Retail in Legwear and Underwear in a fantastic location

Company history/background

The company traces its origins back to before the Second World War. The current owner, the third generation, has no successor. The business is situated in the heart of the city center, on a beautiful shopping street in a medium-sized municipality with approximately 40,000 inhabitants. In addition to loyal customers, the general public therefore knows how to find this specialty store.

Company activities

The entrepreneur has been achieving excellent results for years, supported by a good sales team. In addition to hosiery, the assortment consists of underwear, lingerie, nightwear, swimwear, and other related accessories. Top 5 brands are Puma/Levi's, Sloggie/Triumph, Mmarcs, Oroblu, Ten Cate, etc. Top 5 suppliers are Ten Cate, Stitch, Oroblu, Triumph, Beeren, and Socks House.

Unique selling points

The property, situated in a fantastic location, is owned by the seller and is therefore leased to the buyer, for which a market-rate lease agreement will be drawn up. The lease concerns the ground floor (shop) and part of the 1st floor (warehouse). The stock is up to date, as is the business inventory. Value of stock approx. 125k, book value of business inventory 40k.

Other

For years, the entrepreneur has achieved a pre-tax profit of approximately 50k on a turnover of approximately 550k. The entrepreneur's management fee and rental costs have been included in these figures. As the seller has no successor and has reached retirement age, we are seeking a successor who wishes to continue the business, expand it with online and social media activities, or simply rent the premises.