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Blacks Brokers are pleased to bring to the market this leasehold fabric and haberdashery specialist located in the busy town centre of Macclesfield, Cheshire.
The Fent Shop was established by our client’s family in 1989. There was huge demand for a fabric shop in this area of Macclesfield. The business stocks thousands of metres of fabrics and a large selection of haberdashery and craft fabrics. The Fent Shop has become well known, with a large base of repeat customers, and this high footfall area ensures additional trade from passers by and visitors to the area. The Fent Shop has a good amount of excellent reviews noted on Google and Yelp. Our clients have introduced a website and social media presence in recent years which brings further custom, these areas could be further enhanced with the addition of an online shop and ordering service.
Situated in the centre of Macclesfield, the business occupies an enviable trading position in a mainly commercial area of the town. The area is filled with both local shops and large multiples including Aldi, William Hill and Lloyds Bank. Macclesfield is well linked by the A537 and public transport links are excellent with Macclesfield Train Station within a short distance. Parking is available in the immediate area.
The business is ideally suited to a hands-on owner-operator or partnership, but our clients are looking to retire. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is currently on a competitive rent Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling lease that has been in place since 1989. The lease runs at a cost of £244 per week. A new lease can be negotiated for the new owner.
The Fent Shop operates from the ground floor of a large, converted mill. The business has signage displayed to the front and side. Inside, the main shop floor is a very spacious, open plan area filled with thousands of rolls of fabrics and haberdashery stock which is displayed on freestanding display units. There is also a cutting area fitted with specialist cutting table, roll cutter, measuring equipment and so on. There is also a small office area and till point. All areas are presented well, and the business is fitted with good quality fixtures, fittings and equipment.
The business is currently operating with our 2 clients both on a full time basis supported by 2 part time staff.
The Fent Shop has traded solidly since opening. The accounts for year ending 2017 show annual turnover of £156,156 with a gross profit of £69,558 and a net profit of £34,003. Further financial details are available upon viewing.