2022 Award-Winning Wymondham Accessories Business for Sale, £153K Annual Turnover

Description

For sale is the independent retail business “Little Boutique”, an award-winning accessories boutique and gift shop, offered due to a change in life circumstances.Annual Turnover: £153,000Net Profit: £65,000Annual Rent: £15,300 (£1,275 per month)Business Rates: ExemptBusiness Established: October 2017Current Ownership: 5 yearsThe business is a well-regarded accessories boutique and gift shop, offering a wide range of jewellery, handbags, fashion items, gifts, homeware, and baby products. It has built a strong reputation within the local community and benefits from a loyal customer base alongside consistent online and tourist trade.The business has achieved strong performance and steady growth since establishment, including recognition such as Retailer of the Year 2022 for South Norfolk and finalist placements in multiple awards.The premises are well-presented and fully equipped, including display furniture, modern till and stock management system, CCTV and alarm system. The business also benefits from strong supplier relationships and a well-established stock base, available by separate negotiation.Marketing channels include an active Facebook page, Instagram account, and website, all of which provide additional growth potential through expanded digital marketing and advertising strategies.The business is currently operated by the owner alongside two staff members, with a simple management structure in place.There is potential for significant expansion through increased advertising, particularly via social media and online platforms, as current marketing activity remains limited despite strong organic performance.An additional opportunity exists to purchase the freehold of the property, which includes a one-bedroom flat on the first floor and one parking space, with the flat generating a potential rental income of £725 per month.Key Features:• Established and award-winning retail business• Strong loyal customer base• High annual turnover £153,000• Net profit £65,000• Low overheads and business rates exempt• Fully equipped and refurbished premises• Strong online presence and growth potential• Option to purchase freehold with rental income potential• Experienced staff in place• Strong supplier relationships