Sold. High Quality Department Store & Spa Specialising In Skincare, Cosmetics, Fragrance, Lingerie

High Quality Department Store & Spa Specialising in Skincare, Cosmetics, Fragrance, Lingerie & Ladies Fashion Accessories including Handbags & Travel bags

Ref.AK037
Location Lancaster
Asking Price £ 375,000

This historical and well established department store has been part of the fabric of Lancaster for over 47 years and in that time it has developed into a truly wonderful destination store for the city. With its high profile location in the High Street and distinctive character property appearance the business draws in visitors from near and afar with many customers travelling significant distance to visit such is the quality and range of the offerings and agencies in store. The owner has spent a great deal of time effort and resource on the design, fitting and branding of this ladies department store to ensure that shopping is a thoroughly enjoyable leisure experience.

Not only does this retailer have many highly valued and exclusive agencies, many of which are not available in other establishments within the region, the store presents its wares in such a way that they all complement each other beautifully.

This boutique is situated over 2 floors (plus basement and top floor which are currently used for stock, staff facilities and storage) and is split into the following core revenues centres:

Expansion Potential
Such is the reputation this business enjoys there is no reason why the “brand” could not be developed further. Furthermore there is no reason why the product range could not be expanded to cater for more areas of the traditional department store sector.

The business has not really addressed e-commerce opportunities to date. This is a massive growth opportunity as is the proper development of the business’s customer database. The business could also benefit from further investment in I.T. particularly on the accounting and payroll functions.