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Finance And Services:

Sold. Multi-award Winning Designer Bridal Wear Boutique

LISTING DETAILS
Firms For Sale ID:
34978
Vendor reference:
AB245
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£125,000  
Turnover / revenue:
£306,000
Net profit / cashflow:
Undisclosed
Trading hours:
Open Monday-Saturday Closed Sundays at present
Number of employees:
4
Employees / staffing:
The business has superb staff in place who are a real asset of the company.. The vendor tends to oversee the operation through choice. Staff include two full time bridal stylists (one being a senior stylist) as well as two part time bridal stylists.

OTHER DETAILS
Support and training:
The owner will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to new owners. This should be relatively straightforward as staff are highly skilled and knowledgeable.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is currently run from substantial leasehold retail premises, ideally located on a busy retail site. It is understood that the landlord would be happy to offer a new lease to a new owner. The premises are very tastefully decorated and provide a wonderful and comfortable location for the bride to be to indulge herself. Current rent is circa 13,000 p.a.
 
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BUSINESS DESCRIPTION
Multi-Award Winning Designer Bridal Wear Boutique
Full Fitting Service
Ref. AB245
Location : Tyneside/North East
Asking price: OIRO 125,000 plus stock at valuation (circa 60,000)
This business, set up by the current owner almost a decade ago, markets and sells bridalwear and accessories to a national audience throughout the uk. The business has positioned itself at the middle/upper end of the market it serves so well and provides a complete range of dresses and accessories to ensure any wedding day is a complete success, be it wedding dresses, bridesmaids dresses and headwear.
The business prides itself on offering a complete service which helps guide the bride through the months prior to her big day and can offer advice and planning details from the first steps of such planning right up to the wedding, honeymoon and beyond!
The business consistently strives for excellence and this is reflected in the quality and choice of gowns it carries in stock from well known and in demand designers, not to mention the many prestigious awards it was won. With separate and personal fitting and viewing areas customers receive all the help and service required from professional and attentive staff in beautiful surroundings.

Expansion Potential
Further development of the website represents an excellent opportunity for further growth and expansion as does a more aggressive sales and marketing campaign. Additional opening hours would also have a positive effect on turnover, especially Sunday trading with many clients willing to travel significant distances to try the latest designs and styles.

Market / Competition / Non-Competition Agreements
Because the business has strong supply agreements with many of the designers it partners with it is very well supported by the designers own marketing campaigns. In saying that the business also advertises directly within the major national bridal wear magazines. The business also has its own website which illustrates those designers it represents. However most of its revenue is generated via word of mouth referrals, recommendations and the kudos/exposure its many awards generates.