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Business for sale in United Kingdom - 8717b bridal wear l/h 65,000 inc stock, west midlands
| Asking Price: | 65,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 90,000 £ | ||||||||||
| Net Profit: | 0 $ US | ||||||||||
| Year Established: | 2001 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Retail
Business categories:
Bridal Shops
Business description
Advent Business Sales are pleased to offer for sale this well-established bridal wear and bridesmaid boutique. Established in 2001, the current owner has owned the business for the past two years and has reluctantly decided to sell due to personal commitments. The business occupies a spacious shop which has been elegantly furnished to a very high standard, giving a very pleasant ambience to this boutique. The business has an enviable reputation which is mainly due to the quality of stock on offer. Our client stocks some of the finest designer names which are well known including Sophia Tolli, Amanda Wyatt, Kate Sherford, Eddy K, Ronald Joyce. To compliment this range most of the bridesmaid collection is by D Zage. In additional, a good range of shoes, accessories, veils and tiara s are stocked. The business has its own website which further attracts potential buyers from as far away as London. Our client has advertised the business well in addition to Yellow Pages, Yell.com and Thompson Local; the business is advertised in a premium hotel brochure which attracts a good level of affluent clientele. The business is staffed solely by the vendor and 1 Saturday sales assistant who works 6 hours. Attached to the premises is a 2 bedroom apartment which has been rented out independently receiving additional monthly income of approx 500. TRADING HOURS Mon, Tues, Thurs- Sat: 10.00am 4.00pm Wed & Sun: Closed EXPANSION POTENTIAL There is excellent scope and potential to further increase sales, via internet sales and wedding fares. In addition, there would be a great benefit to extend opening hours. At present, the vendor does not do any alterations, if the new owner does offer alterations then this would bring additional income, we are advised, in the region of 10,000 per annum FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 90,000 Gross Profit: 50%
Additional information
| Additional information: | download |
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| Support & training: | Not Disclosed |
| Reasons for selling: | personal reasons |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | TENURE: Leasehold Original lease: 3 years Remaining lease: 2 years Review every: 3 years Rent: £16000 per annum We are advised that the annual business rates are currently: £720 |
| Location: | Our client is ideally located in a small parade of shops consisting of a hair salon, pharmacy, vets, dentist and a Post Office within a vibrant and affluent residential area close to Sutton Coldfield. There are excellent parking facilities with free parking directly in front of the shop. |
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