Superbly Presented Ladies Wedding Designer Boutique For Sale

Business description

Summary:
Established four years ago by the current vendor the business is a designer boutique stocking Mother of the Bride dresses, Mother of the Groom dresses, trouser suits, skirt suits, prom, evening and cocktail dresses, shoes, bags and hats from reputable designers like Michel Ambers, Kirsten Krog, Tom Bowker, Kate Cooper, Claudia Stevens, Caroline Biss, Rouge, Cavita and Umlauf und Klein. The business benefits from an excellent web site that is showing regular sales growth also encouraging customers to visit the boutique from throughout the county and further afield. The boutique and flat have recently been refurbished to a high standard and there is a cctv and tagging systems. The tagging system is leased.

Turnover:
We are informed that turnover for the last year was approximately £100,000.

Potential:
The sales are continuing to grow assisted by the web site on line sales and exposure. Stock room could be easily turned into additional retail area.

Stock:
To be purchased separately at valuation: Approximately £80,000. this can be lowered if necessary.

Hours 10.00:
am to 5.00 pm Monday to Friday. 10.00 am to 5.30 pm Saturday.

Rates:
Rates payable of approximately £4,300 pa with small business relief.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Leasehold

Lease terms:

We are informed that there are 5 years remaining on the lease with a current rent of £17,300 pa including the flat.

Location:

Sales area equipped to a very good standard throughout. Large store room and office, three fitting rooms with coffee area. Second store room and dry cellar. Three bedroom flat.

Other information

Reasons for selling:

The vendor is considering moving abroad.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.TENURE: Leasehold

Contact the seller