business for sale

Bridal Wear Boutique

Businesses for Sale

Sale Memorandum

Bridal Wear Boutique


Ref.AB059

Location South Wales

Asking Price £185,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking Price Includes

Wonderful wedding dress and mother of the bride gown collection
Bride Groom and Ushers Top Hat and Tail Hire plus Formal Wear
Superb Costume Jewellery Collection
Sales which are growing year on year
Beautifully decorated premises
Evening wear and Ball Gowns
Fantastic collection of sampling
Excellent opportunity to grow
Office furniture and equipment
Excellent supplier partnerships
Complete Turnkey Operation
Extremely lucrative margins
All fixtures and fittings
Informative Website
Training and handover
Excellent reputation
Computers system
Security System
Great location Advertising
Goodwill

Business profile:

This highly successful bridal boutique is located in South Wales and enjoys a wonderful reputation for offering a professional service for brides, mothers of the bride and wedding guests who are looking for that special outfit for one of the most important day of their lives.
The wide range of bridal gowns including more than twelve top named bridal gown and evening wear manufacturers. The business also stocks a wide range of shoes to complement the chosen outfit.
The company was established ten years ago by its present owner and has grown year on year ever since. This success has been based on setting and maintaining the highest standards of customer care, providing a wide range of gowns, veils, tiaras and accessories suitable for all tastes and styles, fulfilling the needs of not only the bride and her mother but also the groom and other key guests. This has resulted in a significant amount of new customers being referred by delighted clients.
The shop has a welcoming and relaxed atmosphere, the experienced staff is friendly, knowledgeable and attentive and give balanced and considered advice. The showroom is ideal for the discerning bride with a huge selection of gowns available to try on, with all alterations being carried out on the premises. There are private fitting rooms, large mirrors, a wonderful showing area and a stunning array of gowns, dresses and accessories. A huge collection of hats, veils, tiaras and accessories complement and complete everything required.

Growth and Expansion:

This business has an excellent market outlook; Bridal Wear is recession proof with brides-to-be and their parents and partners happy to invest on their outfits for the big day. With turnover in excess of £370,000 per year this is an excellent opportunity to acquire a very profitable business with the very best reputation and excellent growth prospects.

Customer Service:

This business offers an excellent and unparalleled level of customer service in a welcoming and relaxed environment. The staff are all aware of the importance of making the buying decision part of the preparations for the day itself. Nothing is too much trouble and clients are encouraged to take as much time as is required to come to the right decision.

Key Strengths:

This business prides itself on the excellent levels of service it provides. Every customer is made to feel very special and the business receives many letters of appreciation throughout the year. Such is the reputation of this business that brides-to-be and their relatives travel from all over the South West to choose their outfits for their special day. The boutique even has customers who have travelled from Scotland and Ireland.
Premises:

The character premises cover approximately 3000square feet in total and are situated within easy reach of the motorway network. A comprehensive CCTV security system has cameras in every room and is fully linked to Redcare. The reception area is supported by four well-decorated and beautifully appointed display rooms where tiaras and costume jewellery are tastefully displayed in a range of glass cabinets. In addition there are nine well-lit changing rooms with mirrors and an alteration room where any necessary changes can be made. The reception also acts as a rest area for clients to relax while considering the choices available to them. There is an admin office a general room and two store rooms. An ample parking area is located adjacent to the showroom.
The premises will be available on a leasehold basis the terms of which will be agreed as part of the negotiations
Advertising and Marketing:

The business has built up a strong marketing base, providing an excellent foundation from which to grow. Its current advertising methods include radio advertising, trade and fashion magazines, trade shows and local papers.
The business has created an informative website, thereby affording the business far more exposure. The business also carries out two fashion shows per annum that has the effect of raising its profile and bringing in new customers. Ongoing growth will be achieved by building on this success.
Financial profile:
The business is being offered for sale on a going concern basis, to include the use of the brand name. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with sales revenue exceeding £370,000 per annum.
Employees:
The store currently employs a two part time and eight full time members of staff.
Support and Training:

Our client is happy to provide training for a period of time to be negotiated prior to the sale.
Reason for Sale:

The sale of this business is a rare opportunity to purchase a renowned, well-established, prestigious bridal and mother of the bride ladies boutique. This business, which has a reputation that is second to none is highly profitable, extremely successful, and a professionally run operation. After a long and successful career the owner has decided to retire due to ill health.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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