Bridal Wear With Potential For Working Owner | | Undisclosed South Yorkshire | | VERY WELL ESTABLISHED BRIDAL WEAR WITH HUGE POTENTIAL Staff run - working owner can reduce wage bill Scope for extending range/ attending wedding exhibitions & providing in house alteration service L/H: £25,000 + SAV REF: 9552DN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46136
ADVERT IMPRESSIONS : 32,645 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Adults Wear | | SALE: | Agent Sale | LEASEHOLD: | £25,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominent main road position in a South Yorkshire town with good links to the motorway network. Location benefits from free car parking.
STOCK: £90,000
HISTORY
The vendor has been in ownership for the last forty years. A well known and respected business throughout the area.
REASON FOR SALE
Vendors ill heath and retirement intentions.
PRODUCTS
The following ranges are sold:
Bridal gowns
Bridesmaids outfits
Accessories and jewellery
Shoes and handbags
Race wear
Prom wear
Evening wear
Selling prices range from £30 - £1,000
SERVICES
A sub contracted alterations service
CUSTOMERS
Mainly from the local area with a high number of repeat and referral trade.
SUPPLIERS
Several exclusivity of supply agreements for well known and branded labels.
STAFF
The vendor, due to ill health, has not worked in the business for the past twelve months. The business is staffed by three part timers which account for a £33,000 annual salary bill.
The vendor also informs us that two to three customers enquire daily for Mother of the Bride outfits which are turned away at present.
OVERHEADS
Staff £33,000 pa
PREMISES
A detached building laid out over two floors, beautifully refurbished and briefly comprising:
Double glazing
Superior flooring, lighting, jewellery cases and hanging systems
Full Red Care system
Full CCTV
3 Changing rooms downstairs
External electric shutters
First floor sales area with two fitting rooms and storage / work room
STRENGTHS
Fully staff run
Excellent location
Sole supplier accounts
Security
Strong margins and sales
Extremely well established
Superb premises
Option to purchase freehold in 5 years
SCOPE
Working owner can increase profits immediately
Attending Sunday shows
Exhibiting at wedding fairs
Late night opening
Sunday opening via appointment
Outfits for Mother of the Bride
Hat hire
Providing an in house alteration service. At present the sub contractor alteration bill is in the region of £20,000 per annum.
N.B. Overlocker /blind hemmers/Sewing machine/steam ironing board & commercial steamers included in the asking price
TENURE
A new 10 year lease
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9552DN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
