Status: For Sale
Tenure: Leasehold
Leasehold Rent: £7,500 per annum
Turnover: £103,953
Beautiful Bridal Boutique in Prime LocationBeautiful Bridal Boutique in Prime LocationBeautiful Bridal Boutique in Prime LocationBeautiful Bridal Boutique in Prime Location
£54,995 + SAV

Beautiful Bridal Boutique in Prime Location

For Sale
  • Reference: 13714 J
  • Location: Crawley, West Sussex
Hilton Smythe welcomes to the market The Bride Shop, a beautiful well-known bridal boutique set in a quaint location. 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 move aboard 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 designers some of which are exclusive labels to the boutique and the area. The boutique stock all styles to suit all venues and destinations, prices vary from £800 - £2,000. 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 Bride Shop generated an advised turnover of £104,000 as of the 2016 accounts, with a gross profit of 54%. There is scope to boost this figure, 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. This can be found at www.crawleyweddingboutique.co.uk. 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.

TENURE

We 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.

HOURS

The business opening hours: -

Monday: Closed
Tuesday: 10am - 4pm
Wednesday: 10am - 4pm
Thursday: 11am - 8pm (appointment from 4pm onwards)
Friday: 10am - 4pm
Saturday: 9:30am - 5:30pm (appointments required)
Sunday: Closed

STAFF

The business is run and managed by our client, with the help of weekend staff.

FINANCIAL PROFILE

The Bride Shop generated an advised turnover of £104,000 as of the 2016 accounts, with a gross profit of 54%.
The Bride Shop is situated in the hamlet of Three Bridges, Crawley, West Sussex.

This thriving boutique is set on a small retail parade in a residential location just five minutes from Maidenbower, Pound Hill and Crawley town centre. Three Bridges has all amenities and its own train station. There are ample retail outlets this includes large well-known chain stores, but mostly quirky independent retailers.

Crawley is a bustling town with a population of circa 110,900 as of 2015. The town is just 28 miles south of Charing Cross, 18 miles north of Brighton and 32 miles east of Chichester. One of the UK's busiest airports, Gatwick is just on the edge of town, allowing for all year-round heavy footfall and passing trade.

The business is a short drive away from the A2011 and the M23 motorway network. As well as great road connections Three Bridges also boasts generous public transport. Three Bridges train station is just a 2-minute walk away, this has regular daily routes into Bedford, London Victoria, Horsham, Brighton, Portsmouth Harbour and Bognor Regis. Major bus routes are also within walking distance.
The Bride Shop boasts a generous sized retail boutique. 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: -

Hanging rails
2 x Chaise longue
Shelving
2 x chairs
Table
2 x large mirrors

The property boasts low rent.

Contact us today for more information

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