Hilton Smythe welcomes to the market this beautiful well-known bridal boutique. The boutique first opened its doors in 2012 and has been a great success, receiving more and more custom each year. Our client now looks to sell the boutique, due to the desire to take a well-deserved retirement.
This reputable business runs as a bespoke wedding dress boutique. They stock a variety of British and internationally recognised top designers. As well as bridal gowns, the boutique also stock a range of bridal shoes, tiaras and veils, jackets, belts and straps as well as foot jewellery.
Our client is committed to giving brides a unique and fabulous experience and pride themselves on being one of the best bridal shops in Sussex. Our client has years of experience and operate appointment bookings in order to offer an exceptional and unhurried one to one service.
We are advised there are currently dress orders to be for filled, and so there will be ongoing work from the onset.
The boutique generated an advised turnover of £104,000 as of the 2016 accounts, with a gross profit of 54%. However, there is scope to boost income, by extending opening hours. The business opens some evenings for appointments only. Opening in the evenings and all weekend should maximise the number of brides seen each week. We are advised the business can be easily run and managed by just one owner. The boutique currently has limited appointments available, with two full time members of staff more appointments can be taken; therefore, boosting income.
The business is a member of the British Bridal Retailers Association, a recognised service in the trade. Our client also attends London and Harrogate buying shows twice a year. Customers from London and the coast can easily visit the boutique via trains to the local train station; this is ideally situated just a stroll away from the boutique.
Included in the sale is the easy to use, high quality website. The site is filled with a plethora of information and boasts a gallery of some of the stock available in the boutique. The business also has a Facebook page, this is regularly updated and boasts over 4,850 followers; a great way to advertise the business.
The retail premise has been completed to the highest standard providing a tranquil environment for its brides. The property boasts low rent and free parking for customers. This is set just to the side of the property and can cater for 2-3 cars.
This is a fantastic opportunity for a serious purchaser with an interest in the trade. An inexperienced first time buyer will also be offered a handover period by the current owner to allow for a smooth transaction period. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 9 years.
Remaining lease length: 4 years as of 2017.
Rent: £7,500 per annum.
HOURSThe business opening hours: -
Tuesday: 10am - 4pm
Wednesday: 10am - 4pm
Thursday: 11am - 8pm (appointment from 4pm onwards)
Friday: 10am - 4pm
Saturday: 9:30am - 5:30pm (appointments required)
STAFFThe business is run and managed by our client.
FINANCIAL PROFILEThe boutique generated an advised turnover of £104,000 as of the 2016 accounts, with a gross profit of 54%.
Predicted turnover of £120,000 in the 2017 accounts.
This gorgeous bridal boutique is ideally located in West Sussex.
This thriving boutique is set on a small retail parade in a residential location. The area has all amenities and its own train station, located just minutes away. There are ample retail outlets this includes large well-known chain stores, but mostly quirky independent retailers.
The boutique boasts a generous sized retail premises. Large windows across the front of the boutique allow for a bright and airy interior. The boutique looks presentable and highly inviting with the eye-catching window displays. There are parking bays directly outside the boutique and a car park to the side.
On entry is the open plan retail area. There are hanging rails all the way around the perimeter of the room. To the rear of the retail space are two large changing areas, with floor to ceiling mirrors. In the centre of the room is a consultation table with two chairs.
Through to the rear of the property is a stockroom, staff kitchen and toilet.
There is a private car park at the back of the business.
Equipment includes: -
2 x Chaise longue
2 x chairs
2 x large mirrors
The property boasts low rent.