 | Successful Wedding Formal Dress Outfitters South Yorkshire, United Kingdom Advert ref: 1381GT FINANCIAL DETAILS | Asking price: £225,000 Sales revenue: £400,000 Net profit: £54,000 Fixtures value: Undisclosed Stock value: £70,000 |
BUSINESS DESCRIPTION | A very long established and successful Wedding and Formal Dress outfitters operating from extensive, beautifully presented, high profile retail premises occupying a truly outstanding main road trading position at the heart of an exclusive and affluent area.
This is an extremely well known business with the benefit of an excellent reputation, having been operated by our client and his family for over 25 years. Surely one of the foremost and highly renowned of its type in the region, the business specialises in the hire and sales of an extensive and varied range of high quality ladies, gentlemen’s and children’s clothing including wedding gowns and bridalwear, evening dress and formalwear, dinner suits etc., along with a full range of accessories to suit.
The retail premises are laid out over three floors having been beautifully, expensively and professionally modernised and upgraded over the years, and briefly comprise: Extensive ground floor retail premises with window display areas and a range of quality fixtures and fittings, clothing displays, hanging rails, shelving and racking. Large clothing alteration and preparation workshop. Spacious first floor clothing fitting and sales area. Three second floor storage rooms, further clothing alteration room and administration office.
Current Financial Information
Annual Turnover: Circa £400,000.00.
Annual Net Profit: Circa £54,000.00.
Stock Value: Circa £70,000.00
Balances (Committed Forward Orders): Circa £55,000.00
Please Note: All clothing stock is included within the sale price. Stock is subject to a programme of continual upgrading and replacement by our client, and is of the highest quality available. At any given time there is an available selection of over 100 wedding gowns, alongside a breathtaking selection of formal and evening wear. All outstanding balances are also to be included within the sale price, providing the new owners with an income stream from day one.
It is extremely rare for such an outstanding opportunity to be offered for sale in the open marketplace. Indeed, our client is offering a ‘Ready To Go’, turnkey business at a thoroughly realistic price, considering the breathtaking potential on offer. Our client works only part time within the business which, though currently efficiently and capably operated by a loyal and experienced staff team, would clearly benefit from the hands-on guidance of the enthusiastic new owner/operator.
This is an exciting and extremely successful, very long established and prestigious business occupying a truly exceptional trading position, now regretfully offered for sale by our client in order to allow him to fully concentrate on other commitments. This represents an incredible opportunity to acquire a thriving business at what we consider to be an extremely realistic consideration, especially when considering that all stock and balances are included within the asking price.
Please Note: Due to the sensitive nature of the sale of this business and the confidentiality required by our client, Interested parties will be required to complete, sign and return the enclosed Confidentiality Agreement prior further information being issued. We thank you for your co-operation in this matter.
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GENERAL INFORMATION The Business Partnership - South Yorks, North Notts, North Derbys | | | |
