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Business for Sale Overview:

This business was set up by the current vendor some ten years ago and in that time has established itself as a high quality yet personal retailer of exclusive bridal wear not to mention bridesmaids attire and more recently mother of the bride and evening wear. It operates from two high profile retail sites, the second site having opened some two years ago such has been the demand for the designs, knowledge and service this business provides. The business has in stock more than 300 gowns sourced from British and International award- winning Designers and Manufacturers many of whom are truly exclusive to the regions this business serves. If the business doesn’t carry a particular gown by one of their many reputable suppliers they are happy to source it for the bride such is the commitment to service.

Property Features and Assets:

The business is currently run two high profile retail sites some 25 miles apart. Site One- The first site is freehold (circa £200,000). The vendor would consider selling the property should a new owner require or alternatively set up a suitable lease subject to negotiation. The premises are two story's with excellent display frontage. Total floor area is circa 1,000 square feet. Site comprises retail display areas, excellent changing facilities, store rooms, toilet and small office. The business is based on a major thoroughfare, easily accessible with plenty of public parking close by. The owner has spent a great deal on the decor and presentation of the building to retain its character and create the correct ambiance. Rates are £1,048 per annum. Current rent paid by business is £6,000 per annum. Because of its location and reputation it enjoys very high footfall levels. Site Two-The business has been at this second site for two years. The site is leasehold and positioned just off the major High Street in the town. The premises are again very tastefully decorated and provide a wonderful and comfortable location for the bride to be to indulge herself. The site comprises ground floor retail and fitting rooms with a basement area utilized for office, stock rooms, kitchen area and toilets. Total floor space is circa 2,000 square feet. There is room for expansion within the site. Current rent is circa £25,000 per annum. Rates are circa £6,900 per annum. There are 8 years remaining on the original 10 year lease. Business enjoys very high levels of footfall.

Market Competition and Expansion:

The business is very active in the market and has a superb informative website that keeps customers up to date on current ranges and offerings as well as giving advice and details of other complimentary services including local companies who may be required for the complete wedding experience. It also advertises within local trade and public press and enjoys some very high profile editorial in the media due to its impressive awards success. Because the business has exclusive supply agreements with many of the designers it partners with it is very well supported within the industry and often holds “Designer Days” and “Make-Over Days” as well as attending the regional bridal shows each year. It also enjoys the best form of advertising for any business, word of mouth recommendations and has an impressive portfolio of testimonials.