Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Bridal Wear Boutique – Bridal Gowns, Bridesmaids, Men’s Formal Wear And Accessories

LISTING DETAILS
Firms For Sale ID:
28812
Vendor reference:
AB196
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£60,000  
Turnover / revenue:
£53,000
Net profit / cashflow:
Undisclosed
Years established:
2005
Number of employees:
2

OTHER DETAILS
Reason for selling:
All the hard work in establishing a strong brand and local presence has now been done and the rewards of their efforts are starting to be seen. The partners are reluctantly selling the business due to the health issues that are restricting the time and effort that can now be committed.
Support and training:
The owner will provide a full handover for a period to be agreed as part of the sale negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are subject to a rolling lease at an annual feee of £8000 per annum.
 
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BUSINESS DESCRIPTION
Bridal Wear Boutique – Bridal Gowns, Bridesmaids, Men’s Formal Wear and Accessories
Ref.AB196
Location Mid Wales
Asking Price £ 60,000
This boutique represents a great opportunity to buy a well established and respected business providing bridal services to families in mid Wales. It is an ideal business for a sole trader or partnership. The owners have created a warm and relaxed environment welcoming brides and their entourage and encouraging them to take advantage of the considerable experience and knowledge of the partnership.

The business was established in 2005 when it became apparent to the owners that there was no such enterprise for the local population of around twelve thousand residents or within a fifteen to twenty mile radius of their location. There was therefore a significant unsatisfied demand for such an operation. The local farming community have been particularly supportive as the business is happy to arrange out of hours appointments to fit in with the long hours that the industry demands.

The shop specialises in providing bridal ware and also formal attire for the groom, bridesmaids and flower girls. They also stock accessories in the form of tiaras, jewellery, shoes, dolly bags and fur shrugs.

The key strength of the business is its ability to stock wedding dresses from a broad range of quality designers including Alfred Angelo, Trudy Lee, and Stevies of London. Their careful choice of gowns meets the demands of the most discerning bride to be and command an average retail price of between £600 and £700. They also offer a dress the bride service.

Market / Competition / Non-Competition Agreements
The business has been very active in raising their profile within the community. They advertise in Wedding Magazines and local wedding brochures. They have invested in a local radio campaign and appear on multi-media screens located in key locations in the town centre.

They also attend a select number of wedding fairs which take place at local hotels with whom they have established strong relationships and a reciprocal referral programme. Testimonials are frequently received and play a part in the marketing of the shop.