, fashionable goods to choose from.

There is approx 1500 pieces of ladies and gents clothing and as Accessories valued in the region of £80,000.

Location
Ring designer clothing outlet is located on the famous Portobello Road, Notting Hill, London

The bustling Portobello Road is located in the borough of Kensington and Chelsea in West London. It runs almost the full length of Notting Hill from south to north and parallel with Ladbroke Grove. The Portobello Road Market is the world's largest antiques market with over 1000 dealers selling every kind of antique and collectible. The street offers lots of other independent retailers, fruit and bread stalls, clothing stalls, London memorabilia and more, bars and coffee houses and is one of London's major tourist attractions.

Notting Hill is a vibrant, trendy part of west London and attracts both tourists, city professionals and families who live in the Victorian brick built houses and apartments. The area is also famous for the annual Notting Hill carnival and of course the much loved movie of the same name.

Nearest tube station is Ladbroke Grove and there is metered parking in the adjacent streets surrounding the business. The area is accessed just off the A40 which connects central London to the west and the M40 motorway.

Premises
Ring designer clothing outlet is located on the famous Portobello Road, Notting Hill, London

The bustling Portobello Road is located in the borough of Kensington and Chelsea in West London. It runs almost the full length of Notting Hill from south to north and parallel with Ladbroke Grove. The Portobello Road Market is the world's largest antiques market with over 1000 dealers selling every kind of antique and collectible. The street offers lots of other independent retailers, fruit and bread stalls, clothing stalls, London memorabilia and more, bars and coffee houses and is one of London's major tourist attractions.

Notting Hill is a vibrant, trendy part of west London and attracts both tourists, city professionals and families who live in the Victorian brick built houses and apartments. The area is also famous for the annual Notting Hill carnival and of course the much loved movie of the same name.

Nearest tube station is Ladbroke Grove and there is metered parking in the adjacent streets surrounding the business. The area is accessed just off the A40 which connects central London to the west and the M40 motorway.

Tenure
We are advised Leasehold.
Original Lease Length 5 years.
As o f2017,1 year remains on the current lease.
Rent is £41,000 per year.

Hours
The business opens 7 days a week.
10.00am to 6.00pm

There is the opportunity to open in the evenings also.

Staff
The business is owner run and managed with the assistance of 1 part time member of staff.

Financial Profile
As of the 2017 accounts the business reports turnover at £80,000, with a gross profit of circa 50%.

What Zoopla users think of W11

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Nearby transport

  • Ladbroke Grove (0.2 miles)
  • Westbourne Park (0.3 miles)
  • Latimer Road (0.6 miles)
  • London City Airport (11.3 miles)
  • London Heathrow Airport (11.3 miles)
  • London Gatwick Airport (25.5 miles)
  • Cadogan Pier (2.9 miles)
  • Chelsea Harbour Pier (3.2 miles)
  • Putney Pier (3.5 miles)

Nearby schools

View all schools in Kensington and Chelsea
  • Colville Primary School (0.2 miles)
  • Thomas Jones Primary School (0.2 miles)
  • Bevington Primary School (0.3 miles)
  • Lansdowne College (0.8 miles)
  • Collingham (1.9 miles)
  • William Morris Sixth Form (2.0 miles)
  • Notting Hill Preparatory School (0.1 miles)
  • Sion-Manning Catholic Girls' School (0.4 miles)
  • Kensington Aldridge Academy (0.4 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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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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