Sector - Retail
This retail outlet and online shop sells exclusive clothing, accessories and decor items, yoga mats, and crystals. Located in an upmarket lifestyle centre promoting a conscious and balanced living concept.Give me more information
Fully describe the business's activities?
Retail outlet and online shop promoting a conscious living concept. They sell an exclusive range of eco-conscious clothing, accessories, decor items, etc., manufactured locally and imported from Thailand and Nepal.
How does the business operate on a daily basis?
Serving customers visiting the walk-in shop.
Processing orders received through the online shop.
Maintaining stock by regular stock take and re-ordering as necessary.
General administrative activities.
What Advertising/Marketing is carried out?
Mainly advertising via website and social media and to regular customers via WA.
What competition exists?
This is a unique concept store located in an upmarket area.
How could the profitability of the business be improved?
Meticulous stock control and control of overheads and general expenses will benefit the profitability of the business.
How involved is the Owner in running the business?
The owner visits the store on a daily basis for 2 - 3 hours.
When does the current lease end?
The current lease is being renewed.
What are the trading hours?
09:00 - 18:00 Monday-Friday Winter months
09:00 - 17:00 Saturday
09:00 - 19:00 Monday-Friday Summer months
09:00 - 15:00 Saturday
Closed Christmas and New Year.
What are the main assets of the business?
Main assets include stock and display shelves.
Great location in upmarket area
Overseas tourists (once borders open up again)
Lifestyle (allows owner to travel)
Good cash flow
Meticulous stock control required
The owner believes the store lends itself to being franchised
Open more stores in upmarket areas with high tourist feet
Current economy and effect of COVID-19 worldwide pandemic
Travel risks and limitations
What is the reason for the sale?
The seller wishes to return to the UK .
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