Advert Ref: BR.0.35.EL

Bridal Wear Store In Enfield For Sale

  • London, United Kingdom
Asking price:
£5,000
Sales revenue:
£105,000
Net profit:
Undisclosed
Years established:
3
Employees:
The vendor does not currently work in the store and a new working owner would need to employ

Photograph of this business for sale

The store stocks a range of bridal gowns, accessories, headwear, and lingerie. An impressive selection of gowns are stocked to cater for a variety of budgets, tastes and sizes including gowns by Alfred Angelo, Christina Rossi, Romantica and Sofia Tolli as well as bridesmaid dresses by Veromia.

Property:
Leasehold
Lease terms:
We are advised that the current renewable lease expires in 2014 and has a rental of £9,000 per annum. We are further advised that annual business rates amount to £3,240 per annum, although a purchaser may be able to claim the small business discount. The current owner is unable to claim this because she has another outlet.
Location:
The store is located in the town of Enfield London EN2. It enjoys a highly visible position amongst a popular parade of shops.

Expansion potential:
This business has massive potential for a working owner. The introduction of men’s formal wear for rental or sale would be an obvious addition. It should be noted that the owner does not work in the store and the business has lacked the necessary energy and passion that a working owner should bring to the business. There is also the option of opening Mondays and Thursday as well.
Support & training:
Full handover support.
Reasons for selling:
The vendor has a young baby and wishes to devote her time to being a mother
Trading hours:
Tue/Wed/Fri/Sat 9.30AM-5.00PM-Late night by appointment. Closed Monday and Thursday
Fixtures value:
Undisclosed
Stock value:
£30,000

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