Sold

Beautiful Bridal Retailers Rushton Yard, Ashby

Ashby-de-la-Zouch, Leicestershire

£55,000 +SAV

Ref: 14428 J

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Description

Alice Rose Bridal has been operated by the current owner for the last three years within the sought after location of Ashby. Our client relocated the business to a larger premise in the beautiful Rushtons Yard retail development in 2017; to meet the growing needs of the ever expanding bridal store. The current owner has built up an enviable business within this industry and due to family commitments this rare and exciting business opportunity has now become available. The business is currently 25% up on wedding dress sales this year, as well as already having a strong order book going forward into 2018. The current operator has built up and established contacts with exclusive dress designers including Dando London (Signature Range) which is an exciting fashion forward label with an excellent exclusivity radius and is the dress label featured on ‘Say Yes To The Dress UK’. There is also stock available of Italian designer Eddy K, Opulence by Romantica, Ellis and Jessica Grace by Tiffanys. For bridesmaids there is a selection of Amanda Wyatt, Eliza and Ethan, Tiffanys and Alexia which gives the new owner a great head start within the industry and the opportunity to grow the business with the existing range and as well as finding it easier to expand into other areas. Alice Rose Bridal is a turn key business opportunity in a competitive market which has all the benefits of an established business, coupled with being in a smart sought after location with plenty of growth potential for the new operator.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity. The current rent passing at £750 plus VAT per month. There is also an annual service charge for the upkeep of the retail areas at £400 plus VAT per annum.

Hours

The opening hours are currently: Monday & Tuesday: 10am to 4pm Thursday & Friday: 10am to 5pmSaturday: 9:30am – 5pm The business is currently closed on Wednesday and Sunday.

Staff

The business is run and managed by the current vendor with the help of 1 part time staff member.

Financial Profile

We are advised the business is currently turning over in the region of £93,000 per annum with a healthy adjusted nett profit. There are no rates payable on the business.

Location

Alice Rose Bridal is situated in the heart of the busy and sought after North West Leicestershire market town of Ashby. The business is nestled in amongst the other activities within the Rushtons Yard, a picturesque retail development in the centre of the town. The business is easily accessible by both public transport and car with plenty of free and pay and display parking opportunities within the vicinity.

Premises

Located across two levels in a bespoke trading unit within the Rushtons Yard with a dedicated car parking space for the vendor. All display counters shelving units, rails and racking are included, light fittings, fixtures and storage utensils across both floors.

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