Bridal & Menswear Hire Business Including Stock For Sale

Business description

Advent Business Sales are delighted to offer for sale this spacious and popular bridal wear and menswear hire showroom.

The business has been in our clients hands since 1995, although originally established 10 years prior to this, during which time the vendor has successfully built up and achieved a current annual turnover in excess of £150,000.

The business has now reluctantly been offered for sale as the vendor is now 71 years of age with heart problems and wishes to retire.

The business has an enviable reputation in the Birmingham area to an extent that there is virtually no significant competition.
The business premise occupies approx 5,000 sq ft of trading space, which makes it the

largest business of its kind in the vicinity of Birmingham.

The showrooms, which subsequently are all ground floor level, have been carefully designed separating bridal wear and menswear successfully.

This one stop wedding operation supplies and stocks a multitude of products including:
• Bridal gowns
• Bridesmaid dresses
• Mother of the Bride Outfits
• Evening gowns
• Prom dresses
• Veils, head dresses and tiara’s
• Great assortment of accessories
A huge assortment of grooms outfits and boys outfits for hire are readily available which can cater for all requirements and stock includes;
All types and styles of suits, Shirts, ties, cravats and shoes

There are further stocks of discontinued menswear lines, which the business sells to
theatrical costumers and students and is currently selling this in store and over the internet.

The business has a highly professional website which has been carefully designed which allows optimum usage.
All alteration work, cleaning, ironing and pressing is done on site.

Stock is currently in the region of £200,000 which is included in the selling price.

This business has clearly established its own level of uniqueness, allowing it to be highly successful.

One must visit the showrooms to fully appreciate the careful planning that has gone into making this a wonderful shopping experience.

ref:8716B

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 9.5 years
Review every: 5 years
Rent: £23,500 P.A.

We are advised that the annual business rates are currently: £5000

Living accommodation:

BUSINESS PREMISES Spacious 5,000 sq ft bridal wear and men’s formal hire business, briefly consisting of: Ground Floor . Main entrance leading into reception are . Showroom with custom built racking throughout with cabinets for accessories and jewellery . Several carefully designed showrooms with changing room facilities. Excellent décor and lighting throughout . Several additional storage areas . Private offices . Kitchen . toilets

Location:

Our Client is ideally situated on a very busy main road connecting Sellyoak and Harbourne in Birmingham. The business commands a prominent location with a high level of passing traffic.

There are allocated parking spaces for customers directly in front of the premises with further off street parking nearby.

The area itself is extremely busy with the main Bristol Road close by which provides access to Birmingham city centre and the connecting M6, M42 and M5 road networks.

Other information

Expansion potential:

There is excellent potential to expand this already successful business. The vendor freely admits that many potential areas of business have not been fully explored

This business can be profitable for any new owner who is prepared to inject a great deal of effort and enthusiasm as the avenues to increase sales are clearly evident.

To increase sales of ex hire menswear, as this stock is readily available from other members of the trade.

Developing on line sales and to promote and advertise the business where possible.

Attending wedding fares and seeking contracts with corporate establishments would be highly advantageous.

Trading hours:

Mon-Sat 10am - 5pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Inventory / Stock value:

£200,000 (included in the asking price)

Related documents:

• 
• Sales particulars