Business for sale in United Kingdom - Ab124-two bridal wear shops
| Asking Price: | 275,000 £ |  |
Real Estate: | Lease |
|
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales Revenue: | 440,000 £ | |||||||||||
| Net Profit: | 140,000 £ | |||||||||||
| Year Established: | 1989 | |||||||||||
| Employees: | 1FT, 2PT | |||||||||||
| # of family members employed: | Not Disclosed | |||||||||||
| Location criteria: |
|
|||||||||||
Business types:
Retail
Business categories:
Bridal Shops
Business description
This business was started by its directors in 1989 and has subsequently grown into one of the best known bridal wear companies in the West of England. It has two retail outlets located in prime city locations and caters for the middle to upper end of the wedding gown market. This market place is reknowned for being recession proof as purchasers wish to achive a once in a lifetime experience.
Both retail outlets hold around sixty sample gowns supplied by seven well known and highly respected designers with whom they have exclusive supply agreements that cover an area of around fifty miles from the joint locations. They also stock a range of accessories including veils, shoes, lingerie, and costume jewellry.
Clients are only seen by appointment. This underlines the companies policy of making the buying process as pleasurable as possible and providing the bride to be with total customer care.
Equipment:
Due to the nature of the business and their tried and tested buying policy there is no need for specific stock control software.
Customer Service:
Customer service is probably more important in this marketplace than any other sector and reputations are built and lost on how good the team are at client care. This company has achieved its respected position through the application of three keys skills. Careful stock selection, impeccable client care and good sales practice. The net result is the majority of clients come to them by recommendation and testimonials are available for all to view.
Key Strengths:
Financially sound
Two good locations
Exclusive supplier arrangements
Wealthy local demographics
Long trading history
Growth and Expansion:
There is a good opportunity to expand this business by introducing ranges to meet the mother of the bride market and groom, best man and ushers sector. The business model is sufficiently robust to allow it to be rolled out in adjacent West Country towns.
Additional information
| Additional information: | Not Disclosed |
|---|---|
| Support & training: | A full, professional and seamless handover will be available to the purchaser for a period to be agreed as part of the overall sales negotiations |
| Reasons for selling: | The directors have spent the last twenty years of their working lives building this business to be the success that it is today. They have taken the joint decision that they would now like to reap the rewards from their efforts and consider new commercial |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | The premises are subject to a ten-year lease of which there are four years left to run. Annual rental of £14,000 +VAT and rates |
| Location: | Outlet one. Double fronted Victorian premises Two parking spaces in the immediate vicinity Unlimited of street parking in the area Reception with glass display cabinets Bridal showroom and changing area One large basement stock room Toilet and kitchen area The premises are subject to a ten-year lease of which there are four years left to run. Annual rental of £14,000 +VAT and rates Outlet two Listed single fronted building Secondary retail area Adjacent to an NCP car park One rented parking space Two showrooms Two changing rooms Kitchen and toilet area Five additional rooms available for expansion Four years left to run on the present lease Annual rental of £19500+VAT and rates |
In order to contact the buyer/seller, you must be a registered user of the site and must be logged in
