SUPERB BRIDAL WEAR, MEN'S FORMAL HIRE, ALTERATIONS & REPAIR BUSINESS
Price:
Leasehold - £25,000
Business Type:
Retail businesses
SUPERB BRIDAL WEAR, MEN'S FORMAL HIRE, ALTERATIONS & REPAIR BUSINESS - LANCASHIRE
Excellent high visibility trading location in town centre
Stunning 2 floor retail unit, extremely well presented
Advised turnover £125,341 with good gross profits
Outstanding reputation built up over 15 years
Recently refurbished
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this outstanding bridal wear business which was established by our client over 15 years ago. The only reason this excellent business is being offered to the market is due to the unfortunate ill health of our client and her desire to take a well deserved retirement. Since establishing the business our client has built up a superb reputation within the local area for the quality of dresses she provides and for the warm and friendly service received by all of her clients. We are advised of a very respectable annual turnover of £125,341 with good gross profits which is derived from the sale of wedding dresses and accessories, christening and communion dresses and the hire of men's formal wear with an increasingly popular alterations and repairs side to the business. Our clients business benefits from an excellent website which provides a great source of revenue throughout the year which is included in the sale price. There is also great scope for potential improvement on turnover with longer trading hours and the addition of external concessions which is not currently perused at present .This is a fantastic opportunity to purchase a thriving business with a fabulous reputation in an ideal trading location and as such early viewing is strongly advised as this business is not to be missed.
Leasehold - Original length: 10 years
Remaining: 2 years, Review: June 2012
Rent: £12,600pa
UK Non-Specific
£ 800,000
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