Retail

Bridal Shops

Advent Business Sales is delighted to have been given the opportunity to offer to the market this very well established and respected ladies couture outlet. The business, which was founded by our vendor in 1994, has been in its present location since 2001 and is only now being offered for sale as the owner is planning to emigrate with her family. The business is staffed by the vendor and 2 part time assistants who work 18 hours each. The business specialises in top quality couture dresses for brides, bridesmaids, mother of the bride, proms and ball gowns. The vendors also offer a made to measure service. They also offer: • Hats and hat hire • Hand bags • Tiara’s All types of alterations, dry cleaning, shoe repairs and shoes with an exclusive arrange to promote the rainbow collections of shoes and bags. Approximately 40 dresses are on display at any one time, together with a good range of hats and shoes. Our client has such an excellent reputation that customers are often prepared to travel many miles to the shop. Septmber is a very busy period with the Doncaster races. TRADING HOURS Mon – Fri: 9.00am – 5.00pm Sat: by appointment only Sun: closed EXPANSION POTENTIAL Whilst our client has a thriving and a very successful business, there are other opportunities which could be realised by a new purchaser, these include: 1. Bridal dress hire 2. Formal men’s wear hire 3. Pure retail dresses 4. Haberdashery 5. Sell fabrics 6. Make rather than buy 7. Approach other retail shops to carry out their alterations 8. Advertise – none is done presently. The price has been considerably reduced due to the vendors immediate plans to relocate. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £60,000 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. BUSINESS PREMISES A very attractive ground floor premises decorated to a high standard with the added security of an alarm system and consisting of the following: Ground Floor
Glazed window with hat and dress displays
Side entrance door leading into the main sales area
2 seater leather waiting sofa
Reception desk
3 glass shoe display cabinets
Good quantity of both formal and casual couture dresses on display
Very large fitting room
Working area of shop with a large 3.6m x 1.5m table, 3 sewing machines on work stations
W/c
Rear access to the car park TENURE: Leasehold Original lease: 15 years Remaining lease: 8 years Review every: 3 years Rent: £7,440 per annum We are advised that the annual business rates are currently: £1,750

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