Hilton Smythe is delighted to welcome to the market this well established and popular bridal boutique, which is ideally located in Dorset.
The business was established by our client in 2006 and is only now, reluctantly, being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 63%.
Our client offers a wide range of wedding dresses, bridesmaid outfits, ball gowns, prom dresses and accessories, from a variety of designers such as Sincerity, D'Zage, Alfred Angelo and Sonsie, to name a few. The property boasts 57 sq. metres of floor space, is very well maintained, decorated to a very high standard and well fitted out to suit the trade.
The business has built up an excellent reputation within the industry for the very high quality of the dresses and service offered, which has resulted in a high volume of word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and service offered. The business already has an excellent and informative website in place to promote the business.
We are advised the landlord has put the freehold on the market for £190,000; this includes the 4 bedroom accommodation above the shop and garden to the rear. This is available upon separate negotiation.
This is an excellent opportunity for a new owner to take this already busy bridal business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 10 years as of 16th October 2016, when it was renewed for 10 years.
Rent: £3,600 per annum
Freehold available for £190,000 upon separate negotiation.
HOURSThe business is open:
Tuesday - Saturday: 10.00am - 4.30pm
STAFFThe business is owner run and managed with her daughter.
FINANCIAL PROFILEThe business generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 63%.
This busy bridal boutique occupies substantial ground floor premises, ideally located with a town in Dorset. The business is situated within a parade of complimentary shops and businesses, on a busy road, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.
The area of the business is well served by the public transport system, with a bus stop directly outside the property. The nearest railway station is just half a mile away. The area is also well served by the A-roads, with one being within close proximity, which links to the national A-road and motorway networks.
Substantial ground floor premises in an ideal trading location, briefly comprising:
Double display windows.
Table and chairs.
Steps to a further display area with hanging rails.
2 x fitting rooms.
Small outside space.