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Successful Bridal Shop For Sale In Farnborough, Aldershot, Farnham & Surrounding

Farnborough, Aldershot, Farnham & Surrounding, Surrey

Asking Price £50,000
Turnover £210,000

Business overview

Well established Bridal wear shop in large Surrey town, just off high street and close to shopping mall.
Sale to include website, facebook & Instagram accounts, stock & order book

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

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Business description

Well established retail bridal store; trading for 10+ years annual turnover of £200k+. Selling due to long term illness and relocation of the current owner.
Asking Price: £50,000 plus £70,000 for stock, fixtures and fittings. Included: Large modern leasehold shop close to popular shopping centre with fixtures and fittings, order book and sample stock of approx. 100 wedding dresses and 80+ bridesmaids and evening dress. Also included are a well-respected e-commerce website receiving 4000/5000 unique visitors per month, fully integrated back office system, Facebook account with over 15,000 followers, instagram account with 500 followers, appointments booked and current order book. Staffing: 2 Full-time members of staff and 1 part-time Saturday only member of staff. Owner currently handling admin and accounts along with shop manager

Property:
Leasehold renewable lease expiring October 2017, landlord keen to extend or could move to new premises
Leasehold Rent:
£22,200 per annum
Location:
Just off high street, 2 minutes from shopping mall, 5 minutes from train station, 2 minutes from multi-storey car park
Premises Details:
Modern unit with laminate floor, recessed spotlights, kitchen/staff room and disabled toilet
Business Operation
Expansion Potential:
Currently stocking full range from 2 designers, opportunity to increase offering by approaching new designers. Prom dress sales could increase turnover by £30 to £50k per year
Competition / Market:
Other bridal shops
Reasons for selling:
Long term illness and family relocation
Trading hours:
by appointment, 10am to 5pm 5 days per week
Furniture / Fixtures value: £5,000 - included in the asking price
Inventory / Stock value: £89,000 - included in the asking price

Business location

Large Surrey Town with shopping mall, out of town retail, entertainment and dining venue well connected by road and rail and only 45 minutes from central London

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