Established Bridal Shop in Bristol

Bristol, Bristol
REF: R06315

Asking Price:
£85,000
Annual Turnover:
£165,187
Annual Net Profit:
£42,578
Featured
REF: R06315

Overview

Tenure:
Leasehold
Established:
1990
  • Wide range of designer products
  • Bridalwear, menswear, evening wear, prom and accessories available
  • Excellent reputation/long-standing within vicinity
  • Huge scope for growth
  • Prominent location

The business for sale is a long standing bridal wear shop situated in a prominent city centre location in Bristol.

Established in 1990, the bridal wear shop is renowned for providing beautiful wedding gowns, prom dresses, formal menswear and accessories. The retailer stocks a wide range of gowns from a huge list of recognised, sought-after designers, such as Eternity, Art Couture, Phil Collins, Romantica, Christina Wu, Ida Torez, Galaxy, Cizzy, Allen Rich, Daria Karlozi, Allure, Ronald Joyce, Farage, Venus Bridals, Grace Harrington Couture, Bianco Evento, and Pollardi. The price range varies from £300 to £3,000, therefore suiting a range of customers.

The retailer has garnered a loyal customer base; clients travel from all over Southern England/South Wales and the shop is taking orders for well into next year. Initially, clients sign a contract and pay a deposit. Its fabulous historic reputation and enviable location have generated impressive financial figures, making this an outstanding acquisition opportunity.

The business operates from a ground floor retail unit with a fully glazed frontage overlooking Bond Street, the retail centre of Bristol. The business is set out as an open sales area to the front and changing rooms, menswear and a prom section to the rear, as well as a comprehensive display of dresses throughout. There are also toilet and kitchen facilities. The premises benefits from a basement and a secure ground floor car parking space.

In addition to the two director in store, there are also 4 staff members, all of which do an excellent job. The business has also been promoting themselves at wedding fairs and via UK brides.

The current owner is also willing to stay on for a transitional period, if needed.

This is a great opportunity to purchase a long-standing, successful and very highly regarded bridal wear shop, with an unbeatable location in the heart of Bristol city centre.

Despite the deep-rooted foundations set, there are ways in which the business could be grown further. An ideal candidate is someone who is tech savvy, with fresh drive to modernise the shop – an updated business model would also allow the business to compete effectively with other bridal wear shops. There is huge potential given the long-standing reputation and location.

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  • City centre location
  • Proximity to main roads
  • Public transport access
  • Other businesses nearby
  • High footfall
Rent
£20,000
Rates
£0
Lease Term
10
Lease Expiry
9 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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