Established Special Occasion-Wear Business for Sale

Carlisle, Cumbria
REF: INT2628

Asking Price:
£150,000
Annual Turnover:
£220,000
Annual Net Profit:
£55,000
REF: INT2628
Photo of Established Special Occasion-Wear Business for Sale
Photo of Established Special Occasion-Wear Business for Sale
Photo of Established Special Occasion-Wear Business for Sale
Photo of Established Special Occasion-Wear Business for Sale

Overview

Tenure:
Leasehold
Established:
1920
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business
  • Strong Supplier Relationships

This is a great opportunity to purchase a special occasion-wear business specialising in mother of the bride/groom and guest-wear which has been a part of Carlisle for over 70 years and has gained a stellar reputation throughout Cumbria and the Scottish Borders.

Successfully run by the current owner since the early 2000s, this is the only such shop within the area and has exclusivity throughout Cumbria on all stocked brands. The business is very well stocked, ensuring the perfect buying experience for those planning a wedding.

The store is split between mother-of-the-bride/groom clothing and non-wedding related outfits, varying with times of the year when weddings are most popular.

This would be a fantastic acquisition for an individual within the wedding/retail industry looking for a profitable business with all stock included included.

Retirement sale.

Stock of £150,000 would be included in the sale.

The bridal shop is located on the prestigious Warwick Road in Carlisle, renowned for its high-end independent retailers. Situated within a row of Grade II listed buildings constructed in the 1830s, this business occupies a prime corner spot on the street with ample street parking available nearby.

Spread over two floors, the premises is beautifully appointed and decorated throughout, with the ground floor featuring two fitting rooms, well-stocked rails, and displays of outfits. The first floor boasts an additional fitting room, customer toilets, kitchen facilities, and a rear exit leading to a shared area with an adjoining shop.

In addition to the main retail space, the business also features a loft space for storage of surplus stock, ensuring that the premises remain clutter-free and organized at all times. Security is also a top priority, with the inclusion of a Redcare alarm/monitoring system for added peace of mind.

This bridal shop offers exciting growth potentials, making it a lucrative investment for any buyer. With online sales currently accounting for less than 1% of the business's turnover, there's significant scope for expansion in the digital space.

Additionally, the shop is currently open for 33 hours a week, leaving room for expansion of opening hours to increase foot traffic and revenue. Although the shop is at its limit for displays and stock, there's always potential to expand the exclusive range of designers offered.

Ideally, with enough staff to run both upstairs and downstairs for fittings, the business could make full use of its available time and space, increasing its productivity and profitability.

Features

Key Information

  • Products Sold: Accessories, Clothing - Ladies'

Reputation

  • Google: 4.3

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Website: www.genevieves.co.uk

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£7,500
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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