Very Well Known Bridal Store In Yorkshire For Sale

Business description

The particular highlights of the business are:
- An easily run operation
-A well established business.
- Good loyal clientele.
- Fully equipped business.
- Turnover in excess of £44,000. This is a business with superb potential.
- A good first time buyers business and ideal purchase for a family or husband and wife team.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Bridal wear; the main area of focus is on Brides, Mother of the Bride, Bespoke and Prom wear.

History
Phoenix Business Transfer Agents are delighted to place onto the market this locally well known Bridal store whose vast potential is yet to be realized due to the owners current personal commitments . The business has been in the hands of the current owner for around 5 years and they now wish to sell due to personal reasons.

Services
This very good business opportunity provides Bridal wear; the main area of focus is on Brides, Mother of the Bride, Bespoke and Prom wear.

Staffing
The concern currently employs no staff at present. There is a Seamstress who is self-employed.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner currently attends wedding fares to promote the business. The concern is also advertised in a major wedding magazine.

Competition
As far as competition is concerned there is another similar business approximately 10 miles away.

Market
The client base consists of members if the public from the surrounding areas, within an estimated 40 mile radius of the store.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Hire a Seamstress to do alterations on other garments.
• Extending the opening hours to include some evening and weekends
• Expand on the clothing range to include men’s wear.
• Expand on the Prom side of the business by doing fashion shows at local schools.
• Increasing the marketing activity with direct mailings and local and internet advertising.
• With the introduction of a website and e-commerce.


Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is estimated to be £45,000. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

There is currently no fixed lease agreement in place.

Location:

- Situated in the Huddersfield area of Yorkshire.
- Part of a parade of shops with some 10 units.
- Excellent free parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Excellent local demographics for this type of area.
- Complementary businesses are nearby.

Premises details:

The main shop floor of this terraced property is approximately 9m x8m which comprises of one large room which carries a clothing rack down one side of the building, a fitting area and several large mirrors. There is also potential to expand the premises by inserting a stair case to allow access to the level above.

Size in square feet:

9m x 8m

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Hire a Seamstress to do alterations on other garments.
• Extending the opening hours to include some evening and weekends
• Expand on the clothing range to include men’s wear.
• Expand on the Prom side of the business by doing fashion shows at local schools.
• Increasing the marketing activity with direct mailings and local and internet advertising.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is another similar business approximately 10 miles away.

Reasons for selling:

now wish to sell due to personal reasons.

Trading hours:

The current owner only trades by appointment only.

Employees:

The concern currently employs no staff at present. There is a Seamstress who is self-employed.

Years established:

5 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£3,000 (included in the asking price)

Inventory / Stock value:

£15,000