The local area provides a wide variety of facilities, with further amenities available in Derby centre, approximately 3 miles distant. The motorway network can be accessed via the M1, which is within easy reach.
The current owner established the business in 2010 and it is only now offered for sale due to relocation. The owner has developed an enviable reputation in the locale and this is reflected in the relationships with local wedding venues, in particular being a recommended supplier at the premier venue in the area.
The boutique stocks an array of bridal gowns and is also able to source any particular dresses required. There are various ranges in store including plus-size gowns, an extensive bridesmaid range, veils and accessories. A limited supply of menswear is also offered.
The business provides an alterations service and a dress cleaning service.
The business trades from a substantial ground floor lock up shop, with generous display windows and a central entrance door.
Internally the open plan retail sales area has perimeter garment hanging rails and numerous mirrors, along with a comfortable customer seating area with chaise longue.
The main changing room has 2 large mirrors, and the additional changing room also has a full-length mirror.
On the premises is an office, kitchen area with worktops and a sink, accessible staff WC and a rear exit door.
Externally there is a single storey garage workshop, which houses the alterations and storage area, and this is accessible directly from the shop.
Also outside is an enclosed yard with double gates.
There is good potential to enhance the business and increase turnover, and a number of options are available such as introducing an in-house and larger formal menswear range, or stocking a range of prom dresses.
Currently run at a pace to suit, there is also an option to increase opening hours.
A professional website is in place, which showcases the variety of gowns available and also provides location and contact details. This could be further enhanced with the addition on an on-line appointment booking option.
Introducing social media would further boost the business and provide additional marketing opportunities, in particular for prom dresses.
Tuesday – 10.30am to 3.00pm
Wednesday – closed
Thursday and Friday – 10.30am to 3.30pm
Saturday – 10.30am to 5.00pm
Sunday & Monday – closed
Leasehold business for sale - £38,000
New lease to be assigned; 6 year lease with 18 month break clause
Quarterly lease rent - £1980
Annual business rates - £500
Annual turnover - £76,000; GP 30%
This is a fantastic opportunity to acquire a well established bridal boutique, with an excellent reputation and with additional potential.
We anticipate a high amount of interest in this business therefore prompt viewing and confidential discussions with Aspire must come strongly recommended.
The business is centrally located in a desirable village in the Derby area, Derbyshire. The business occupies a prime high street position within a busy parade, and is surrounded by a range of complementary shops and businesses, ensuring high daily footfall. The shop boasts substantial, prominent frontage, which attracts much passing trade, and there is ample free car parking in the vicinity.
New lease to be assigned; 6 year lease with 18 month break clause Quarterly lease rent - £1980
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