Established Buckinghamshire Designer Ladies Dress Hire & Sales For Sale

Business description

• Approx 300 designer dresses included in the price.
• Prominent location main road position.
• Excellent Reputation.
• Annual Sales CIRCA £25,000.
• Approx 450sq ft retail space.
• Excellent potential to increase sales.

This is a fantastic opportunity to acquire an established ladies designer dress hire and sales business which has been built up by its current owners.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure and full repairable renewable lease at a rental of £9,000 p.a. with 18 months remaining exclusive of rates.

Location:

The business is prominently situated on a main busy road through this affluent South Buckinghamshire town. Situated within a short drive of Gerrards Cross, Beaconsfield.

Premises details:

A fantastic opportunity to acquire this well-established ladies designer dress / prom dress hire and sales business enjoying an excellent location, and has established itself in the area with a strong regular customer base as well as passing trade. The business has a good variety of ladies designer and prom dresses which they hire and sell with a 60% hire 40% sales ratio. It also sells a variety of handbags, jewellery, shoes and underwear solutions.

The sales area is in the region of 450 sq. ft. The premises are split on two levels. The lower sales area is well equipped with hanging units which allows some of the 300 designer dresses to be displayed. The upper sales area is also well equipped with 3 dressing rooms, seating area, sales counter, additional display of dresses and several full glass display units which display the accessories for sale. To the rear of the premises there is a small storeroom, kitchen and toilet.

Business Operation

Expansion potential:

This is a great opportunity for someone who is looking for a well established business. My clients are offering for sale a complete business including approx 300 designer dresses in their asking price.

Due to our clients’ personal situation the business is currently under achieving it’s full potential. There are plenty opportunities to increase the revenue and profits without greatly increasing overheads. These could include extending the opening hours, currently not fully utilising their website and could be developed into a full e-commence site. A database of approx 3000 past and present clients details and could be used in relation to regular direct marketing. An area of potential growth is the promotion of their Prom Dress with a number of private, grammar and public schools in the area all holding proms each year. One way for doing this would be holding fashion shows at the local schools.

Trading hours:

Monday – Friday 9.30am – 5.30pm Saturday 9.30am – 4.00pm

Employees:

The business is overseen by our clients and a part time sale assistant.

Years established:

15 years

Other information

Support & training:

The owner would be happy to help with a smooth transfer of the business in any way possible. This is a turnkey business with a relatively short learning curve for any new owner.

Financing available:

If you are buying a business or commercial property we can assist you with your finance needs. Our commercial finance partners can assess your circumstances, secure very competitive rates and assist you in your purchase through to completion. Call our office for more details.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£30,000 (included in the asking price)