Bridal Shop for Sale in East Riding of Yorkshire with exclusive designers and strong online presence
Undisclosed, East Riding of Yorkshire
- Status
UNDER OFFER
- Advert ID
656222
- Reference
M5642 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Turnover: £239,200 (£4,600 per week)
- Profit: £53,135 (23% Profit margin)
Business Details
Bridal Shop for Sale
WE ARE INFORMED by the owner the turnover currently averages £4,600 per week We understand the accounts year ending 31st March 2024 show sales of £199,752 with gross profit £92,441 with a net profit of £53,135 FEATURES:4 DAYS OPENING
10,000 Followers on Instagram, heavily featured on various Blogs.
The boutique has an excellent reputation and has been featured in numerous blogs and publications including Vogue magazine, Hello Magazine, The Lane and Love My Dress. Great social media presence and following the store attracts brides from all over the country.
This store carries iconic and exclusive fashion-led bridal designers from all over the world, all of which are very sought after and difficult to get for a new business. This is not your average traditional bridal boutique. This bridal store has a great brand story and unique selling point which has taken 7 years to build.
DOUBLE FRONTED PREMISES in the region of 1,075 ft², tiled floor, suspended ceiling with spot lights and chandelier, sales counter, laptop, card machine, hanging rails.
With modern minimalist yet inviting décor, the boutique is fully fitted and situated in a vibrant fashionable location in Hull amongst many bars, restaurants and other independent retail stores, however the business could be relocated.
Changing room plus seating area.
Toilet with w.c. and wash hand basin.
Small Kitchen area.
Large Stock room PRICE:
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£55,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
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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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