Leasehold Bridal Boutique Located In Central London

Leasehold Bridal Boutique Located In Central London
Ref 2692

Location
This outstanding Bridal Boutique stands within a prime location in Central London which is only a 5 minute walk from both Victoria (rail and tube) and Pimlico stations. The business operates from a mid terraced double fronted period property set within a village atmosphere that benefits from free parking at weekends.

Asking Price £49,950 plus SAV £50,000

Business Description
Veritas Business sales are privileged to offer to the market this delightful Bridal Boutique which includes a separate business of Luxury Alterations set within the same premises. The business was created 17 years ago and is well known as a Premier Bridal Boutique providing excellent high end customer experience in London with more than a dozen Bridal Designer collections. The asking price includes very well presented premises which have been refurbished to a very high standard along with fixtures and fixtures. This will hugely benefit a new purchaser as there will be no need to spend additional funds for quite some time.
Both businesses have separate websites, 4 strong keyword domains names owned by companies and social media accounts managed by a dedicated person on a permanent basis. There is an online booking system as well as a software system with automated procedures. The business is owner operated with the help of 2 full time and 3 part time members of staff, who have all been in the industry for many years and come with the wealth of experience and knowledge.
The Bridal Boutique provides a dedicated bridal service, with beautiful bespoke gowns ranging from 1000 to 5000 pounds. The annual turnover of bridal dresses and accessories is £330,000 pounds plus an additional £80.000 from the alteration business. Further accounting information can be made available after an official viewing.
We believe that there is further untapped potential to increase trade for a new and keen purchaser by adding Bridesmaid & Mother of the bride dresses to it’s already extensive retail offering. The boutique already enjoys a strong reputation within the local community and has customers coming to London to buy their wedding gown from all over the world which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed

Opening Hours
Tuesday – Sunday – by appointment only

Leasehold
Lease term: 10 years
Remaining: 4 years
Rent: £26,000 pa plus VAT
Rates: £6,000

Ground Floor
Retail area comprising: sales counter with PDQ machine and cash register, window display, various gown displays and 2 x fitting rooms with natural sunlight.
Storeroom

Basement
Fitting room.
W/C and wash basin.
W/C and wash basin.
Seamstress room with work tables, ironing board, dress hanging rails, 2 x sewing machines and an over locker.
Stockroom for finished gowns.
2 x empty unused rooms.

External
Rear courtyard and garden.