Fantastic Freehold Bridal Studio | | Undisclosed West Midlands | | FREEHOLD BRIDAL STUDIO Est. 1992, prominent trading position Gen retirement sale, huge scope to increase profits Annual sales 2011: £219,595 Adjusted net profit: £40,000. Must be viewed to avoid disappointment of rare freehold opportunity F/H: £215,000 + SAV L/H: £80,000 + SAV Ref: 1215WV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69442
ADVERT IMPRESSIONS : 13,750 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Wedding Services | | SALE: | Agent Sale | FREEHOLD: | £215000 | LEASEHOLD: | £80,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The freehold premises are located within a smart and highly visible parade of retail outlets which include a dance wear business, tanning studio, dry cleaners, hairdressers, newsagents and a craft shop.
The parade services the needs of the residential community of middle class homes.
There is free customer car parking to the front as well as staff parking to the rear
The area is accessed by both the M6 and the M54.
HISTORY
The business was started originally by the current owner in 1992.
Since its inception the business has established a loyal customer base and has achieved a fine reputation.
REASON FOR SALE
This is a genuine retirement sale.
FINANCIALS
2011 Annual sales £219,595
2011 Gross profit. £116,497
2010 Annual sales £192,394
2010 Gross profit. £110,984
The vendor has informed us that 2011 sales have increased on the 2010 figures
STOCKS
Stock at cost is in the region of £80,000.
SERVICES/PRODUCTS
The business specialises in the sales of Bridal Gowns of well known and internationally recognised brand names.
In addition the following are also sold:
o Brides Maid Dresses
o Flower Girls Dresses
o Accessories
o Veils
o Tiaras
o Shoes
o Jewellery
o Bags
o Prom Dresses
o Hooped underskirts
The owner also offers in house alterations, shoe dying and an after care service
PREMISES
The building is an end of terrace property, which briefly comprises of a retail showroom with displays and a counter
To the rear on the ground floor there is a work room, two changing rooms, w/c, kitchen and access to the rear car park.
To the first floor there is a good size showroom/studio, two fitting rooms with an area for accessories
Stock room and a small office
CUSTOMERS
The owner has informed us that 75% of orders are from referrals and word of mouth.
Customers are mainly from a twenty mile radius with other customers ordering from as far afield as London, the East Midlands and Shropshire.
ORDER BOOK
There is a good forward order book in place for 2013
Deposits are already being placed for 2014 bookings, almost two years in advance
ADVERTISING
The business conducts advertising in the local paper, within the Yellow Pages, Thomsons and on their own web site.
STAFF
The business is staffed by the owner on a full time basis with two part-time sales assistants, and a further two full-time seamstresses.
OPENING HOURS
Monday to Saturday 9:30am to 5:30pm
SCOPE
We have been informed by the owner that there are several areas with genuine potential to increase both sales and profits. They include:
o Sunday openings
o Offering Mens wedding suits via the Brides or through a dedicated evening appointment service for men only
o Holding designer weekends in collaboration with well known brand suppliers.
o A marquee could be erected at the rear which would be a convenient venue for designer events
o Attending wedding fairs and developing links into the Asian Market
TENURE
Freehold/Leasehold
ENERGY PERFORMANCE CERTIFICATE (EPC)
An energy performance certificate will be made available at the appropriate time
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: | 1215WV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
