Profitabled Bridal Wear Shop in East Yorkshire For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, East Riding of Yorkshire

Turnover £ 4,600
Price £110,000

Features

Profitable Bridal Shop

4 DAYS OPENING

10,000 Followers on Instagram, heavily featured on various Blogs.

The boutique has an excellent reputation and has been featured in numerous blogs and publications including Vogue magazine, Hello Magazine, The Lane and Love My Dress. Great social media presence and following the store attracts brides from all over the country.

This store carries iconic and exclusive fashion-led bridal designers from all over the world, all of which are very sought after and difficult to get for a new business. This is not your average traditional bridal boutique. This bridal store has a great brand story and unique selling point which has taken 7 years to build.

DOUBLE FRONTED PREMISES in the region of 1,075 ft², tiled floor, suspended ceiling with spot lights and chandelier, sales counter, laptop, card machine, hanging rails.

With modern minimalist yet inviting décor, the boutique is fully fitted and situated in a vibrant fashionable location in Hull amongst many bars, restaurants and other independent retail stores, however the business could be relocated.

Changing room plus seating area.

Toilet with w.c. and wash hand basin.

Small Kitchen area.

Large Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,600 p.w. We understand the accounts year ending 31st March 2024 show sales of £199,752 with gross profit £92,441 with a net profit of £53,135

Staff

The business is at present operated by the vendor

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 10am - 5.30pm

Outside

Rear yard plus Parking space for 1 car charged at £50 per month.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 3 years in 2022 at a current rent of £16,800 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£55,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote