Business for sale

Business description

Established in its current format approximately two years ago – evolving from the closure of one of the UK’s leading High Street bridal and mens formal wear chains, this business, still part of a franchise/buying group arrangement formed from the top 16 performing stores from the original chain, has firmly established itself as the place to go for Brides and Bridegrooms planning their big day or for men dressing for that formal occasion. Prominently located on a busy High Street – in premises that have been associated with bridal wear and formalwear for almost twenty years - in a very affluent town in Kent, this business goes out of its way to make every customer feel very special from the minute they walk through the door right through to the big day itself. Offering a very personal one-to-one service, for Designer Wedding Dresses, Bridal Gowns, Bridesmaid Dresses, Bridal Accessories, Mens Hire Wear, Men's Tuxedo Suits or even Highland Wear, this is the place to visit.
With something for all budgets and all sizes, this business is an ideal retail outlet for the sale or hire of clothing with private fitting rooms, large mirrors, a wonderful showing area and a stunning array of gowns, dresses, suits and accessories. It has a warm and friendly ambience, enhanced by the welcoming, attentive assistance provided by the highly experienced and professional staff.
Carefully chosen to give a diverse selection, from the traditional to more contemporary styles, the collection of bridal gowns and bridesmaids dresses – which includes a range developed in conjunction with a major international manufacturer and exclusive to this group is spectacular and certain to capture the imagination of any Bride. The shop’s wide range of bridesmaids' gowns is equally stunning. New creations are purchased for the collection in the Spring and Autumn when the designers' new styles are released.
The range of menswear is equally impressive – with retail and hire stock held in-store, and readily available. Whether the need is evening wear, everyday suits, wedding attire, or accessories; this business has it available for hire, or for purchase with stock regularly updated in line with current fashions, whilst still maintaining a classic range.
This company is successful because the staff ensure customers are delighted with the service they receive which leads to excellent personal recommendations and a constant stream of customers. With turnover for the financial year ending June 2009 of nearly £200,000 with gross margins of £130,000 and pre-tax net operating profits of £38,000 after Directors remunerations and interest payments totaling £20,000, this is an excellent opportunity to acquire a very profitable business with the very best reputation and excellent growth prospects.