Ladies Fashion & Bridalwear For Sale

Business description

Advent Business Sales is delighted to offer for sale to the open market these extremely well established and very popular ladies clothing business.

Established in 1932, this family business, is now reluctantly been offered for sale due to imminent plans to retire.

Since being established, the business has built up an enviable reputation stocking quality ladies wear, hence is well known in the South Yorkshire area.

The business occupies a spacious ground floor premise which is decorated and furnished to a very high standard.

The business specialises in ladies clothing with an extensive product range concentrating on:
- Lingerie
- Casual day wear
- Ladies formal wear
- Cruise wear
- Mother of the bride
- Hats
- Shoes
- Bridal wear

Stock holding is currently in the region of £140,000.

Our client also stocks a range of men’s formal hire wear as well as men’s accessories.

The business benefits from a strong repeat client base and the vendor has compiled an extensive customer database, which is then used for mail shots.

The vendor has developed a fully computerised method of stock holding, which can be adjusted on a daily basis, as sales are completed.

A full Sage instant accounting system is in place.


The business is currently advertised in local glossy country magazines as well as having its own website

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Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: TBN
Remaining lease: 1 year
Review every: 5 years
Rent: £20,000 pa

We are advised that the annual business rates are currently: £7738.50

Living accommodation:

BUSINESS PREMISES A ground floor ladies wear shop in a prominent trading position in Mexborough town centre, with the added security of electric roller shutters and fully integrated alarm system and consisting of the following: Ground Floor ? Large display windows to both sides with central entrance leading into ground floor main sales area - Decorated and equipped to a very high standard - Display rails, gondolas and purpose built fixtures and fittings - Cash desk serving area to rear - 7 x fitting rooms spread over the floor - coffee lounge - rear door leading to: - 2 x offices - 2 x w/c - ample stockroom space - staffroom - kitchen - rear loading area External - Paved to shop front - Rear loading area - Private parking for up to 2 cars

Location:

The ladies wear shop occupies a prominent commanding location in a parade in Mexborough town centre. The immediate area is surrounded by a very large number of businesses ranging from high street retailers to banks to serve the growing community.

There is several pay and display car parks within walking distance.

One would be hard pressed to find such a highly desirable location.

Other information

Expansion potential:

The business has benefited tremendously from high sales over the years. Although due to some unforeseen circumstances, the business has experienced a dip in sales.

The vendor has made plans to convert the premises to accommodate a one stop wedding house incorporating a new department of bridal wear.

Trading hours:

Mon – Sat: 9.30am – 5pm

Financing available:

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

Related documents:

• Sales paticulars

Contact the seller