Established Successful Surrey Bridal And Menswear Hire Shop For Sale

Business description

Well established bridal shop with mens formal hire for sale in Surrey

Due to our permanant move in march we would ideally like a quick sale and therefore would be willing to listen to interested offers

The business has been in situ for over 8 years now and doing very well - reason for sale is relocation of owner

Last year alone the company had a turnover of over £142,000 with a stock value upwards of £80,000 (insurance replacement values) However already this year is up 112% on last years turnover - Current years bridal turnover alone is £71000+ with busy months of the year left to go

Also as the business will be sold as a going concern all future deposits on bridal are to be retained by the new owner

Over 80 Bridal gowns and a full stock of menswear hire

Some very large and prominent Bridal retail names in store which cannot be matched within 10 miles at least

A very large store with a good central town position

Property information

Property:

Leasehold

Lease terms:

5 year lease with 2.5 yrs remaining

Leasehold rent:

£19,200 per annum

Location:

Central town location in Surrey

Premises details:

Large premises with over 2000 square feet

Size in square feet:

2,500

Other information

Expansion potential:

Essentially as much growth as you have time for...!

The current owner has moved already out of the area and therefore time for expansion has been limited - there is however the space and market to grow

Competition / Market:

Competition within a local area is only 1 shop with entirely different designers - for the number of local people however this is more than sustainable and both stores have been working well alongside each other for many many years

Support & training:

Full training and support will be offered in situ

Reasons for selling:

Relocation

Trading hours:

Closed only 2 a week other than that usual business operation

Although appts are needed in advance due to busy period

Furniture / Fixtures value:

£15,000 (included in the asking price)

Inventory / Stock value:

£80,000 (included in the asking price)