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Well Established Bridal Wear & Prom Dress Shop For Sale

Morecambe, Lancashire
Asking Price:
£19,995
Turnover:
£45,387
Net Profit:
Available on request

Business

Hilton Smythe welcomes to the market Bridal House of Torrisholme, a beautiful Bridal shop, located on Lancaster Road, Morecambe, Lancaster. The business was established in 2011 with our client taking over in 2014, only now is the business coming to the market as our client looks to spend more time with family.

Bridal House of Torrisholme offers a large range of bridal gowns, bridesmaid and prom dresses along with accessories and shoes, with exclusivity on designer brands.

The business has built up an outstanding reputation, boasting 5-star ratings on google reviews with customers stating:
‘Such a friendly atmosphere from the moment you walk through the door. I was lucky to find my dress here. Couldn't have asked for more’ and ‘Couldn't have picked a more perfect place to find my dress. Emma is wonderful and helped me pick out the most perfect dress. Cannot recommend her enough.’

Our client is offering a hand over period to ensure the continued success of the business.

The company has a huge social media presence with over 2500 Facebook followers, an excellent website, with an online booking system. (---.----------------------.--.--)
The shop opens 6 days a week and generates a turnover of £45,287 with a gross profit of £22,872. There is ample scope to increase the revenue such as opening longer hours, offering weekend appointments, attending more wedding fairs etc. There are also 14 high schools within the proximity, therefore a huge amount of scope to increase the Prom Dress section.

Early viewing comes highly recommended as Harrogate annual wedding fair takes place in September. Viewings are strictly by appointment only and arranged by Hilton Smythe.
Bridal House of Torrisholme is a turn key business opportunity in a competitive market which has all the benefits of an established business, coupled with being in a sought-after location with plenty of growth potential for the new operator

Location

Bridal House of Torrisholme is located on Lancaster Road, Morecambe. Lancaster.

The business is surrounded by a wealth of complimentary shops and businesses which benefit from a high volume of footfall and passing trade. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the business.

The area is also well served by the A-roads, being within easy driving distance with the A683, which link to the M6 motorway network

Premises

Bridal House of Torrisholme trades from a prominent central position on Lancaster road, with great, eye catching signage.

Shop floor

Entrance door leading to service area, beautifully decorated creating a fresh and inviting atmosphere. A partition wall separates the shop with the back half being the consultation and dressing room.

Equipment included in the sale comprises of:
Mirrors
Ample Hanging rails
Display stands
Till and card reader
Dressing rooms
Client book
Website
Facebook account

The premises are fully alarmed

Tenure

Leasehold with 3 years remaining on the current lease

Rent: £10,000 per annum.

The business further benefits from being rates exempt

Hours

MONDAY – 10am till 4pm
TUESDAY – 10am till 4pm then strictly by appointment till 8pm
WEDNESDAY – 10am till 3pm
THURSDAY – 10am till 4pm then strictly by appointment till 8pm
FRIDAY – 10am till 4pm
SATURDAY – 10am till 4pm
SUNDAY – CLOSED

Staff

The business is currently owner run with a self-employed seamstress

Financial Profile

The financial report for 2018 show a turnover of £45,287 with a gross profit of £22,872

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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