Bridalwear Mens Hire Ladies Wear 26 Years Trading For Sale

Business description

This is an outstanding opportunity to purchase a long standing and highly successful bridal boutique.

Established in 1983 and with an excellent reputation, the business attracts customers from the length and breadth of the country.
As well as sales the business is the only shop in the area offering a bridal wear hire service as well as bridesmaids and evening wear hire. Being the only agent in the area for a hugely advertised and successful range of evening and occasion wear hire for ladies.

There is an outstanding bridal accessories department which includes the sale of tiaras, veils, jewellery, fascinators, handbags, shoes, lingerie and mens accessories.

There is an alterations and made to measure service which is offered via our self employed alterations hand.

A highly visited web site is included in the sale which features on the first page of many popular search engines.

The turnover is around £80,000 with potential for further growth through extending opening hours and opening on a Wednesday and/or Sunday, the attendance of bridal exhibitions and developing the huge potential for the sales and/or hire of prom dresses. There is also an income of £4200 pa from tenants in flat above shop.

The rent for the full building is £6000 pa, which includes the shop and flat above. This makes the rent payable on the shop £1800 when the flat rent is taken into consideration.

The business currently has two owners and one saturday girl. The shop can be run by a single owner but would need an extra person on a saturday.

There is a successful Mens formal hire service on offer in the shop which has potential for expansion through bridal fayres and targetting male dominated locations via specific advertising techniques. The mens hire service is operated as an agency with samples in the shop (and included in the stock sale) with an easy to use computerised touch screen ordering system.

The shop is located in a terrace adjacent to a wedding photography business and a florist/craft shop, hairdressers and newsagents. There is ample free car parking and it is located 3 minutes from the local motorway junction. There is a busy trading estate a few minutes away and a busy restaurant/pub close by. The shop is just off a busy main road with easy access.

There is one other bridal shop a few miles away but competition is at a minimum as both shops stock completely different bridal designers.

Above the shop and included in the lease is a two bedroom unfurnished flat which currently is sublet and occupied by very amiable, long term tenants who regularly and promptly pay their monthly rent.

Current trading hours are 9.30am - 4pm closed on Wednesday and Sunday.

All stock, fixtures and fittings are included in the sale.

The shop has a reception/display area, large showroom with two fitting rooms. A staff area and toilet. Large store cupboard.

The premises is alarmed with double glazed shop front. Rear door and secure rear windows.

The current owners are reluctantly selling the business due to unavoidable relocation by one owner and early retirement by the other.

You will be buying a mature, reputable business and the current owners will happily negotiate a hand over/help period to ease the new owner/s into the running of the shop.

Property information

Property:

Leasehold

Lease terms:

Ongoing yearly lease

Leasehold rent:

£6,000 per annum

Location:

3 mins off motorway junction. Close to busy trading estate and busy restaurant/pub. In terrace adjacent to wedding photographer & florist.

Other information

Competition / Market:

Minimum competition with nearest shop a few miles away but stocks different designers. Only bridal wear hire company in the area.

Support & training:

Will negotiate a hand-over period.

Reasons for selling:

Unavoidable relocation.

Trading hours:

9.30 am - 4pm
Closed Wednesday & Sunday