Hilton Smythe is delighted to welcome to the market this popular bridal wear business, which is ideally located within the town of Sutton Coldfield in the West Midlands.
The business was originally established in 2001 and is only now, reluctantly, being offered to the market due to our client's unfortunate health problems. The business currently operates 5 days per week and by appointment only in the evenings and on Sunday, generating a turnover in the region of £81,100 per annum, with a gross profit of approximately 62%.
Our client offers a wide range of bridal gowns and bridesmaid dresses and is an agent for Sophia Tolli, Eddie K, D'Zage and Amanda Wyatt shoes and accessories, as well as Rainbow shoes and tiaras. The property boasts 72 sq. metres of floor space, is very well maintained and decorated to a very high standard. The first floor offers a two-bedroom flat, which is currently being rented out for £500 per month, but would make excellent owners' accommodation, should a new owner desire.
The business has built up an excellent reputation within the area for the high quality of the gowns and dresses offered, which has resulted in a vast amount of word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Thursdays, as the business is currently closed on this day. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has a very informative website in place.
This is an excellent opportunity for a new owner to take this busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 6 years
Remaining lease length: 6 years, as of September 2016
Rent: £18,000 per annum, which includes the two-bedroom flat
HOURSThe business is open:
Monday - Wednesday: 10.00am - 4.00pm
Friday - Saturday: 10.00am - 4.00pm
Sunday and evenings: By appointment only
STAFFThe business is owner run and managed with daughter, 1 x part time staff member and 3 x self-employed seamstresses.
FINANCIAL PROFILEThe business generates a turnover in the region of £81,100 per annum, with a gross profit of approximately 62%.
Designs on You occupies substantial two storey premises, ideally located within the town of Sutton Coldfield in Birmingham, West Midlands. The property is located within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from excellent car parking facilities to the front of the premises.
Sutton Coldfield is a town and civil parish in Birmingham, forming a suburb of the city. The town lies about 6½ miles northeast of Birmingham City Centre and borders Little Aston, North Warwickshire, Lichfield, Erdington and South Staffordshire. According to the 2011 census, the town had a residential population of 95,107.
The area of the business is well served by the public transport system, with a bus stop directly outside the premises. The nearest railway station is Chester Road, which is approximately 3 miles away. The area is also well served by the A-roads, with both the A4041 and A452 being within close proximity to the property, which link to the national A-road and motorway networks. Coventry is approximately 26 miles away and Solihull is 23 miles away.
Substantial two storey premises in an ideal trading location, briefly comprising:
Ground floor with:
Windows and glazed door creating a light and airy interior.
Free standing glass display cabinet.
Window display plinths in each window.
Perimeter hanging rails.
Suspended ceiling with concealed lighting and spot lighting.
2 x generous changing areas with perimeter hanging rails.
High quality carpeting throughout.
To the rear:
Staff room with a range of wall and base units.
Sink unit and drainer with Monobloc tap.
Wall mounted Potterton boiler.
Floor storage space.
Two-bedroom flat, currently let out for £500 per month.
Well signed business.
Good car parking facilities.