Mens Formal Hire for sale in Plymouth

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Wedding Dress Store With Two Websites

Plymouth, Devon, England

  • Leasehold Price: £34,950  Price Reduced arrow_drop_down
  • Turnover: £175,000
  • Gross Profit: £96,250
Seller Reference: 13739 i
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Business Description
 
 
 
 
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Seller Reference: 13739 i
Request Details
Business Description
Business
BeeBee Gowns is long established opening its doors over 10 years ago. Our client looks to sell the store as they wish to take a well-earned retirement from this busy and profitable retailing business.

A profitable and multifaceted business with several revenue streams. The main being ladies and gents occasional and formal wear, as well as bridal and groom attire which is high end, and distinctive.

Dealing in the sale of lady’s gowns, all things wedding attire, dresses, and the more recently ever popular the lucrative prom dress market, the business also has a busy hire service for men, page boys and all male formal attire, as well as gent’s menswear sales.

Locally renowned and serving a large and wide geographical area, it boasts 2 vibrant and well-designed websites, which has an online shopping facility, this could be reintroduced. The business also boasts a popular social media coverage including Facebook.

An excellent opportunity for a husband wife team operator, the business carries reasonably low over heads including an attractive rent on the premises. Plenty of goodwill exists in regular referral or recommendations, whilst there is also the benefit of much passing trade.

Extra services include alterations and a seamstress services which are all carried out in-house.

A well-stocked operation owning around 100% of all its stock. Plenty of room and scope for further growth, on what is already consistent annual turnover and profitability.

Location
BeeBee Gowns is located in West Park, Plymouth, Devon.

Prominent main high road position
Free on & off road parking
Adjacent many other complimentary operators
Busy main parade with large passing traffic
Densely populated residential areas to surrounds

Premises
Much passing traffic flows past the two large window elevations that front this well-proportioned retail space, circa 105 sqm.

A well set out and nicely presented premises with two clearly defined retailing spaces for Female, and Male attire. Both have rail and post displays, private dressing rooms to the rear and soft seating.

Well maintained and tastefully finished with an inviting décor and ambience, there are two main front counters, and a mixture of carpeted and half laminate timber style flooring throughout.

To the rear of the premises is the staffing, storage, ancillary areas and office. Plus, a seamstress and alterations room, well equipped with sewing machines, benches, and needlework equipment.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

5-year renewable lease term.
Circa 2 years remaining as of 2017.
Annual rent of £7,800 from a private landlord.

Hours
Business opening hours:

Monday to Friday: 10:00 - 17:00
Saturday: 10:00 – 16:00

Staff
Husband and wife team operation, with the help of a full time and two part time members of staff.

Financial Profile
We are advised that the turnover averages £180,000 per annum net of VAT, with a gross profit of circa 55%.

Tenure:
Leasehold
Listed by:
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