Northamptonshire Bridal Wear Retailer For Sale

Business description

Advent Business Sales are delighted to offer to the market this well established and popular bridal wear and menswear hire business.

Founded by our clients over 4 years ago, the business is only now being reluctantly offered for sale due to the ill health of one and the other wishes to retire.

The business offers a wide selection of bridal dresses from many well known designer brands.

Apart from bridal wear, the business also offers bridesmaid dresses, mother of the bride, shoes, tiaras, veils, fascinators and jewellery. They have a full fitting and alteration service, should it be required.

The business has an excellent range of menswear to hire and uses one of the UK’s leading formal hire companies so they can be assured of getting a choice of traditional or contemporary styles. Gentlemen can go into any one of a large number of shops to be fitted for their suites, which can be picked up and collected at a single destination.

The business, which has an excellent local reputation with a high referral rate employs 3 part time staff who work approx 7 hours per week each with the 2 vendors working full time.

Advertising is via its own excellent web site, various bridal magazines and attending wedding exhibitions.

We are advised that stock at cost included within the shareholders funds is circa £20,000 and is included in the price.
REF: 9269NN

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 2 years
Remaining lease: 2 years
Review every: 2 years
Rent: £8,500 P.A.

We are advised that the annual business rates are currently: £1,300

Location:

The business has an ideal location set in the centre of a country estate near Milton Keynes. Other shops within its courtyard setting include a gift shop, beauty shop, tea room, ladies fashion and a farm shop, who all contribute in attracting good footfall levels to the area.

Nearby towns include Towcester, Stony Strafford, Milton Keynes and Buckingham.

Premises details:

BUSINESS PREMISES:
The business is arranged over 2 floors of a detached country cottage set in an upmarket private estate and briefly consisting of:

Ground Floor
• Entry from courtyard with bridesmaids and menswear hire to right
• Through to brides dresses with displays of shoes, jewellery and accessories
• Dress room with full length mirror, comfortable sofas
• Stairway off to first floor with mother of the bride, stores, kitchen, office and w/c
• Fully carpeted throughout with an excellent ambient electric heating
• The premises are fully alarmed
External
• Large communal car park, which serves all the businesses on the estate and is free of charge

Other information

Expansion potential:

Although our clients clearly have a successfully and profitable business, it still offers excellent scope to increase sales and profits further by:
1. Offering prom/evening dresses which is a growing market
2. Offering menswear hire for other occasions.
3. Have an additional bridal fitting room to ensure no loss of customers on busy weekends.
4. Offer other wedding related items

Trading hours:

Mon-: closed
Tues-Sat: 10am – 5pm
Sun: 11am – 4pm

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