Leasehold Bridal And Fashion Shop Leicester For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £75,000 with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owners wish to re locate.
• An easily run operation.
• A good first time buyers business.
• An internet and retail business.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving ladies wedding and formalwear business, which has been established since2006. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to relocation.

This very good business opportunity provides ladies formal and bridal wear. The concern has expanded into a retail outlet after much success on the internet

The concern employs no staff and is owner run.

The owners’ role is very hands on and she works full time.

The owner markets the business on the internet and at bridal exhibitions. There is also a very good website with a good SEO programme in place.
As far as competition is concerned there is very little competition locally.

The client base consists of ladies all over the country with the success of the online side of the business.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the exposure of the business to more exhibitions.
• Increasing the product line to include more products.
• With an enhanced website.
• Open the business on Wednesdays.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The present turnover is £75,000 per annum with a gross profit of £50,000 and a net profit of £25,000. The wages are £0. The present value of the stock is £10,000 and the fixtures fittings and equipment are worth £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £125,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 2 years with 0 years remaining. The rent is £6,000 pa with no review. The rates are £600.

Location:

This superb business opportunity is situated in Leicester in the County o f Leicestershire .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.
The location is well linked with the M1 and the railway station close by. The business has clientele from all over the country with internet sales although the retail side of the business attracts a local clientele. The locale offers a good lifestyle opportunity.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 20ft x 30 ft. The front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear are a fitting room and a store room. There are a toilet and staff facilities and a kitchen.

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the exposure of the business to more exhibitions.
• Increasing the product line to include more products.
• With an enhanced website.
• Open the business on Wednesdays.

Competition / Market:

As far as competition is concerned there is very little competition locally.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Trading hours:

The business operates from Monday to Saturday between 10am and 5 pm. It is closed on Wednesdays and Sundays.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£10,000