Profitable Bridal Wear & Suit Hire Business in Ebbw Vale Blaenau Gwent for Sale
Ebbw Vale, Blaenau Gwent
- Status
FOR SALE
- Date Submitted:
21/07/21
- Advert ID
279990
- Reference
B06294 / Rightbiz
- Call Agent:
- Leasehold: £24,995
- Turnover: £50,415 (£970 Per week)
- Net Profit: £11,024 (22% Profit margin)
Business Details
Well established Bridal Wear & Suit Hire business for sale
BusinessPlease quote reference B06294
CoGoGo is delighted to present to the market Perfect Day Bridal, one of South Wales most renowned bridal wear and suit hire business opportunities.
The ‘Turn-key’ business opportunity was established in 2009 and is now being offered for sale due to our clients wish to now retire, however she will ensure a full business handover to ensure the smooth transition.
The key to longevity and success of Perfect Day Bridal has been down to the passion and personal service our client offers to each bride or groom. Our client advises all work now is mainly down to recommendations as little advertising is undertaken.
Choosing a wedding dress is a once in a lifetime decision and choosing the right person to help you is key to feeling comfortable on the big day.
As with many bridal businesses, the choice of designers is key to the brides it attracts. Our client currently offers the following well known designers -
- Gino Cerruti
- Bianco Evento
- White Rose
- English Rose
The large shop is arranged over 3 floors and offers a large private changing room for friends and family to attend. Our client also offers evening appointments to accommodate those who work during the day.
In addition to the bridal side of the business, our client holds a large stock of men's wedding suits, evening jackets and waistcoats. Peter Posh have over 25 years specialising in mens and boys formal wear with an unrivalled reputation for quality and service.
The 3rd floor is designated to the mens suit hire with its own changing room facilities.
As our client is running the business alone, the suit hire side of the business is running with evening appointments after 6:00pm with her husband. The business is still getting orders coming in, and still has some in the books from last year that are postponing till next year.
Due to the Covid pandemic, all bridal businesses have been impacted however we envisage the weddings sector to enjoy a significant boom due to the number of weddings that have been put on hold.
Any new owner will be able to enjoy the new increase in demand.
Key selling points -
- Very well established business
- Opportunity to expand
- Business website
- Facebook page 1 - 1,775 followers
- Facebook page 2 - Over 5,000 followers
- Instagram page
- Desirable location
- Low rental terms
- Nil Business rates
- Large stock available
- Business handover
Location
Perfect Day Bridal Wear occupies a prominent trading position along Beaufort Street in Brynmawr, Ebbw Vale in South Wales.
Beaufort Street offers an excellent mix of independent retailers, cafes, estate agents, main post office, pharmacy, hair & beauty salons, butchers, travel agents and high street brands such as New Look, Greggs.
Brynmawr is a desirable market town located just off the A465, 20 miles north of Newport.
Main bus routes from nearby Merthyr Tydfil are the E3,Z15,X4.
Ebbw Vale is enjoying a significant increase in new people looking to live in the area which is clear to see by the number of new housing developments, there is also a new retail park being built near the town centre which will further increase footfall.
The business benefits from free customer parking directly outside.
Premises
Ground floor -
- Bridal showroom - fixed display rails to both sides of the shop
- Small fitting room
- Understairs storage cupboard
- Fire exit
- Staff kitchen area
- Toilet
- Large bridal fitting room
- Storage cupboard
- Men’s fitting room
- Suit storeroom
- 2nd storeroom
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 5 year lease. The rent is £475 per month.
Hours
The business hours are -
Monday – 9:30am – 5:00pm
Tuesday - 9:30am – 5:00pm & 6:00pm – 8:30pm
Wednesday – Closed
Thursday – 9:30am – 5:00pm & 6:00pm – 8:30pm
Friday – 9:30am – 5:00pm
Saturday – 10:00am – 2:30pm
Sunday - Closed
Staff
We are advised that the business is owner ran and managed.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £50,000, with an adjusted net profit in the region of £11,000. Full financials can be made available upon further request.
Please quote reference B06294
Contact Agent
Listing Statistics
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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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