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Established Bridal Boutique - Kingsclere For Sale

Kingsclere, Hampshire, UK
Asking Price:
£130,000 Furniture / Fixtures included
Sales Revenue:
£105,063
Cash Flow:
Available on request

Affluent Village Location
Accounts Available Year End 31st March 2022
(Revenues 2021-22 Covid Affected)
Annual Turnover £105,063
Gross Profit £58,871
Accounts Available After Viewing
Established 2017
Stunning Position
Beautifully Presented
Strong Social Media Following
Fantastic Online Reviews
Scope For Longer Opening
Potential For Strong Marketing Drive
Scope To Attend Wedding Fairs/Events
EPC - TBC

REF 7795 – Leasehold Bridal Boutique

Blacks Brokers are pleased to bring to the market this leasehold bridal boutique located in Kingsclere, Hampshire.

INTRODUCTION

The Wedding Dress Barn Ltd was established by our client in this affluent village of Kingsclere in 2017. The boutique offers a range of stunning bridal gowns and accessories. It has become very well known in this sector with a unique range of designer gowns available for sale - this boutique is the only UK supplier of Lanesta and Armonia. The business benefits from a huge amount of custom generated by word of mouth recommendations. Our client has ensured the business has an excellent reputation and superb reviews are noted online. The Wedding Dress Barn Ltd has a comprehensive website in place.

LOCATION

The Wedding Dress Barn Ltd occupies an exquisite trading position accessed by a private lane in the picturesque village of Kingsclere. The area was once used for the filming of Watership Down and is also home to a famous horse racing yard. There are also a number of local amenities nearby including farm shops, hotels and eateries. The area is well linked by the A339 with very strong public transport links and parking is available immediately outside the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business and family commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling annual lease which began in 2017 – this runs at a cost of £220 per week. We are advised that a new lease can be made available to a new owner.

STAFF

The business operates with two members of part time staff in employment supporting our client working on a part time basis. A new owner able to manage the business on a full time basis could increase turnover substantially.

FINANCIAL DETAILS

The Wedding Dress Barn Ltd has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end Accounts Available Year End 31st March 2022
(Revenues 2021-22 Covid Affected), Annual Turnover £105,063
Gross Profit £58,871. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well established business occupies an enviable trading position in a very affluent and sought after area of Berkshire. Our client has secured an exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours and a strong marketing drive – the business has been previously managed to suit our client’s otherwise busy lifestyle but there is demand and scope for full time opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Appointment Only

Contact Blacks Business Brokers

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