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REF: NE2254

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Suit Hire

Durham

£90,000 (Leasehold)

REF: NE2254

Location

 

The business is situated on Sherburn Road at the junction with Gilesgate and Sunderland Road, approximately a mile east of Durham City centre.  There are free car parking options nearby.

 

Durham is an historic City approximately 15 miles due south of Newcastle upon Tyne with the benefit of a mainline railway station and direct access to the A1(M).  There is a Cathedral and Castle plus a reputable University.

 

Business

 

This business has been trading for over 40 years and was established in 1984 but has been placed on the market as   the owner wishes to retire.

 

The premises are configured to provide a display and retail space to the front with changing rooms off.  Beyond the retail space there are alterations and staff welfare spaces plus a large stockroom.

 

Troughear Suit Hire has an excellent reputation with social media reviews that comment positively upon the value, service, quality and attention to detail that is provided.   

 

The business offers suits for a range of events including proms, weddings, race days and other celebrations.  All stock, which amounts to hundreds of suits, will be included in the sale and manufacturers include Torre and Witvorst.       

 

This is a niche but very profitable business opportunity ideal for a new owner to develop further by utilising some modern marketing techniques and embracing wedding fayres.

 

Premises

 

Comprises a self-contained ground floor of a two-storey mid terraced property with access front and rear.

Ground Floor   

Retail Area                                36m2        390ft2

Rear Shop                                14m2        150ft2

Store                                        20m2        215ft2

W.C.                

External

Car Parking to rear

 

Services

 

Electricity, gas and water is installed.

 

EPC

 

Rating TBC.

Current Trading Hours

 

Mon, Tues, Thurs & Fri    9.00am - 5.00pm

Wednesday                   9.00am - 12 noon

Saturday                       9.00am - 4.00pm

Sunday                                closed

 

Staff

 

Currently owner operated.

 

Fixtures & Fittings

 

A full inventory would be made available prior to an exchange of contracts.

 

Rates

 

The premises are assessed as follows:

Rateable Value £5,900

Rates free incentives subject to status.

 

Tenure

 

The premises are offered on a new EFRI lease at a commencing rent of £12,000 per annum. Full terms to be agreed.

 

Money Laundering Regulations

 

In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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