Bridal Salon Bespoke Gowns And Accessories Business For Sale

Business description

This bridal salon offers a comprehensive range of designer dresses from, £500 to £2,000 and afull range of accessories for the bride to be. The most beautiful gowns cover a variety of styles which range from classic to modern and are elegant and chic. All designer dresses can be altered for a perfect fit and there is also a made to measure service available. Accessories cover the complete range and include capes, gloves, veils, tiara’s, shoes, bolero’s and scarves.

Experienced professional consultants offer help and advice to the customer, working hard to help them to find and tailor the "flawless" gown for their wedding.

The continued success of the business is due to the hard work of the founders. A full salon service is offered so that the bride can browse at their leisure and shop knowing that they are in friendly surroundings, cared for by consultants who are happy to expend as much energy and give as much expert input as required when making this important choice.

Customer Service:

This business offers an excellent level of customer service in a welcoming and relaxed environment. There is a wide range of beautiful gowns, with variations on styles, limited editions and fitting and alterations available to ensure the perfect dress. Staff ensure that every bride feels special and are always on hand to offer advice.

Key Strengths:

Everything about the way this shop operates exudes quality and enhances the very special experience each Bride enjoys with each dress chosen for the individual after consultation and is fully fitted to that individual. Several of the ranges carried are exclusive to this store and all are well known designer labels, recognised and desired by brides to be and their families.

Location is so important in this type of business and with an address just off Oxford Street, in the heart of London, the location of this business is superb.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £200,000 with high mark ups producing gross profit circa £140,000 and high net profits.

Property information

Property:

Leasehold

Lease terms:

With a good renewable lease expiring in 2014 the rent this business has negotiated a rent of just £24,950 per annum and business rates of just £6,000, giving it exceptionally low overheads for its location.

Location:

Located just of Oxford Street in the heart of London’s shopping centre means this business is easily found and very accessible. It has been finished to a very high standard and has 3 fitting rooms and an alteration room. With a good renewable lease expiring in 2014 the rent this business has negotiated a rent of just £24,950 per annum and business rates of just £6,000, giving it exceptionally low overheads for its location.

Other information

Expansion potential:

This business has an excellent market outlook; with brides-to-be happy to spend on their outfits for the big day. Staff ensure customers are delighted with their purchases and this in turn leads to excellent personal recommendation and a constant stream of customers.

Competition / Market:

All of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently no advertising the owners are aware that a more active sales and marketing campaign would certainly improve sales and profitability and will increase its market exposure and revenues. The business does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium. A professionally designed website could allow potential customers to view the extensive range of designer dresses and accessories on offer, and give excellent potential to increase the turnover in the future.

Support & training:

The owner will provide a handover period and is happy to provide ongoing support thereafter.

Reasons for selling:

One of the 2 owners wishes to move abroad, however the owner, who is a consultant / seamstress would be happy to continue with new owners, subject to negotiation, if required.

Trading hours:

Monday – Saturday: 10.00 – 6.30