Prominent Main Road Location
Estimated Stock Value £90,000
Accounts Available Year End 31st March 2021
Annual Turnover £32,893
Accounts Available After Viewing
Low Rent - Just £92 Per Week
Further Financial Info Available After Viewing
Established 2003
Shared Premises With Men's Formal Suit Hire Business
Excellent Online Reviews
Comprehensive Website
Beautifully Presented
Scope To Develop Marketing
Potential For Longer Opening
EPC - C
REF 7564 – Leasehold Bridal Shop
Blacks Brokers are pleased to bring to the market this leasehold bridal shop located in Hyde, Greater Manchester.
INTRODUCTION
Once Upon A Bride was established in this busy and sought after area of Hyde in 2003 with our client taking ownership in 2018. The business has become very well known in this area and sector with much trade generated by word of mouth recommendations and referrals. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Yell. Once Upon A Bride has a comprehensive website in place and an active social media presence .
LOCATION
Once Upon A Bride occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Morrisons and Asda. There are also a number of local amenities nearby including car parks, schools and doctors surgery. The area is well linked by the M67 and M60 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s desire to emigrate, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling monthly lease which runs at a cost of £800 per calendar month – this is equally shared with the other business within this building “Perfect Fit” which is a male wedding attire/suit retailer which complements Once Upon A Bride.
STAFF
The business operates with our client only in employment supported by an alterations specialist working on an ad hoc basis – the alterations specialist is due to retire when the business sells.
FINANCIAL DETAILS
Once Upon A Bride has traded solidly since opening and our client has established a strong repeat customer base. The accounts Available Year End 31st March 2021 show that the business has an annual turnover of £32,893. Full financial information is available upon request.
BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This long established business occupies an enviable trading position in a highly sought after area of Hyde. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a strong marketing drive, attendance at wedding fairs and events and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
