Business for sale

Business description

Advent Business Sales are pleased to offer for sale this well-established bridal wear and bridesmaid boutique.

Established in 2001, the current owner has owned the business for the past two years and has reluctantly decided to sell due to personal commitments.

The business occupies a spacious shop which has been elegantly furnished to a very high standard, giving a very pleasant ambience to this boutique.

The business has an enviable reputation which is mainly due to the quality of stock on offer.

Our client stocks some of the finest designer names which are well known including Sophia Tolli, Amanda Wyatt, Kate Sherford, Eddy K, Ronald Joyce.

To compliment this range most of the bridesmaid collection is by D’Zage.

In additional, a good range of shoes, accessories, veils and tiara’s are stocked.

The business has its own website which further attracts potential buyers from as far away as London.

Our client has advertised the business well in addition to Yellow Pages, Yell.com and Thompson Local; the business is advertised in a premium hotel brochure which attracts a good level of affluent clientele.

The business is staffed solely by the vendor and 1 Saturday sales assistant who works 6 hours.

Attached to the premises is a 2 bedroom apartment which has been rented out independently receiving additional monthly income of approx £500.

TRADING HOURS
Mon, Tues, Thurs- Sat: 10.00am – 4.00pm
Wed & Sun: Closed
EXPANSION POTENTIAL
There is excellent scope and potential to further increase sales, via internet sales and wedding fares. In addition, there would be a great benefit to extend opening hours.

At present, the vendor does not do any alterations, if the new owner does offer alterations then this would bring additional income, we are advised, in the region of £10,000 per annum
BUSINESS PREMISES
A spacious ground floor retail premise with living accommodation to the first floor, in a highly sought after area close to Sutton Coldfield.

Ground Floor
. Double fronted shop with central entrance
. Sales area with custom built shelving and racking
. Glass display cabinets
. Cash desk
. Cabinets showing accessories
. 2 x changing rooms
. rear storage
. Kitchenette
. W/c
. Rear exit
. Separate entrance for flat

First Floor
. 2 x double bedroom
. Fully fitted kitchen
. Bathroom
. Stairs to lounge/diner on second floor
External
. Garden to rear
. Paved to shop front


TENURE: Leasehold
Original lease: 3 years
Remaining lease: 2 years
Review every: 3 years
Rent: £16000 per annum

We are advised that the annual business rates are currently: £720