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Beautifully Presented Bridal Shop

Tamworth, Staffordshire
Leasehold Price:
£39,999
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
245201
Reference
B05343 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market, Novia Bridalwear.

Novia Bridalwear was founded in 2003. The current owners have run the business for the last two years or so and it has been a real labour of love for them. The business is now being sold, albeit extremely reluctantly, only because of difficult personal circumstances. The vendors are keen to see their beloved Bridalwear shop pass to an ambitious and entrepreneurial new owner who can take this well-established business to the next level.

Novia Bridalwear offers a range of services and products including made to order bridal gowns, sample sale dresses, made to order bridesmaids dresses, prom dresses, men’s suit hire, flower girls, jewellery, head pieces, veils, belts, Bolero jackets and much more.

The business prides itself on its friendly and helpful service catering for its customers individual needs. A particularly lucrative income stream is proving to be plus size dresses. The business offers a payment plan to their customers enabling them to spread the cost of their big day. Evening appointments are offered.

Brands stocked by Novia Bridalwear include;
Allure Bridalwear
Sincerity
Veromia
Millie Grace Bridal
D’Zage
Special Day
Cameron Ross (Hire Wear).


The sale will include the company website (noviabridalwear.co.uk) and Facebook, Twitter and Instagram pages and the business enjoys great visibility on the internet via websites such as www.yell.com, www.ukbride.co.uk, www.hitched.co.uk, www.192.com, www.guidesforbrides.co.uk etc.

Scope to improve
Advertising and marketing campaign
Upgrade the existing website perhaps offering an e commerce facility
Attend wedding fairs
Extend the opening hours, the business is currently trading reduced hours due to personal issues
Network with other wedding professionals
Work on website search ability (SEO)


Reasons to Buy
A well-established business with an enviable reputation and many satisfied customers
Perfect trading position on a busy main road
Includes website and all social media platforms
Ideal owner managed or partnership business
All fixtures and fittings making this a real Turnkey business opportunity
Includes living accommodation or immediate rental income
Would suit a first time business owner looking for their first foray into self-employment
Low running costs with inexpensive rent and no business rates
Current owner happy to offer a handover to ensure the continued success of the business
A real opportunity to increase turnover and profits significantly, the business is currently being run at a pace to suit due to personal issues.


Hilton Smythe highly advise early viewing to avoid disappointment

This lovely little business is likely to attract considerable interest.








Location
Novia Bridalwear is located in Tamworth.

Tamworth is a large market town and borough in Staffordshire, 14 miles north-east of Birmingham and 103 miles north-west of London. Bordering Warwickshire to the south and east and Lichfield to the north and east. Tamworth takes its name from the River Tame, which flows through it. In 2015, it had a population of 77,157.

The main road running through Tamworth is the A5 bypass. The M42 motorway runs to the east of Tamworth and the town is served by Junction 10 which also includes Tamworth Services.

Tamworth railway station located on Victoria Road serves the town. Tamworth Station is a high and low level station and serves as an interchange between the West Coast Mainline and the Cross Country Route. A smaller station called Wilnecote railway station on the Cross Country Route serves the suburbs of Wilnecote and Two Gates.

Novia Bridalwear is perfectly situated in a main road position alongside other complimentary retail business, such as a tanning salon and busy convenience store and thus benefits from high levels of foot fall and passing trade.

The business is beautifully presented and maintained with clear visible signage and distinctive, upmarket livery. There is free on street parking in the roads and streets surrounding the premises.

Premises
Novia Bridalwear occupies the ground floor of a modern, end terraced property, is beautifully presented and fastidiously maintained and briefly comprises;

Shop
Window and glazed door to front creating a light, airy and inviting interior, window display area, expensive looking wood effect flooring, LED lighting, perimeter rails for the display of dresses and gowns, freestanding glass display cabinet, white painted dresser with shelves, drawers and cupboard, central gondola with hanging space in a chrome finish, sofa providing a customer consultation area, low table, painted desk with chair, two generous changing booths with mirrors, hooks and seating.


Kitchenette
With space for kettle, microwave etc


WC
With close coupled toilet and hand wash basin.


The premises are secured by a CCTV system with smartphone connectivity.

To the first floor is a generous three bedroom flat that is presented in good order. The flat is currently rented and achieves rental income of circa £7800 per annum.



Tenure
We are advised that Novia Bridalwear is being sold as a leasehold business opportunity. The existing lease has approximately 2 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The rent is £16,000 per annum which is really reasonable given the size and location of the premises.
Rental income from the flat will mitigate a considerable amount of the rent.We are advised that the business benefits from being exempt from business rates.




Hours
Monday Closed
Tuesday Closed
Wednesday to Friday 10.00 – 15.00
Saturday 10.00 – 16.00
Sunday Closed


The business is currently being run on reduced hours. Increasing the opening hours will generate a significant increase in turnover.



Staff
The business is run and managed by one of our clients.



Financial Profile
Novia Bridalwear generates an advised current turnover of circa £52,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit due to personal issues and has enjoyed higher turnover previously.
An ambitious and entrepreneurial new owner working longer hours should quite quickly expect to see turnover and profits increase significantly.




Seller Details
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Listing Details
Leasehold Price: £39,999
Tenure: Leasehold
Sector: Bridal Wear Businesses, Menswear Businesses
Financials
Annual Turnover: £52,000
Location Statistics
What's nearbyi:
Venture Tree Services Ltd (approx. 0 mile)
Unipart Logistics (approx. 0 mile)
Dreams Tamworth (approx. 0 mile)
Plumber Tamworth & Gas Fitter (approx. 0 mile)
Our Shop (approx. 0 mile)
Headway (approx. 0 mile)
Bolehall Manor Club (approx. 0.3 mile)
360 Revive (approx. 0.4 mile)
Moor Lane (approx. 0.4 mile)
Moor Lane (approx. 0.4 mile)
Listing Statistics
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