Well Established Menswear Business for Sale based in Herne Bay

Herne Bay, Kent
REF: INT3014

Asking Price:
£54,000
Annual Turnover:
£75,000
Annual Net Profit:
£21,600
REF: INT3014
Photo of Well Established Menswear Business for Sale based in Herne Bay
Photo of Well Established Menswear Business for Sale based in Herne Bay
Photo of Well Established Menswear Business for Sale based in Herne Bay
Photo of Well Established Menswear Business for Sale based in Herne Bay

Overview

Tenure:
Leasehold
Established:
2003
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads
  • Strong Supplier Relationships

This is the exciting sale of a well established menswear business based in Herne Bay.

Vic Kimpton stands as the longest-standing shop in the area, proudly serving the community for over 50 years. With an impressive collection of 5-star reviews on Yell, this business has earned a stellar reputation and boasts a loyal client base.

Whether you're seeking casual wear, corporate event attire, or a formal outfit, rest assured that Vic Kimpton can fulfill your requirements. The diverse inventory includes a wide range of brands and items, featuring selections from luxury designer outfits.

Specialising in timeless classic menswear, the business pays particular attention to the larger gentleman, offering sizes up to a 60" waist and 66" chest.

Having been under the same proprietorship throughout its long history, the business is now on the market due to the owner's overdue retirement. This presents an excellent acquisition opportunity within the fashion industry.

Vic Kimpton products include a range of suits, blazers, trousers, shirts, knitwear, topcoats, jeans, underwear, sports jackets, shoes, socks and slippers.

Business Features:
Debit & Credit cards accepted
Free home delivery in the CT postal area
Alteration service
High quality, comfortable shoes
Large volume of stock in store
The last traditional menswear shop in Kent
Bespoke Hand Cut Suits is their speciality
Always courteous personal service

Enhancing the business by updating the website and incorporating an e-commerce element would significantly boost customer engagement. Renowned in the local area for offering garments tailored for the larger gentleman, this reputation can be leveraged to expand the customer base beyond the current catchment area. The online presence and e-commerce capabilities would not only attract local customers but also enable the business to reach a broader audience, tapping into the demand for specialised menswear.

There is the opportunity to expand this business through digital marketing means. This company has a Facebook but would benefit from a targeted marketing campaign incorporating traditional and digital marketing methods. Social media outreach would benefit this business greatly.

Features

Reputation

  • Google: 5

Online Presence

Location

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  • Nearby Car Parking
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£8,400
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
2034
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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