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Excellent Bridal Shop, Established 14 years. East Midlands For Sale

Nottinghamshire, UK
Asking Price:
£75,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
On request

Bridal shop. Established 14 years. East Midlands based. Excellent social media following. 'For Sale'

Ellis & Ellis are proud to present this exceptional bridal business. Established 14 years ago, the business enjoys an enviable reputation and excellent social media presence.

Key information:

  • Flexible working hours.
  • High profit margin.
  • Multiple income streams.
  • Established business.
  • Extensive handover included in the sale.
  • Relocatable.
  • Purchase options with or without the leasehold premises.

THE BUSINESS & PROPERTY DETAILS:
Location: Located in an affluent area, within easy reach of major locations within the East Midlands, the M1 Motorway, Ring Roads, tram lines and bus routes. The sale includes an excellent website and all social media accounts. Benefitting from both private parking to the rear, plus nearby on-road parking. The business is relocatable.

Business: The business is much more than a bridal boutique. Additional services that bring in revenue are; accessories (head-dresses, wedding shoes etc;) a floristry service, tableware (centre pieces and prop hire), the cleaning and storage of dresses, plus an in-house seamstress for those all-important alterations.

Potential: Further income streams are possible. For example, the introduction of Bridesmaids dresses, Mother of the Bride outfits, Groom and groomsmen’s wear, forging partnerships with linked business such as limousine companies and venues etc; Whilst the number of social media followers and reviews are impressive, this business very much lends itself to increasing this further; perhaps creating some hype targeted towards a certain demographic.

Sales: Average turnover for the past 3 years (2022 to 2024) is £178,000 (derived on part time hours).

Trading Hours: Currently by appointment only. Regular trading hours are an option for the new owners.

Stock: To be taken at value.
Staff: Currently 1 vendor working on an appointment only basis, plus 1 part time dress maker (not salaried). In the past the business operated with 1 vendor plus 1 member of staff, having set opening times plus private fittings.
Training: The sale includes a comprehensive handover with the vendor. If required, the vendor will continue to work part time (subject to renumeration, terms to be agreed).
Tenure: Leasehold. New lease to be issued unless the purchaser wishes to relocate the business to another location.
Rent: Current rent £1,450 per month (estimated for new lease).

Summary: This is a beautiful bridal boutique with an excellent trading history. Great customer service and a love for fashion is key in this industry. Ideally suited to someone wanting flexible hours, perhaps a partnership; flexible working hours, high profit margin, beautiful products to work with, the ability to manoeuvre the business into different directions and much more.

Please complete the enquiry form for the full details.

Property Information

Property:

Leasehold

Lease Terms:

A new lease will be made available. Alternatively, the purchaser can choose to relocate the business to alternative premises. (rent estimated).

Leasehold Rent:

£17,400 per annum

Location:

Located in an affluent area, within easy reach of major locations within the East Midlands, the M1 Motorway, Ring Roads, tram lines and bus routes. Benefitting from both private parking to the rear, plus nearby on-road parking.

Premises Details:

The attractive 2-story, air conditioned premises are large and currently underutilised. Upon entering the premises there is a large reception room showcasing a couple of eye-catching wedding dresses in the bay windows, plus the extensive range of prop hire and tableware, signage etc; To the rear of this is a beautifully presented, large and light bridal showroom, which leads onto a dressing area. The dressing area has seating for at least 4 people that may be accompanying the to be bride, along with a private changing area. The ground floor also includes a kitchen and WC. On the 1st floor, there are a further 5 rooms; a sewing room, an office, a storage room for tableware etc, a further room for storing purchased wedding dresses and a 2nd dressing room. The premises are tastefully decorated throughout and give a professional yet comfortable atmosphere; perfect for the special event of choosing a wedding dress. The premises are optional should the purchaser wish to move the business to alternative premises.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Further income streams are possible. For example, the introduction of Bridesmaids dresses, Mother of the Bride outfits, Groom and groomsmen’s wear, forging partnerships with linked business such as limousine companies and venues etc; Whilst the number of social media followers and reviews are impressive, this business very much lends itself to increasing this further; perhaps creating some hype targeted towards a certain demographic.

Competition / Market:

No competition within the immediate area. Customers are prepared to travel to visit quality bridal stores and will seek reviews and recommendations from both the internet, social media and friend and family. The excellent website shows on page one of Google and, along with the glowing reviews and social media following this business attracts customers from many locations.

Reasons for selling:

A change in the vendors personal circumstances.

Trading hours:

By appointment only. Regular trading hours are a potential for the new owners.

Employees:
Currently 1 vendor working on an appointment only basis, plus 1 part time dress maker (not salaried). In the past the business operated with 1 vendor plus 1 member of staff, having set opening times plus private fittings.
Years established:
14 years

Other Information

Support & training:

The sale includes a comprehensive handover with the vendor. If required, the vendor will continue to work part time (subject to renumeration, terms to be agreed).

Relocatable:
This business can be relocated