Location
Sheffield, South Yorkshire
Asking price
£68,500 (furniture and fixtures inc.)
Sales revenue
£190,833
Cash flow
Available on request
Property
Leasehold
Who’s it good for?
Someone looking to enter a vibrant and creative industry and hit the ground running with a reputable brand.
The industry
The bridal shop industry is just a small part of the UK’s ever-growing, multibillion-pound wedding industry.
Specialising in selling wedding dresses, accessories and clothing for the bridal party, shops like this benefit from the bride’s desire to look her best on her wedding day.
Until relatively recently, there had been a long-term decline in the UK marriage rate, but as attitudes have changed, so has expenditure on weddings and bridalwear making it a lucrative business option.
There are approximately 4,021 bridal shop businesses in the UK, employing over 6,938 people. The sector produces a combined revenue of £308 million and is currently experiencing an annual growth rate of 1.6 per cent.
The business
Due to a change of personal circumstances, a rare opportunity to buy one of the most prestigious, luxury retailers in the North of England.
Established for over five years, this stunning bridal boutique is available for purchase as a business, a going concern or an asset sale.
The business trades from a beautiful grade II listed building on a characterful cobbled street. Conveniently located in a prime central location within minutes of Sheffield’s main shopping vicinity and only a ten-minute walk from the station and the M1.
Stocking and maintaining relationships with leading British designers, the business has a great reputation and a strong social media presence that attracts brides from all over the UK.
The premises has been fully renovated by the owner, who spent over £15,000 on fixtures and fittings including: Farrow and Ball paint, bespoke stainless steel railings, art deco mirrors and high-quality furniture from Made.com.
The property consists of two large luxury fitting rooms, bathroom, a large open plan retail space, a fully damp-proofed cellar for storage, kitchen area and work room with two industrial sewing machines.
The business currently employs three members of staff and a freelance seamstress. The current owner is happy to help train the buyer before, during and after the sale and the current manager is also happy to stay on and support the new owner.
The current owner is also willing to sell some of the stock (at an additional cost) and the order book with balances due over £25,000 to June 2018.
Are you interested in getting into the bridal-wear business? Why not buy this established shop with revenues and a good reputation already in place?
Further reading on buying a business
