Freehold Established Wedding Suit And Car Hire Business For Sale

Business description

HISTORY

• Wedding car hire business was established 34 years ago by vendor and added wedding suit and hire business 14 years ago
• In very clean state of repair
• Reputation for a full range of wedding services at an affordable price

REASON FOR SALE

• Retirement
• The vendor would be happy to assist with a handover if required

PRODUCTS

• Wedding car business runs:
• Vintage Rolls Royce Phantom 1937
• Vintage Rolls Royce Open top Tourer 1936
• Rolls Royce Silver Cloud S3
• Bentley Silver Cloud S3
• Wedding suit hire business includes:
• Evening Suits, Tailcoats, Prince Edward Jackets, Neru Collar Jacket, Patterned Prince Edward Jackets, Frock Coats, Lounge Jackets, Shoes, Shirts, Pocket Watches, Top Hats and Gloves
• Ladies wedding and prom dresses (recently introduced)

SERVICES

• Photography
• Boys and Gentleman’s dress hire
• Stationery
• Wedding Car Hire

CUSTOMERS

• Bride, Groom, Page Boys and Bridesmaids

SUPPLIERS

• Products sourced from a range of traditional wholesalers

STRENGTHS

• Very well established prestige wedding hire business
• Busy location with high levels of footfall and vehicle activity
• Limited competition locally

The business is available on the following Options:

LEASEHOLD: £390,000 + SAV or
WEDDING HIRE ONLY: £58,000 + SAV
CARS ONLY: £332,000

FREEHOLD: £790,000 + SAV
BUILDING & WEDDING HIRE £458,000 + SAV





DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Freehold

Lease terms:

• Freehold or leasehold with terms to be negotiated

LEASEHOLD: £390,000 + SAV
WEDDING HIRE ONLY: £58,000 + SAV
CARS ONLY: £332,000
FREEHOLD: £790,000 + SAV
BUILDING & WEDDING HIRE £458,000 + SAV

Location:

• North East Warwickshire location occupying a full block in highly visible residential area
• A densely populated urban location
• Parking for up to 30 cars in front of premises and street parking

Premises details:

• Superb showrooms
• First class fixtures and fittings
• Large showroom and fitting rooms
• Alterations room
• 2 x dry cleaning and ironing rooms
• Fantastic large 4 double bedrooms
• Large fitted kitchen, bathroom, dining room
• Very extensive garden and garage area
• Extremely large and spacious lounge

Business Operation

Expansion potential:

• Opportunity to attend further wedding fayres
• Web marketing and business development activity has been extremely limited so far
• Significant opportunity for a working couple
• Increase opening hours
• The vendor has informed us that the premises could also be used as either a care home or a nursery.

Trading hours:

• Sunday by appointment only
• Monday, Friday & Saturday: 10am to 5pm
• Tuesday & Thursday: 12pm to 7pm
• Wednesday: Closed

Employees:

• Owner / wife / daughter