Every so often we find that a vendor’s motivation and need to exit a business gathers some urgency. With one of our listings, that time is NOW and we have been instructed to slash the price by 50%. Originally listed at £150,000, or vendor will now accept £75000 for the business.
She owns a niche clothing retail outlet in Newark, Notts, selling high-end clothing and footwear to the country set (Joules, Dubarry, Kath Kidson, White Stuff, etc). Many of the brands are distributed on an exclusive basis for the territory. Turnover is consistent (£550,000) although recent profitability has suffered as she takes herself out of the business to focus on pressing family affairs.
The HUGE potential here is to sell online. The company does not even have a website! Whilst she is territory restricted to sell (for example) Dubarry boots in the Newark area, there is no limitation where she can sell and ship to online! It’s like having the exclusive supply chain all set up via the Newark angle, but having a global marketplace to sell to online!
The premises are impressive, and the location is fantastic. We recently sold a coffee shop on the same street which had huge interest because of the footfall.
With the new give-away price of £75000, move quickly and let us know if you want to take a look.
