High Turnover Bridal and Prom Boutique in Worcester Worcestershire for Sale
Worcester, Worcestershire
- Status
FOR SALE
- Date Submitted:
15/01/20
- Advert ID
254610
- Reference
B05775 / Rightbiz
- Call Agent:
- Leasehold: £34,995
- Turnover: £82,465 (£1,586 Per week)
- Net Profit: £7,407 (9% Profit margin)
Business Details
Award Winning Bridal & Leading Prom Boutique
BusinessPlease quote reference B05775
CoGoGo is pleased to offer for sale Cathedral Belles of Worcester which is a well established Prom and Bridal wear business that has an excellent city centre location. This is a superb opportunity to take on a high turnover local business with access to excellent customer potential levels.
Cathedral Belles of Worcester has been established for over 30 years and enjoys an excellent reputation. The current owner has successfully developed and managed the business for the past 8 years, increasing sales year on year and potential to further develop.
Key features of this business opportunity are:
- Individual Prom, Bridal and Bridesmaid studios, split over three floors
- Premium Prom boutique in Worcester, offering new annual collections which attracts Prom customers from across the region
- Bridal and Bridesmaid boutique with dress collections that cater for a wide variety of styles and sizes to order
- Beautifully presented boutique on a Leasehold basis, located in the centre of Worcester adjacent to the Cathedral and close to car parks
- Well established and trusted relationships with the designer gown suppliers and local service companies
- The sale will include the company email, website and social media channels as well as all fixtures & fittings
- The business aims to provide every customer and their guests with a memorable and pleasurable experience through the intimate environment of the specialist studios, stocked with extensive ranges of dresses
- Sales turnover exceeding £100k pa, including VAT
- Competitive rent and zero business rates
- All fixtures, fittings, furniture and equipment included making this a real turn-key opportunity
- Trading hours are typically Tuesday to Saturday from 10.00am to 5.00pm, with additional hours during peak periods
Location
The business operates from an excellent city centre location, enjoying high visibility to passing trade.
Premises
Cathedral Belles of Worcester occupies three floors of an attractive, Grade 2 listed, period property and briefly comprises:
Ground Floor
Bridal Studio – is generously sized with ample display areas and large windows to the front leading to a bright & airy environment. Separate changing room to the rear with storage cupboard.
First Floor
Prom Studio - two generous rooms with separate access and changing areas to enable multi appointments or larger groups.
Staff Kitchenette and Customer Washroom.
Storage Cupboard – hosting display & point-of-sale equipment.
Second Floor
Bridesmaid Studio – large double window room with changing area
Business Office – incorporating dress storage & preparation area
Tenure
We are advised that Cathedral Belles of Worcester is being sold as a leasehold business opportunity.
The existing lease has around 3.5 years remaining and the current rent is competitive and reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
Hours
The current trading hours are:
Monday - Closed
Tuesday to Saturday - 10:00am to 5:00pm
Sunday - Closed
Staff
Further information can be made available upon request.
Financial Profile
We are advised that Cathedral Belles of Worcester generates an annual turnover of above £100,000 per annum including VAT.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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