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Bridal Boutique Located In Worcester

Worcester
Veritas
Business ID:
#2154
  • Ref: 2154
  • Type: Bridal Shop
  • Availability: Sold
  • Business ID: 2154
  • Price Postfix: Veritas
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Full Details

Bridal Boutique Located In Worcester For Sale
Attractive Spacious Showroom
New Bridal Agency 
Ref 2154

Location 
This outstanding Bridal Boutique is located in Worcester. Worcester is very accessible with good railway and road links to the M5 motorway. Set in beautiful countryside with a vast amount of attractions and things to see and do and boasts an array of bars, restaurants and great shopping facilities.

Business information
Asking Price: £17,950
Turnover: £131,977
GP: £78,643 (59.58%)
Stock: £30,000 (flexible)

Leasehold
Original term: 3 years
Remaining : 18 months
Reviewed: 5 yearly
Rent: £11,000 pa
Rates: zero

Business Description  
Veritas Business sales are privileged to offer to the market this well respected Bridal shop which is located in Worcester. The business was established by my client back in 2011 and has been in her careful hands ever since. Reluctantly the business is now being offered for sale to pursue other interests.                                                         During ownership they have recently refurbished and invested in new fixture & fittings which are all bought and paid for and included within the sale price which is a huge plus for a new purchaser as additional funds will not need to spent for some time. Also included is an established website and a large following on social media. The business is owner operated and employs the help of 1 part time member of staff and posted an annual turnover for 2016 of £131,977 with a GP of £78,643 (59.58%). They retail a high quality and up to date range of bridal gowns to include Ellis Bridals, Modeca, Fox Bridal, Special Day and Sophia Tolli. They also offer destination wedding gowns for the faraway wedding, intimate bridal settings or 1950's wedding gowns for that vintage venue along with Prom, Occasionwear, accessories, tiaras, hair vines, combs and bridal veils.                                                                    We believe that there is further potential to increase trade by adding Mother of the bride and extending upon the opening times. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of referrals which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.