Bridal Shop Including Freehold Property For Sale

Business description

Established in 2001, this family owned bridal shop has earned an enviable reputation for offering one of the regions’ most comprehensive ranges of designer wedding dresses, bridesmaids dresses and accessories available. Brides can choose from over 300 top designers creations in a vast range of sizes in the well apointed bridal showroom. Dresses are available either from stock or can be made to order. The company are currently members of the Retail Bridalwear Association

The business runs from a two storey freehold building in a small village on the outskirts of Huddersfield. This is an all year round business with orders already in the system for next year. It is well known in local circles with an active website, easy to run and is profitable. There are good opportunities to grow and to streamline the business going forward. With new owners adding fresh ideas and enthusiasm the business has a bright future.

Customer Service:

From the moment the customers step into the bridal showroom the staff take pride in offering personal service and advice based on a wealth of experience on all aspect of the wedding day. The showroom is on “appointment only” basis, which helps the bride and family to get that personal service that a wedding party demands. There are over 300 dresses in stock to choose from with sizes UK8 to UK32 catered for with prices varying from £200 - £2,000. Brides who want something special can have their dress made to measure taking between 4-8 months from order to delivery, dependent on the designer. There are seamstresses on hand for any necessary alterations and brochures available if required.

As well as the all important brides dress, the showroom also keeps in stock a full range of bridesmaids dresses in colours, styles and fabrics to complement the bridal gown. There is a wonderful selection of “mother of the bride & groom” outfits by well known designers at prices to suit all budgets and tastes. Not to be forgotten the showroom provides an exclusive range of outfits for the groom, best man and pageboys either for hire or to buy. Accessories in stock include tiaras, head dresses, fascinators, jewellery shoes, hats and handbags. There are a large selection of fashionable and desirable Prom and Communion dresses to choose from in stock and elegant cocktail dresses for special occasions.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £185,000 with Gross Profits of circa £60,000 and Net Profits of circa £10,000.

Property information

Property:

Freehold

Location:

The freehold premises are across two floors with the ground floor housing the bridal showroom with three fitting rooms and small office. Rates are £2,253 per annum

There are two opportunities within the property to generate extra income. The first is to expand the stock offering within the shop upstairs with the current owner suggesting that mother of the bride outfits would be an obvious area of expansion.

Upstairs has a partly fitted kitchen with a fitting room and a stockroom. This space could be turned into an upstairs flat with the kitchen already in place and the stockroom which could be used as a bedroom. The only major conversion would need to be the bathroom/toilet and this could easily be achieved with the amount of space available. The flat could then either be used by new owners or be rented out.

Other information

Expansion potential:

The owner has suggested that they do carry too much stock at times and the business could be streamlined to carry slightly less stock and encourage more sales of made to order dresses. There is an opportunity also to get the seamstresses to make the wedding dresses and create their own label giving the business more margin . The other area which is growing and could be expanded is the mother of the bride outfits which have increased in demand over the years.

Competition / Market:

The company has a well appointed website and has an annual brochure which is partially funded by selling advertising to associated wedding companies to feature in the publication. They also advertise in local magazines and in Yellow Pages.

Support & training:

The owner would be happy to help in any way possible to carry out a smooth transfer of the business.

Reasons for selling:

The owner has been running the business virtually single handed for the past eight years and would like to take things easier. This would be a perfect time and opportunity for new owners to take the business onto the next level and take advantage of the free space within the freehold property

Trading hours:

The shop is closed on Wednesdays and open on Sundays from 10.00- 3-00pm. It is open every other day from 10.00- 5.50pm with late nights on a Thursday till 8.00pm. Fittings are strictly by appointment only.