Premier Bridal Shop
Ref.AB082 Location EssexAsking Price £ 115,000Confidential offered for sale | |
Asking price £115,000 plus SAV
Asking price includes:
The finest couture wedding dresses, shoes and accessories
Elegant and tastefully decorated leasehold premises
Sales revenue exceeding £120,000 per annum
Leading Brand name usage
Old fashioned service
Excellent reputation
High Street location
Leasehold Premises
Goodwill | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | This designer bridal boutique has an excellent reputation for offering something different to the modern bride, from lingerie, through to shoes and accessories. Our client has created this new concept in the bridal market, which is an excellent value proposition.
The couture range of bridal gowns in store has now been expanded to include ‘off the peg’ gowns, making the designs even more widely available and at competitive prices. Designs are available in all sizes and are sophisticated and flattering to the figure, with a timeless understated elegance.
Based in the heart of Essex the shop is ten years old and has been under the current ownership since inception. It has a warm and friendly ambience, enhanced by the welcoming; attentive assistance provided by the highly experienced and professional staff and is highly respected for its designs and the quality of workmanship.
Exclusive and very different these designs are sought after by customers eager to break away from the stereotype and find contemporary understated glamour to stand out from the crowd and feel like a million dollars.
The showroom is ideal for the discerning bride, with private fitting rooms, large mirrors, a wonderful showing area and a stunning array of gowns, dresses and accessories. The shop retails a critically acclaimed collection of bridal wear that is ahead of its time, stylish, innovative and glamorous. The quality & technique of garment production is perfected to the highest standards. A stunning collection of veils, tiaras and accessories complement and complete everything required.
The sale of this business is a rare opportunity to purchase a renowned, well-established, prestigious bridal boutique. This business, which has a reputation that is second to none is highly profitable, extremely successful, and a professionally run operation. This opportunity would allow the buyer to enter the glamorous world of female fashion in an exclusive location and have exclusive rights to a unique fashion brand name.
Equipment:
The business is fully computerised for both it’s stock control and client base is manual.
Customer Service:
This business offers an excellent and unparalleled level of customer service in a welcoming and relaxed environment. There is a wide range of beautiful gowns, with variations on styles, limited editions and fitting and alterations available to ensure the perfect dress for the perfect day. Our client current runs the business single handily and believes that every bride has the right to feel and look beautiful on their special day. With this in mind, every effort is made to work with clients so that they select the perfect dress to reflect the individual look each bride strives for. | Key Strengths:
This business prides itself on the excellent levels of service it provides. Every customer is made to feel very special indeed and the business receives many letters of appreciation throughout the year.
Everything about the way this shop operates exudes quality, gowns, are presented to customers - all of which adds to the very ‘exclusive’ feel this business has and enhances the very special experience each Bride enjoys.
In the retail sector location is everything and this store has it all. As well as local customers, brides visit this outlet from far and wide as a result of the excellent reputation this business has built as well as boosting the largest stock of bridal shoes in Essex.
Growth and Expansion:
This business has an excellent market outlook; Designer Bridal Wear is recession proof with brides-to-be happy to spend on their outfits for the big day. With turnover in excess of £120,000 per year this is an excellent opportunity to acquire a very profitable business with the very best reputation and excellent growth prospects. This opportunity would suit an owner manager. Currently the business caters for mainly couture; the recent introduction of off the peg gowns is generating great interest and will certainly create a consequent impact on turnover and profitability.
Key Opportunities:
The purchase of this business is a fantastic opportunity to build on an already established bridal shop with a fantastic reputation. This business prides itself on providing a more personalised approach to bridal fashion styling, which a new owner can build upon and increase turnover quite considerably. | | Premises:
This superb store is situated in a prime high street location in Central Essex and attracts many customers.
The ground floor showroom has beautiful displays of the sample wedding dresses along with a wide choice of accessories chosen to compliment the different styles, which can be tried in the spacious, mirrored, private fitting rooms, which are all fully air conditioned.
The showroom is approximately 1187 sq ft and is fitted to an extremely high standard.
Leasehold with fourteen years remaining on the current lease, the premises also comprise of an office, stock room, kitchen and toilet, current rent is £11,000 per annum with rateable value £4,600 per annum.
The rental income for the flat is £750 pcm.
Business Hours:
Monday to Saturday 10.00 am – 6.00 pm. Evening and Sunday fittings are arranged by appointment.
Security:
The premises are secured by ADT alarm system. | 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 trade magazines, trade shows, exhibitions and trade awareness. The shop has plenty of positive referrals from word of mouth recommendations; this highlights the positive feedback that is generated. Excellent in house brochures and leaflets are also distributed.
The business has created an informative website, thereby affording the business far more exposure. The shop also generates sales from direct marketing. The company maintains strong advertising connections with various bridal magazines with constructive impact on sales. Paid for advertising in the past has included articles in various associated glossy magazines. Consistent 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 £120,000 per annum, with a gross profit of 33%. The projections for the coming years are well in excess of this and our clients feel that in the right hands the business could build on its excellent reputation and double the turnover. | Employees:
This business is owner run with no additional employees. | Support and Training
Full support, training and handover will be given to the successful purchaser | Reason for Sale:
Our client is selling the business due to family commitments. | | 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 |
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