Advert Ref: B.01.18.285.L

Luxury Bridal Retail Business – North London For Sale

  • North London, London
Asking price:
£285,000
Sales revenue:
£830,476
Net profit:
£160,000


The company has been established as one of the leading and most popular luxury Bridal Boutiques in prime London since opening in the summer of 2009. The collections in store range from £1000 to £7500. The Collections are carefully sourced from worldwide fashion shows to ensure the most exciting fashion forward pieces are available. Approximately 120 gowns are on the shop floor at any one time. Customers have recommended their friends, families and colleagues again and again to come back to buy their dream Gown here year after year. In a world where customer service is paramount to any business, our brand reflects the experience and trust most customers are looking for when shopping for the most important garment in their life. Located in a highly populated area which attracts affluent professional residents such as young lawyers and bankers, there are many benefits from owning this well regarded and profitable luxury bridal boutique. Confidential Sale- Viewings strictly by appointment only through the offices of County Business Sales

Property:
Leasehold
Lease terms:
We are advised that the current renewable six year lease expires in March 2021. The current rent is £38,500 per annum. A rent review is due in March 2018 which is expected to increase to £42,000 being the general rent in the area.
Location:
Beautiful North London location filled with artisan cafes and bars, bringing with it a vibrant mix of energy therefore making a lovely destination to visit.
Premises details:
The premises are situated over two floors. Each floor measures in the region of 10m x 4.5m. The ground floor is the main sales area and is immaculately presented with high quality fixtures and fittings, and boasts dark wood laminate flooring with spotlights, and three fitting rooms.
Energy Performance Rating:
D

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
£85,000

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