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Retail

Bridal Shops

THE BUSINESS Advent Business Sales are delighted to offer for sale this spacious and popular bridal wear and menswear hire showroom. The business has been in our clients hands since 1995, although originally established 10 years prior to this, during which time the vendor has successfully built up and achieved a current annual turnover in excess of 150,000. The business has now reluctantly been offered for sale as the vendor is now 70 years of age and wishes to retire. The business has an enviable reputation in the Birmingham area to an extent that there is virtually no significant competition. The business premise occupies approx 5,000 sq ft of trading space, which makes it the largest business of its kind in the vicinity of Birmingham. The showrooms, which subsequently are all ground floor level, have been carefully designed separating bridal wear and menswear successfully. This one stop wedding operation supplies and stocks a multitude of products including: Bridal gowns Bridesmaid dresses Mother of the Bride Outfits Evening gowns Prom dresses Veils, head dresses and tiara s Great assortment of accessories A huge assortment of grooms outfits and boys outfits for hire are readily available which can cater for all requirements and stock includes; All types and styles of suits, Shirts, ties, cravats and shoes There are further stocks of discontinued menswear lines, which the business sells to theatrical costumers and students and is currently selling this in store and over the internet. The business has a highly professional website which has been carefully designed which allows optimum usage. All alteration work, cleaning, ironing and pressing is done on site. Stock is currently in the region of 200,000 This business has clearly established its own level of uniqueness, allowing it to be highly successful. One must visit the showrooms to fully appreciate the careful planning that has gone into making this a wonderful shopping experience. TRADING HOURS Mon Sat: 10.00am 5.00pm EXPANSION POTENTIAL There is excellent potential to expand this already successful business. The vendor freely admits that many potential areas of business have not been fully explored This business can be profitable for any new owner who is prepared to inject a great deal of effort and enthusiasm as the avenues to increase sales are clearly evident. To increase sales of ex hire menswear, as this stock is readily available from other members of the trade. Developing on line sales and to promote and advertise the business where possible. Attending wedding fares and seeking contracts with corporate establishments would be highly advantageous. STAFF DETAILS The business employs 4 full time, 3 part time & 2 Saturday staff including a seamstress. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 150,000 Gross Profit: 70% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESBUSINESS PREMISES Spacious 5,000 sq ft bridal wear and men s formal hire business, briefly consisting of: Ground Floor Main entrance leading into reception are Showroom with custom built racking throughout with cabinets for accessories and jewellery Several carefully designed showrooms with changing room facilities. Excellent d cor and lighting throughout Several additional storage areas Private offices Kitchen toilets TENURE: Leasehold Original lease: 10 years Remaining lease: 9.5 years Review every: 5 years Rent: 23,500 P.A. We are advised that the annual business rates are currently: 5000

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