Prominent Location Close To High Street
Accounts Available Year End 5th April 2021
Annual Turnover £65,533
Net Profit £26,325
Accounts Available After Viewing
Rent £161.50 Per Week Including Bills
Established 2013
Website In Place
Good Social Media Following
Dedicated Staff In Place
Fantastic Online Reviews
Fully Equipped
Beautifully Presented
Scope For New Product Lines
Potential To Offer Longer Opening Hours
Scope For Online Marketing Drive
EPC - C
REF 7338 – Leasehold Children's Clothing Boutique
Blacks Brokers are pleased to bring to the market this leasehold children’s clothing boutique located in Newton-le-Willows, Merseyside.
INTRODUCTION
Cherubs by Sarah Jane was established by our client in 2013 and was initially an online business after much success the owner then moved to its current premises in this affluent suburb of Cheshire in 2018. The business offers a range of Spanish designer children’s clothing brands. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. The business has a website in place as well as a strong social media following on both Facebook and Instagram.
LOCATION
Cherubs by Sarah Jane occupies two floors of a superb trading position and is close to the high street and busy town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Subway, BetFred and Spar. There are also a number of housing estates and schools nearby. The area is well linked by the M6 with very strong public transport links and parking is available in the immediate area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a seven year lease which began in 2018 at a cost of £161.50 per week.
STAFF
The business operates with one part time member of staff supporting our client working on a full time basis.
FINANCIAL DETAILS
Cherubs by Sarah Jane has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £65,533and Net profit of £26,325. Full financial information is available upon request.
BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This popular and well established business occupies an enviable trading position in a highly sought after area of Newton-le-Willows. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours, possibly a local delivery service where appropriate. There is also scope to expand the social media following with a targeted marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
