_Business_
_Please quote reference B06769_
Hilton Smythe is delighted to present to the market Suits (Newbury), an
exceptionally presented formal menswear business.
Suits (Newbury) comes with over 20 years of trading history and is now being
offered for sale to allow our client to concentrate on his other business
interests.
Suits (Newbury) is an independent business specialising in Wedding suit hire.
There is a comprehensive _retail_ and _hire_ stock available on site, for hire
or purchase -
* Evening wear
* Wedding attire
* Royal Ascot
* Highland wear
* Everyday suits
* Proms
* Made to measure
The stock is regularly updated with both classic and modern formal wear as
well as an extensive range of accessories -
* Waistcoats
* Ties
* Neckwear
* Hats
* Footwear
* Cufflinks
The business is open six days a week and currently operates a ‘Appointment
Only policy to allow space for social distancing.
There is both an excellent website and Facebook page available detailing the
comprehensive choice of clothing/accessories which allows new customers to see
the ranges before making an appointment.
We are advised throughout peak wedding seasons, the business regularly caters
for 6 - 10 weddings each weekend, and up to 17 weddings on bank holidays.
The business is currently split 70% hire and 30% retail sales.
_Further growth potential - _
* Increased ‘Made to Measure’ work
* More lower priced suits (around £120 price point)
* More ‘Plus Sized’ suits & accessories
* More advertising & wedding fair presence
* Increased social media advertising
* Extended opening hours
As you can see from the business photographs attached, the store is presented
to an extremely high standard. The ‘Turn key’ opportunity will allow any new
owner the ability to walk straight in and continue trading.
_ _Key selling points - __
* Only business of this type/standard available to purchase
* Weddings set to boom this year
* Very well respected in the industry sector
* Broad range of exceptionally maintained stock
* Up to date Facebook page with lots of images
* Business handover period offered
* Further growth opportunity
* Very desirable location & trading unit
Very rarely do businesses of this type, standard or location come on to the
open market and we therefore highly recommend early viewing to avoid any
disappointment.
_Location_
Suits (Newbury) occupies a much sought after trading position on Weavers Walk
in Newbury, Berkshire.
Weavers Walk is an open air courtyard in the heart of Newbury. It offers an
excellent choice of owner managed shops, friendly cafes and restaurants.
Weavers Walk is directly accessed off High street. And there is parking on
West street, with the car park also having access to Weavers Walk.
Newbury is an idyllic market town in the very heart of Berkshire, steeped in
history and surrounded by some of the UK’s most outstandingly beautiful
countryside. The town offers a relaxing yet vibrant atmosphere in which it
enjoys an array of independent and high street shops and restaurants, charter
and specialist markets, and first class arts and cultural experiences.
Newbury town centre is accessed just off the A339 which connects north to the
A34 and M4 motorway.
Nearest mainline station is Newbury, located just a few minutes’ walk from the
business.
_Premises_
The business briefly comprises of the following:
* Open plan retail area
* Large stockroom
* Staff area/toilet facilities
_Tenure_
We are advised the business is being sold on a Leasehold basis with 2. 5 years
remaining on the Lease, the rent is £1, 250 + VAT per month with current rates
payable at £70 per month.
_Hours_
The business trading hours are as followed:
Monday to Friday - 09: 30am - 17: 30pm
Saturday - 09: 30am - 17: 30pm
Sunday - Closed
_Staff_
The business is run and managed by 1 full - time and 1 part - time staff members.
_Financial Profile_
We are advised the business generated a turnover of circa £130, 000 as of 2019,
further financial information can be made available upon request.
_Please quote reference B06769_

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: