Leasehold Bridal Wear Retailer
Location England
Asking Price Range < $250K
Gross Revenues $125000
Net Profit / Cash Flow $62500
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1978
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD œ29,995. Established 30 years ago and in the hands of the current vendor for 4 years, it is now reluctantly offered for sale due to the vendor's relocation plans.
The business has experienced increasing turnover year on year and offers a range of bridal wear including off the peg dresses as well as the more popular bespoke design dresses on a made to order basis.
The main sales area is spacious and well decorated and stocked and equipped to a high standard. The vendor has recently designed a website where online purchasing has been introduced creating sales of approximately œ500 per calendar month and steadily increasing.
The business is currently staffed by the vendor plus 2 full time members of staff, 3 part time Saturday staff and 4 freelance self employed designers. This enables the vendor to work a 3 day week only.
There are currently approximately œ36,000 of forward orders and there also orders extending into 2008.
BUSINESS PREMISES - An attractive ground floor premises in a prominent location with the added security of a monitored alarm system and CCTV and consisting of the following: Ground Floor, Large double frontage display windows with doorway leading into main sales area, decorated well throughout with racking, seating area and serving counter to rear, Archway leading through into fitting area and large fitting room, Store room, Kitchen and w/c, Cutting room with machinery. External - Paved to road at front.
TENURE: Leasehold.
Original lease: 10 years.
Remaining lease: 6 years
Review every: 5 years.
Rent: œ11,000.
We are advised that the annual business rates are currently: œ3,000.
TRADING HOURS. Mon - Tues: 10.00am - 2.00pm, Wed - Thurs: 10.00am - 3.00pm, Fri: 10.00am - 4.00pm, Sat: 9.30am - 5.30pm, Sun: closed. Contact for more information on this Bridal Wear Retail business for sale.
Click Here To Contact Seller
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