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Great Clothes Shop for sale in Scarborough, Whitby & Surrounding
Scarborough, Whitby & Surrounding, North Yorkshire
Business overviewRetailer that has been successfully trading in the same position for a number of decades in the desired seaside town of Filey.
The business sells an interesting range of products over split tier retail space. Primarily the business sells carefully selected clothing as well as a wide selection of household products to compliment an extensive range of tourist gifts.
The business is in an ideal position along Union Street. This combines a strong tourist footfall with an accessible position for the locals whom fuel the business's winter trade. As a silt of this the shop is in a minority group of independent retailers who are able to open throughout the winter. This goes to show that the business is more than just a shop fuelled by tourism.
The property is if a very deceptive size and makes extremely practical use of the space available. The rent for the business is currently £625 and the premises is exempt from business rates for the next few years. As a result of this the business is genuinely profitable.
The yearly turnover figures for the business have always exceeded £50,000. The majority of this is taken in the summer months with a average summer revenue of £1500 per week. This generated strong profits of around a 50% margin on an average of goods.
There is a vast selection of clothing on offer in the lower part of the business that has been carefully selected by the owner. There is flexibly on the price of these products and the business regularly has popular sales.
There is still strong potential within the business and it would be suggested that any purchaser would develop the tourism section in the summer. This would require financial investment but could see an instant reward, especially with the growing number of visitors to the east coast.
The business is split over two levels, customers enter through a single doorway within the centre of a glazed shop. The front of the shop contains products on special offers to encourage customers to come into the shop. The lower section of the businesses stocks clothing. There is a sales counter on the right hand side.
To the rear of this and up a few stairs is a larger sales floor which is split into two aisles by a double sided sales shelf. There are a number of departments in this section which is well lit and practically laid out.
At the back of the premise is a kitchenette, WC and further storage for the shop.
The business holds a demanding strong position on Union Street within Filey. Due to its excellent central position the business is highly visible and used both local residents and tourists.