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Bridal Boutique Located In Birmingham

Birmingham, West Midlands
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  • Leasehold: £59,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Bridal Boutique Located In Birmingham
4.6* Google Rating
Ref 2671

Location
This award winning and well respected Bridal Boutique is located in the Birmingham area.

Asking Price: £59,950 plus SAV at valuation

Business Description
Veritas Business sales are privileged to offer to the market this delightful Bridal Boutique which is located in the Birmingham area. The business was established back in 2009 and during ownership they have refurbished and invested in new fixture & fittings which are all bought and paid for and included within the sale price which is a huge plus for a new purchaser as additional funds will not need to spent for some time. Also included are two websites, one of which is e-commerce and a large following on social media along with high profile clients and following. The business is owner operated with the help of 2 part time members of staff and for year ending 31st July 2020 they posted a turnover of £111,606 with a GP of £46,529 (42%). They retail a high quality range of gowns with exclusive brands and also have a large range of prom dresses and evening wear with exclusive brands.
We believe that there is further potential to increase trade should you wish, by extending the ranges offered and adding bridesmaid and Mother of the bride. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of referrals which is a great base to build upon and as such early viewing is highly recommended.

Leasehold
Original term: 10 years
Remaining : 3 years
Rent: £12,720 pa
Business rates: zero


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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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