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Bridal Outlet and Boutique in Birmingham *Viewing Highly Recommended*

Birmingham, West Midlands
Leasehold Price:
£295,000
Status
FOR SALE
Advert ID
256293
Reference
bridalbirminghamKS1 / Rightbiz

This is a very well-established Wedding Dress department store and Commerical Bridal Outlet which enjoys all the considerable commercial advantages of a fantastic trading position within a well-known area of South Birmingham, with nearby rail and motorway access.  The shop has been in business for 12 highly successful years and has gone from strength to strength, now enjoying an enviable reputation.

Operating from substantial, secure and extremely well-fitted, two-storey premises. the business currently primarily conducts a popular retail operation of an extensive selection of bridal gowns and associated accessories all displayed to its very best advantage in a bright, spacious and well-appointed showroom area.  The sale comes complete with all fixtures, fittings and equipment,as well as the business website and Facebook page. Stock is negotiable. A full 24hr monitored alarm system is installed.

Points to Note:

  • The business is HR compliant with HR support, staff procedures and ECT handbooks
  • The business has a strong social media presence, including Google, and boasting over 90K Facebook followers
  • This is a Destination bridal store with customers arriving from all over the country
  • Genuine reason for sale due to semi-retirement and family commitments
  • The vendor will offer full support on handover

There is potential to grow by opening longer hours, employing a seamstress, providing menswear, offering evening gowns and expanding the selection of prom dresses.  The business should also be totally owner-run and would suit entrepreneurs willing to grow the business, extend the opening hours, etc.

Financial Information: The current turnover is in the region of £355000 per annum with a gross profit of £256,545 and a superb operating profit of £132,523 on only 18 hours trading per week!

Lease: The premises are held on an existing lease.  A new lease is available (5-10 years).

Rent: The rent equates to £20000 per year.

Business Rates: The business rates are £8000 per annum.

Trading Hours: 3 days - Thursday, Friday and Saturday 10.00am to 4.00pm

Property Description: This Bridal Showroom is located on a busy main road with parking to front.  The entrance into the premises leads to the main sales and display area.  Inside the shop there is a stunning array of wedding dresses and other accessories beautifully presented in an open plan fashion on two floors, with rails and rooms for over 800 bridal dresses. Lovely window displays attract customers into the showroom.  The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price as well as Stock!

Note: As this is a very fast-paced, off-the-peg bridal shop, Stock will be negotiated at the point of sale. All Stock owned by the Business (Prom Stock excluded) will be included if the Asking Price is reached. 

Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

 

Listing Details
Leasehold Price: £295,000
Tenure: Leasehold
Location: Birmingham, West Midlands
Sector: Wedding Service Businesses, Bridal Wear Businesses, Clothing Businesses
Financials
Annual Turnover: £355,000
Annual Net Profit: Available upon request
Key Features
  • High Turnover
  • Open Plan Trading Area
  • Close to Local Amenities
  • Established Business
  • Unique Business
  • Attractive Business
  • Prime Location
  • Fully Fitted
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: bridalbirminghamKS1 / Rightbiz

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