£34,995

Retail premises for sale

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Under offer
Business
Retirement

£34,995

Retail premises for sale

Nottingham, England, United Kingdom NG1

Local area information

Property location

Nearby amenities

  • Stone Soup Academy 0.2 miles
  • Sutherland House School (SEN) 0.3 miles
  • Nottingham 0.5 miles
  • Netherfield 2.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Nottingham to find out more about the area.

Features and description

Business
Scope for change of use.
Looking to do a deal on stock.

Hilton Smythe welcomes to the market James. This long established bridal wear and millinery concern has been operating since 1860 with our client successfully running the business for over fifty years, only now does the business come to the market as our client looks towards a well-deserved retirement.

The business has an excellent reputation for the professional service and exceptional quality of merchandise, resulting in a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

The store is beautifully presented and offers a wide range of designer gowns such as Alan Hannah, Claire Pettibone and Ian Stuart to name a few, with complementary accessories including shoes, handbags, tiaras and veils. James is also a renowned millinery with a wide selection of bespoke hats and fascinators available for all occasions. On the second floor is a workshop where alterations are made in-house, a huge benefit to the business.

The business has a user friendly website giving more information and gallery of stock, which changes from season to season.

This is a lovely business, ready for a new owner to walk in and start trading immediately and continue this highly reputable concern.

Location
The business is located in the vibrant city of Nottingham.

Situated in a prime trading position within a pedestrianised area of the city, surrounded by a plethora of retail outlets and amenities ensuring high footfall throughout the day. The business also benefits from being in close proximity to a public multi-storey car park.

Nottingham is served by the East Midlands Airport and the M1 motorway passes to the west of the city. As you would expect from a city the area is well served by public transport with a mainline railway station and excellent bus network.

Premises
Double fronted mid parade premise briefly comprising:-

Ground

Split level main shop area with:

Well-presented double frontage window display areas, display cabinet with hat stands and drawers and hanging rail.

Steps up to additional sales area with seating, bridal gown hanging rails, display cabinets, 2 x curtained changing cubicles.

Rear storage area. Stock room with shelving and cabinets.

Stairs to first floor

First floor

Bridal consultation room with:


  • 3 x curtained changing cubicles, seating, bridal and bridesmaid gowns hanging/display rails, dresser display cabinets, shoe display racks.
  • Stock room
  • Office
  • Kitchen
  • Toilet facilities
  • Fire exit onto flat roof area

Second floor

Workshop and storage area with:

Cutting table, sewing tables with 2 x over-lockers and 1 x lockstitch machines, hat storage units, cupboard storage and hanging rails and iron.

Third floor

Attic room with stairs access. (used as stock room).

Cellar area for further storage.

Tenure
We are advised leasehold.
Original lease length is 6 years
Reviewed every 3 years
Rent is £16,500 per annum.

Hours
Tuesday – Friday 10.00am – 4.30pm
Saturday 10.00am – 5.00pm
Sunday and Monday closed.

There is the potential to extend opening hours if required.

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

Financial Profile
The business reports a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

More information

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