Award Winning Upmarket Bridal Wear Retailer | | Undisclosed Warwickshire | | WARWICKSHIRE AWARD WINNING UPMARKET & EXPANDING BRIDAL WEAR High visible location in affluent area Excellent range of designer bridal wear & accs A/T: £217,649 GP: £103,992 NP: £54,680 Outstanding reputation & superbly presented Scope to expand business L/H: £180,000 +SAV REF: 1173CV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68024
ADVERT IMPRESSIONS : 10,772 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £180000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business has an excellent high visibility location on the edge of an affluent town in Warwickshire.
HISTORY
The business was founded by the current vendor over 4 years ago, during which time she has successfully expanded the product range to the point where it is now surely regarded as the premier bridal boutique in the region.
REASON FOR SALE
The business is only now being reluctantly offered for sale as she is moving to London as her husbands job is re-locating.
PRODUCTS
Bridal gowns to suit every style of wedding by well known designers including:
o Alan Hannah
o Jenny Packhman
o Plus other exclusive designers
Mother of the bride outfits by Condici and Inspirato
Shoes, hats, fascinators, jewellery, tiaras and other accessories
SERVICES
Any alterations of any type are currently sub contracted to a local seamstress but managed in store.
They also offer a clean and box service for the bridal gown after the wedding.
CUSTOMERS
Approximately 30% of clients are local to the business with the remaining 70% coming from all around the country, attracted by the exclusive designers who show in the shop.
STAFF
The business has 2 full time staff including the vendor and 1 part time who works for only 2 hours per week.
TRADING HOURS
Mon, Wed to Sat: 10am to 5pm
Tues: 10am to 8pm
FINANCIALS
2011 2010 2009
Sales £217,649 £183,867 £155,301
Gross £103,992 £85,489 £77,705
Net £54,680 £38,167 £39,311
Stock holding £57,000
PREMISES
Centre entry door either side of attractive bay windows, the bridal shop is very well presented throughout in a boutique style
Original wooden floor on entry but carpeted elsewhere, there is a good ambience throughout which the vendor has created with 3 chandeliers interspaced with soft spot lights
There is a single changing room but there are movable curtains which can be formed to make another room if required
Side rails with bridal dresses and mother of the bride on display
Cellar for storage
Redcare alarm system
They also benefit from a side window display which throws extra light into the shop
There is a large free of charge parking area nearby and also free of charge on street all around the shop.
STRENGTHS
A good established business which has been trading for over 4 years
High visibility location in an affluent area
Excellent presentation with a new owner having nothing to do on takeover
Outstanding customer reputation with a high referral rate from one bride to another
Superb product range by many well known designers
Has already won 2 major awards and is currently short listed for a third.
Excellent brand within the industry
Award winning website that can be self maintained in parts
SCOPE
Develop the existing website for accessories to increase online sales
Attend wedding fayres and fashion shows
Have selected advertising, as the business does very little currently
Move to a larger shop to enable the product range to be increased, especially mother of the bride
TENURE
Leasehold
Original Lease: 10 years with a 5 year break clause
Remaining lease: 6 years
Review every: 5 years
Rent: £12,000 per annum
Rates: £200 per annum
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 withou 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: | 1173CV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
