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Unique Women's Fashion Boutique in Richmond, London Up for Sale

Richmond, London

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    15/02/24

  • Advert ID

    606817

  • Reference

    B07159 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,950
  • Turnover: £207,000 (£3,981 Per week)
  • Net Profit: Not Applicable

Business Details

Extremely Well Established Fashion Boutique For Sale

Business
Please quote reference B07159

Hilton Smythe are delighted to welcome to the market Anna Boutique, a high rated Independent Woman’s boutique in the Richmond area.

The clothing business was first established by our client in 1984 and has built up an excellent reputation and very loyal customer base. 

Anna Boutique has now come to the open market as our client now wishes to take a well earned retirement.

Located on Richmond Hill for 35 years, Anna Boutique provides a handpicked range of unique womenswear, reflecting our clients experience as a stylist and passion for Italian design and use of colour.

Offering a wide variety of premium brands, Anna Boutique is your go-to destination for a refreshing fusion of London style with an Italian twist. As well as a carefully curated selection of womenswear, Anna Boutique also has a unique collection of scarves and a stylish range of leather handbags on offer.

Key selling points -

  • Best Independent Woman’s boutique in the Richmond area.
  • Profitable, up and running with plenty of scope to grow.
  • Valuable Lease. Unique premises, beautiful shop, high class location, near Richmond Park and the river. 
  • Large existing client data base of over 500 (TBC) customers. Attracting younger customers.
  • Big scope to grow turnover through e-commerce web site, Instagram and more active marketing.
  • Stocklist of several sought after brands
Scope to improve -

  • Increase marketing/advertising
  • Post more on social media
  • Attend clothing events
  • Introduce an online purchase/e-commerce on their website


Location
Anna Boutique is located on Hill Rise, in Richmond, Greater London. 

The business has eye catching signage and receives high levels of footfall and passing trade.



Premises
Occupies a double fronted premises

Ground floor -

  • Two large double fronted windows, large front sales area with vaulted high glass ceiling, LED modern lighting, rails, furniture, mirrors, Pergo laminate wood floor, rear sales area similar, fitting room, stock room kitchen facility, lavatory, storage, hanging storage.


Tenure
We are advised that the business is being sold on a Leasehold basis, with 18 months left on the 7 year lease (expires 23.06.2024). The lease has been running on 7 year blocks from 1993 to 2024. A new lease can be renewed for 7 years from 23.06.2024. 

The rent is currently £25,583.51 for the year, with the rent increasing to £26,862.68 on 24.06.23 for the period to 23.06.24.

The current rates payable are £9,000 per annum. 

 



Hours
The current trading hours are -

Monday – 10:00am – 6:00pm
Tuesday – 10:00am – 6:00pm
Wednesday – 10:00am – 6:00pm
Thursday – 10:00am – 6:00pm
Friday – 10:00am – 6:00pm
Saturday – 10:00am – 6:00pm
Sunday – 12:00pm – 5:00pm




Staff
We are advised that the business is run and managed by our client, with the help of 1 member of staff. 



Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £200,000. Further financials can be made available upon request. 



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Contact Agent

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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THIS BUSINESS IS NOW UNDER OFFER

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Extremely Well Established Fashion Boutique For Sale - B07159 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.