White Lion Street, Norwich, Norfolk, NR2

AGENTS NOTE

This is a business for sale as a going concern, not an empty premises for sale or let.

PARTICULARS

We are pleased to be appointed to bring to the market this long established and well known clothing alteration business, situated in a prime location in the heart of Norwich City centre.

Offering an ideal opportunity for a new owner operator or additionally, as an add-on business for an existing operator looking to expand their service provision. With the growing trend for repairing and renewing rather than replacing one would expect to see the business continue to grow in these current times giving confidence in the future viability of it.

If this could be of interest to you then please contact us to discuss in more detail.

THE BUSINESS ITSELF

The business is very well known in Norwich having been established many years and enjoys regular repeat custom from a number of major corporate companies, as well as private individuals and of course much passing trade given its ideal location.

Whilst the core business is in clothing alterations they also take in dry cleaning as an agent for another local company, further enhancing the turnover and profit that is achieved.

The business specialises in bespoke tailoring, leather repairs and prom dresses/ball gowns, but also carries out more general repairs and alterations as required. Given the large basement workshop though, there is adequate room to be able to take on more staff to be able to fulfil a greater number of client requests or to expand the offering into different areas which require similar services.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The shop is situated in the busy pedestrianised part of the city between the main market area and Castle Quarter and benefits from thousands of people passing its doors on a weekly basis.

Enjoying a ground floor glazed frontage leading into the main shop and customer area, measuring 4.6m x 4.2m with wood effect flooring and providing a large service counter with built-in rails behind to hang garments, together with 3 fitting rooms.

A stud partition divides the ground floor area so as to provide a further room with desk and 2 sewing workstations, space for an ironing board and additional clothes railings, all with tile effect vinyl flooring below. This rooms measures in the region of 2.9m x 5.1m and leads through to a landing store room with stairs down to the basement workshop.

The basement is approximately 7.5m x 7.9m maximums and provides space for a number of workstations including 5 Flat Machines, 2 Industrial Overlockers, 1 Blind Hemmer, a Steam Press and large cutting table. The room also provides storage for stock including cotton cones, zips and stoppers. It has the benefit of air conditioning, a tiled flooring and further clothing rails. All in all a very good size space which could be further utilised for the benefit of the business.

FURTHER INFORMATION

REFERENCE NUMBER
Z35435E.

OPENING HOURS
9:00am to 4:00pm Monday to Saturday.

TENURE
Leasehold.

RENT PAYABLE
£28,000 per annum + VAT.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing or grant of a new lease.

RATES PAYABLE
£7,110.75 per annum.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC
The Energy Performance Certificate for the property shows a 'C' Rating and a score of 69.

PRICE
£45,000.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING
Strictly by appointment only, please call our Norwich Office on to make an appointment.

FINANCE
Finance may be available to suitable purchasers.

BUSINESS TO SELL?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.