_Business_
_Please quote reference B05291_
Hilton Smythe are pleased to welcome to the market Cahoots (Ladies).
This stylish boutique has been operated by the current vendor for over 20
years in which time it has built up an enviable reputation for quality and
service within the City for style, elegance and expert advice on all aspects
of women’s clothing and which due to retirement this rare and exciting
opportunity has now become available.
The business currently sells a range of designer women’s clothing which
includes evening wear, formal wear, dresses, jeans, jackets, shoes &
accessories plus a fabulous range of underwear and swimwear. The business has
long - established supplier arrangements with the likes of Maria Bellentani,
Lauren Vidal, Hanro, Marie Jo, Maryan Melhorn, Gant, Sbelt - Jeans and jj
Garella to name just a few.
This is truly a once in a lifetime opportunity to take a respected and long -
established business to the next level by developing a strong on - line presence
creating an additional selling platform as well as introducing new product
lines to further expand the existing customer base.
This is an excellent business opportunity which will have a wide appeal and
would suit either an individual or partnership looking for a fresh challenge
with a keen eye for style or for an already established operator looking for
stylish premises or an additional site with the opportunity to travel to shows
and suppliers creating their own style.
The current vendor is also happy to work with the new owner over a transition
period to make the necessary introductions to suppliers and existing customers
to enable the business to continue to flourish and to also offer sound advice
when required.
_Location_
Situated at the top of Steep Hill in Upper Lincoln, the business location is
just a short stroll from Lincoln Castle and Lincoln Cathedral. In Cathedral
quater it sits among the other thriving businesses in this picturesque and
highly sought - after trading location. The site is easily accessible on foot
and by all modes of transport and is in arguably the best location in Upper
Lincoln. The site benefits from plenty of passing footfall with ample pay and
display parking close by.
_Premises_
Period property located on Steep Hill in Lincoln City; the site is spread over
four levels comprising:
_Lower ground floor_ private changing rooms.
_Ground floor: _ Main trading area with service counter, all display racking &
carousels,
_First floor_ additional storage space with clothing display units, Kitchen &
WC,
_Second floor: _ additional changing rooms, comfy seating, mirrors, all
display units and storage facilities,
Full CCTV system throughout the site.
_Tenure_
We are advised the business is being sold as a Leasehold opportunity with the
current rent passing at £22, 500 per annum with 4 years remaining on the
current 10 Year lease
_Hours_
9. 30am to 5. 00 pm Monday to Saturday
Closed Sunday.
_Staff_
The business is run and managed by the vendor with 1 x part time staff
assisting.
_Financial Profile_
We are advised the business is turning over in the region of £155, 000 per
annum working on a very attractive adjusted nett profit.
The business rates are currently £5, 700 per annum.
_Please quote reference B05291_

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