Yorkshire Bridal Evening And Prom Wear Retail Business For Sale

Business description

HISTORY
The vendor has been in ownership for the last forty years. A well known and respected business throughout the area.

Stock: £90,000


REASON FOR SALE
Vendor’s ill heath and retirement intentions.

PRODUCTS
The following ranges are sold:
• Bridal gowns
• Bridesmaids outfits
• Accessories and jewellery
• Shoes and handbags
• Race wear
• Prom wear
• Evening wear
Selling prices range from £30 - £1,000

SERVICES
A sub contracted alterations service

CUSTOMERS
Mainly from the local area with a high number of repeat and referral trade.

SUPPLIERS
Several exclusivity of supply agreements for well known and branded labels.

STRENGTHS
• Fully staff run
• Excellent location
• Sole supplier accounts
• Security
• Strong margins and sales
• Extremely well established
• Superb premises
• Option to purchase freehold in 5 years
• N.B. Overlocker /blind hemmers/Sewing machine/steam ironing board & commercial steamers included in the asking price

N.B. The vendor also informs us that two to three customers enquire daily for ‘Mother of the Bride’ outfits which are turned way at present
REF: 9552DN





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

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 broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

Property information

Property:

Leasehold

Lease terms:

A new 10 year lease

Location:

Prominent main road position in a South Yorkshire town with good links to the motorway network. Location benefits from free car parking

Premises details:

A detached building laid out over two floors, beautifully refurbished and briefly comprising:
• Double glazing
• Superior flooring, lighting, jewellery cases and hanging systems
• Full Red Care system
• Full CCTV
• 3 Changing rooms downstairs
• External electric shutters
• First floor sales area with two fitting rooms and storage / work

Business Operation

Expansion potential:

• Working owner can increase profits immediately
• Attending Sunday shows
• Exhibiting at wedding fairs
• Late night opening
• Sunday opening via appointment
• Outfits for ‘Mother of the Bride’
• Hat hire
• Providing an in house alteration service. At present the sub contractor alteration bill is in the region of £20,000 per annum.

Employees:

The vendor, due to ill health, has not worked in the business for the past twelve months. The business is staffed by three part timers which account for a £33,000 annual salary bill

Other information

Furniture / Fixtures value:

£30,000 (included in the asking price)

Inventory / Stock value:

£90,000