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BUSINESS REFERENCE : 7244 / RightBiz LEASEHOLD BRIDAL WEAR BUSINESS IN NORTHUMBERLAND | | | | | | Wedding Parlour Northumberland T/O: £70,000 GP: 70% Well established business. Prominent high street trading position. Currently run at a pace to suit. Immense potential to increase turnover. Freehold option available | | | BUSINESS LOCATION: | Undisclosed Northumberland UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Wedding Services | | SALE: | Agent Sale | LEASEHOLD: | £40000 + SAV | ANNUAL RENT: | £6500 | | | | | | | | | | | BUSINESS DETAILS: | This thriving bridal wear shop is situated in a beautiful east coast town in Northumberland. The business is located on the town's main high street and is surrounded by a wide variety of complementary shops and other businesses, which generate a high daily footfall. The business also benefits from ample parking facilities nearby. The area has excellent transport links via the A1(M) trunk road, as well as good rail and bus links.
Bag A Business is delighted to offer for sale this well established and profitable bridal wear shop, in Northumberland. The business was established by our client in March 2000 and is only now being offered to the market due to ill health. The business quickly established an excellent reputation and the turnover increased year on year. The business is currently run at a pace to suit our client, approximately 18 hours per week, offering a new owner immense potential to increase turnover by extending the opening hours and advertising. Currently the business generates a weekly turnover in the region of £1,350, achieving a gross profit of 70%. This is an excellent opportunity to acquire a well established and thriving business, which offers immense scope for the future, and as such early viewing is strongly recommended.
FINANCIAL PROFILE
W/T £1,350 approx
GP 70%
OPENING HOURS
Mon 9.00am - 3.00pm
Fri 9.00am - 3.00pm
Sat 9.00am - 3.00pm
PROPERTY DETAILS
Ground floor retail premises situated on a busy main shopping street, briefly comprising:
GROUND FLOOR
Sales desk with cash register
Display units for accessories
Garment rails for dresses
Dress display stands
2 x changing rooms
TENURE
Leasehold
Remaining length 10 years
Review every 3 years
Rent £6,500 per annum
Freehold option available | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 7244 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
