Retail premises for sale

£60,000

Aberdeen, Aberdeenshire AB51

Retail premises for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • Well Established
  • Enviable Location
  • Excellent Location
  • Stock Included

Property description

Reference - 44319

Description
Avril Oenone Millner is an extremely well run business that was established since 2003 by the current vendor. The business has been placed on the market due to the current proprietor’s impending wish to retire from the retail trade. The business trades throughout the year and benefits from a good database of clientèle. Avril Oenone offers an extensive range of ladies and gents hats along with accessories and bags for all occasions.
Additional marketing is carried out through its own informative website

Situation
The business is located on Rosemount Viaduct in the centre of Aberdeen city. The shop is in a popular locale and benefits from being surrounded by residential and commercial properties.

Building Internal
The property is a terraced lock up unit comprising of two floors, ground and basement. The main entrance is from the front which leads into a well presented sales floor. The sales floor is well fitted with several hat display units and benefits from a workshop area to the rear. The basement level is accessed via a timber construction staircase from the main shop floor. The basement offers full standing height and is well fitted with shelving. The basement is currently used as storage but could offer additional retail space.

There is a private staff WC located within the communal hallway.

Business
The business was founded by the current vendor in 2003. Since its inception Avril Oenone Milliner, has built up a fantastic reputation for occasion headwear along with everyday headwear for both ladies and gents. The business offers bespoke handmade pieces along with a wide range of stock from other well-known designers, including: Hats by The London Hat House, Herald and Heart, Bettleys, Snoxalls, J Bees, Whiteleys, Failsworth, Kangol and Philip Somerville each with their own characteristic look, along with an extensive range of jewellery, pure silks wraps and bags available from stock or can be made to individual requirements.

For the bride the business also offers a wide range of unusual tiaras and fascinators from John Frost and Richard Designs.

Avril Oenone also offers an alteration, repairs and stretching service.

The business trades all year open five days (Tuesday - Saturday) from 10:00-17:00

Building External
The front of the property is straight to street.

Services
We are advised all services are present.

Tenure
The current vendor owns the freehold and is looking to offer a 10 year Fri lease with an annual rental of £9,600.

Accounts
The business had a turnover in excess of £45,000 in 2015 with an ebitda of £19,447.
Full figures are available on request.

Summary
The sale Avril Oenone Milliner offers a rare opportunity to purchase a well established business and brand which is trading well but with potential for expansion of the business.

Price
Offers over £60,000 are sought for the leasehold, fixtures and fittings, stock, website, goodwill, database and telephone number.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on .

Arrange Viewing

For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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