For Sale
Award Winning Bridal & Leading Prom Boutique
Worcester, Worcestershire
- Asking Price: £34,995 +SAV
-
Turnover:
We are advised that Cathedral Belles of Worcester generates an annual turnover of above £100,000 per annum including VAT.
- Tenure: Leasehold
Please quote reference B05775
Hilton Smythe is pleased to offer for sale Cathedral Belles of Worcester which is a well established Prom and Bridal wear business that has an excellent city centre location. This is a superb opportunity to take on a high turnover local business with access to excellent customer potential levels.
Cathedral Belles of Worcester has been established for over 30 years and enjoys an excellent reputation. The current owner has successfully developed and managed the business for the past 8 years, increasing sales year on year and potential to further develop.
Key features of this business opportunity are:
- Individual Prom, Bridal and Bridesmaid studios, split over three floors
- Premium Prom boutique in Worcester, offering new annual collections which attracts Prom customers from across the region
- Bridal and Bridesmaid boutique with dress collections that cater for a wide variety of styles and sizes to order
- Beautifully presented boutique on a Leasehold basis, located in the centre of Worcester adjacent to the Cathedral and close to car parks
- Well established and trusted relationships with the designer gown suppliers and local service companies
- The sale will include the company email, website and social media channels as well as all fixtures & fittings
- The business aims to provide every customer and their guests with a memorable and pleasurable experience through the intimate environment of the specialist studios, stocked with extensive ranges of dresses
- Sales turnover exceeding £100k pa, including VAT
- Competitive rent and zero business rates
- All fixtures, fittings, furniture and equipment included making this a real turn-key opportunity
- Trading hours are typically Tuesday to Saturday from 10.00am to 5.00pm, with additional hours during peak periods
Further information can be made available upon request.
The current trading hours are:
Monday - Closed
Tuesday to Saturday - 10:00am to 5:00pm
Sunday - Closed
The business operates from an excellent city centre location, enjoying high visibility to passing trade.
Cathedral Belles of Worcester occupies three floors of an attractive, Grade 2 listed, period property and briefly comprises:
Ground Floor
Bridal Studio – is generously sized with ample display areas and large windows to the front leading to a bright & airy environment. Separate changing room to the rear with storage cupboard.
First Floor
Prom Studio - two generous rooms with separate access and changing areas to enable multi appointments or larger groups.
Staff Kitchenette and Customer Washroom.
Storage Cupboard – hosting display & point-of-sale equipment.
Second Floor
Bridesmaid Studio – large double window room with changing area
Business Office – incorporating dress storage & preparation area
Tenure
We are advised that Cathedral Belles of Worcester is being sold as a leasehold business opportunity.
The existing lease has around 3.5 years remaining and the current rent is competitive and reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
