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Bridal Boutique Franchise In Liverpool

Liverpool, Merseyside
Status
FOR SALE
Advert ID
251999
Reference
7024 / Rightbiz
0161 763 5000
Leasehold Price: £22,500
Annual Turnover: £37,665
    Main Road Trading Location

    Annual Accounts Available Year End 5th April 2019

    Annual Turnover £37,665

    Annual Gross Profit £30,995

    Not Tied into Any Specific Designer For Stock

    Further Financial Information After Viewing

    Close To Liverpool City Centre

    Owner Operated / No Staff

    Trading 5 Days A Week

    Nationwide Franchise

    Full Franchise Support & Training

    5 Star Google & Facebook Reviews

    Scope For Longer Opening Hours

    EPC - C

Description:
REF 7024 – Leasehold Bridal Boutique Franchise
Blacks Business Brokers are pleased to bring to the market this leasehold bridal boutique franchise located in Liverpool, Merseyside.

INTRODUCTION
Bridal Reloved is one of the UK’s largest bridal chains and the world’s only chain of pre-owned wedding dress boutiques. The franchise sells high end pre-owned wedding dresses throughout award winning, friendly and welcoming boutiques. Wedding dresses are either brand new, ex-sample or worn once and cleaned. The business also sells veils, tiaras and other accessories as well as bridesmaid dresses in some stores.

Bridal Reloved Liverpool was established by our client in this bustling area of Liverpool in 2016. The boutique has become very well known with much business generated by word of mouth recommendations as well as the comprehensive website and other online marketing which is done by the main franchise. Our client has ensured this boutique has an excellent reputation and superb reviews noted on Google and Facebook.

LOCATION
Bridal Reloved Liverpool occupies a main road trading position within a very busy shopping parade. The area is densely populated commercially with neighbouring businesses including independent businesses such as a beauty salon and large multiples such as Boots. Sefton Park is also nearby along with three local train stations. The area is well linked by the M62 and A561 with strong public transport links and parking is available immediately outside.

REASON FOR SALE
The business is suited to an owner operator able to provide a consistent level of service to brides and bridal parties but sadly due to new family commitments the business is now for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2016 at a cost of £162 per week.

FINANCIAL DETAILS
Bridal Reloved Liverpool has traded solidly since opening. We are advised that the business has Annual Accounts Available Year End 05.04.2019, with an Annual Turnover (Year End 05.04.2019) £37,665, and an Annual Gross Profit (Y/E 05.04.2019) £30,995. Franchise fees are 8% of turnover per month and 1.5% for marketing. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This is a beautifully fitted and well known bridal boutique which occupies a superb trading position. The franchise offers full training and support. There is plenty of scope to develop the business further with the introduction of longer opening hours/days and a strong local marketing drive, potentially online. Attendance at bridal shows could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
Bridal Reloved Liverpool operates from the ground floor of a spacious mid terraced property within a shopping parade. The business has large branding and signage displayed above a fully glazed frontage which is fitted with electric security shutters. Inside, the boutique is beautifully presented with gowns displayed to the side and a reception desk. There is also a raised area with private changing and fitting room and comfortable seating. To the rear is a staff kitchenette and toilet facilities. All areas are fully equipped and have been finished to a very high standard.

Fixtures & Fittings:
All fixtures and fittings including shelving, racking, sofa, mirrors, cctv monitor, printer, phone, desk & iPad,

Opening Hours:
Mon - ClosedTue - 10am - 5pmWed - 10am - 5pmThur - 10am - 5pmFri - 10am - 5pmSat - 10am - 5pmSun - Closed


Weekly Rent:
£160. Weekly Rent:
£160.
Listing Details
Location: Liverpool, Merseyside
Marketed By: Blacks Business Brokers Limited
Sector:
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Advert Reference: 7024 / Rightbiz

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