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Asking Price$94,046
Revenue$83,074 Established2005
Cash Flow$31,348 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Bridal Wear Boutique – Bridal Gowns, Bridesmaids, Men’s Formal Wear and Accessories
Ref.AB196
Location Mid Wales
Asking Price £ 60,000
Leasehold

Asking price includes:

Turnover of circa £53,000
Gross Profits of £20,000
Stock £35.000
Goodwill £25,000

Well established and respected business
High street location
Goodwill
Business profile:
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.
Facilities:The business operates from small high street shop with a floor area of circa 450sq ft on two floors. The premises have been re furbished and fitted out to a very high standard and careful internal design means a large level of stock is displayed for all to see. The first floor contains a changing area and a small kitchen and toilet. The premises are subject to a rolling lease at an annual feee of £8000 per annum.
Competition: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.
Training/Support:The owner will provide a full handover for a period to be agreed as part of the sale negotiation.
Sale Reason:The partners are reluctantly selling the business due to the health issues
Ad #50722
Seller Reference #AB196
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Turner Butler
0044 1895256000
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