Business for sale

Business description

Advent Business Sales is pleased to offer to the market this excellent bridal and men’s formal wear business.

Established by our vendors in 1992 it is now being reluctantly offered for sale as the vendor is starting a family and is planning to emigrate.

The business offers a comprehensive range of goods including:
1. Bridal wear
2. Bridesmaid dresses
3. Accessories
4. Menswear hire
5. Full fitting and an alteration service

The business has an excellent reputation and is well advertised in Yell.Com, Yellow Pages, Celebrations Magazine (given free of charge to all applying for a licence), its own web site and they also attend wedding fairs on a regular basis.

Annual turnover is currently approximately £220,000 with a very healthy gross profit of approximately 56%.

The business employs two full time staff and two part time (Saturday’s only) as well as the two vendors.

Stock at valuation is currently estimated at approximately £45,000 with 60 to 70 bridal dresses and 12 different suit styles on display at any one time.

General Information

Trading hours:Mon – Fri: 10am – 5.30pm, Sat: 9.30am – 5.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 8 years Remaining lease: 5 years Review every: 4 years Rent: £22,824 p.a. We are advised that the annual business rates are currently: £4,630
Living accomodation:BUSINESS PREMISES The business occupies the ground floor and basement of this attractive 2 storey listed building. Good window frontage with central entrance door leading into the first retail area with bridesmaid dresses and suits displayed around the perimeter walls. There are 2 fitting rooms available here. Through to rear, brides dress area with an extensive handing display of 60 to 70 dresses, large wall mirrors all around so customers can view their selection from every angle. There are a further 3 fitting rooms available.

Location:Our clients are ideally located on a main road of an affluent town in Hertfordshire. The business is surrounded by a large number of businesses, both corporate and independent, who all contribute to attract a high volume of both passing and regular trade.

On street pay and display car parking is available to the front of the shop as is a large NCP car park.

The town itself has excellent road links via the M25 which is a few miles to the South.

Expansion potential:EXPANSION POTENTIAL Whilst our vendors already have a successful and profitable business, there is still good potential for growth including: 1. Mother of the bride 2. Prom dresses 3. Shoes 4. Stationery 5. Bridal hire 6. Shirts, bow ties, retail sale of suits It also has many weddings booked well into the future.
Financing available:Please let us know if you require finance for the purchase of a business.