Bridal Wear Shops for sale in East of England

View the "Award Winning Bridal Boutique" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Award Winning Bridal Boutique

Essex, England

  • Leasehold Price: £20,000
  • Turnover: £138,657
  • Gross Profit: £66,791
Seller Reference: B05394
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05394
Request Details
Business Description
Business
Hilton Smythe welcomes to the market a Bridal wear business, which was established by our client in 2012, due to family reasons, our client is now looking to sell.

The business is an award-winning bridal boutique that specialises in luxury modern bridal wear. Their aim is to create a bridal boutique that changed perceptions of bridal shopping and believe that a bride should be able to express their individual style and not have to follow convention.

They have banished the bridal stuffiness and are pushing the boundaries on bridal design. 

The business' collection of designers are internationally renowned and are highly sought after by brides. Their strict criteria ensure they only stock the highest quality designers who use the finest silks, laces and beading. These materials are often made exclusively for their designers so will not be found anywhere else.

The business has a strong social media presence. The sale includes the business website. The business also has 4.9/5* reviews on Google and 5* on Yell.

There are many reasons to buy this business including


  • Excellent reputation

  • A great collection of designers

  • Strong footfall location


Hilton Smythe highly advise early viewing to avoid disappointment.

 

 

 

Location
The business is situated in Essex.

The area has great transport links with many local bus routes and a rail link to London.


Premises
There is an electric display shutter to the front and an entrance door that comes directly of the main thoroughfare. The premise has a full alarm system and marble tiled floor. There are display hanging rails to both side walls and a counter to the rear of the main shop area.

The counter has a computer with booking system. To the rear of the main shop is the changing suite with mirror to one wall, wood effect floor, sofa, storage cupboard and a door to the rear area.

From here is a door to the rear fire escape and stairs leading to the first floor.

On the first floor is a further changing suite with toilet facilities and a door to the front room, which is currently used for storage and could be utilised for a seamstress etc.

From the rear fire escape there is access to the side service road.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a 5-year lease from April 2017, an annual rent of £16,250 and rates at £4,440 per annum.

Hours
Monday: 10am – 5pm
Tuesday: 9am – 5pm
Wednesday - Friday: 10am – 4pm
Saturday: 9am – 5pm
Sunday: Closed


Staff
The business is run and managed by our client, with the help of 2 part time members of staff.

Financial Profile
The business generated an advised turnover of circa £138,657 as of the 2018 accounts, with a gross profit of 48% a net profit of 4.7% and an adjusted net profit of 12.5%.

The assets being sold with the business are worth in the region of £3,000.

The average stock value is between £50,000 & £65,000.

Tenure:
Leasehold
Listed by:
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