Well Established Bridal Retailer With Quality Reputation For Sale

Business description

Well Established Bridal Retailer With Quality Reputation - West Yorkshire
High Street pedestrian precinct location in Normanton
Turnover £60,000 pa with high gross margins
Leasehold property with new lease available
Well established with huge growth potential
Early viewing highly recommended
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well established and respected bridal gown retailer which has been in the careful hands of our clients since 2007.

The only reason this rare opportunity is being offered to the market is due to our clients desire to relocate to Portugal. Since our clients took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in a walk-in and trade condition.

Our clients have continually developed the business by adding numerous further income streams such as introducing wedding accessories, bridesmaid dresses, mother of the bride and recently hire clothing for the groom and best man all of which have proved to be popular and financially successful.

Our clients inform us that the current turnover is running at £60,000 pa with a high gross margin and that there is huge growth potential as the business is currently run on reduced hours to suit their lifestyle.

Meridian Business Sales recommends early viewing of this business to fully appreciate the quality of this superb business and the future growth potential for a hands on owner operator.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 5 years
Remaining: 1 year
Review: 3 year
Rent: £6,000pa

Living accommodation:

Ground floor corner lock up retail unit with window displays in a popular and desirable High Street pedestrian location briefly comprising: Main entrance leading to an open plan trading area on two levels the ground level is dedicated to bridesmaids and mother of the bride with hanging display & rails, wooden floor and quality decoration. Step up to the higher level which is dedicated to bridal gowns and accessories with glass fronted displays for jewellery & accessories, sales desk with display capabilities, electronic cash register, slat wall display for shoes, changing area with full height wall mirrors & modesty curtains, hanging rail display for wedding gowns, tasteful & modern decoration to walls, feature wallpaper to the changing area and wooden flooring. Rear storeroom Further hanging rails for purchased gowns Fully equipped area for alterations Kitchenette with sink Staff toilet External Pedestrian precinct with planters and seating

Location:

This superb bridal gown and accessories retailer is located on a High Street corner position in the popular town of Normanton in West Yorkshire. Normanton is an ideal position for the business as it has a large and densely populated catchment area to include the larger towns of Wakefield, Pontefract, Castleford and the major city of Leeds. The business enjoys a monopoly trade and is the only bridal retailer for some 4 miles in each direction. The business is surrounded by a wealth of complimentary business that all bring large numbers of footfall to the High Street which benefits the business enormously. Normanton and the surrounding area has strong road and rail links and is serviced via the M62, the M1 and the A1(M) motorways plus mainline rail from Wakefield and Leeds.