Beautifully Presented Bridal Shop
- Asking Price: £45,000 +SAV
- Turnover: According to the 2017 accounts the business reports turnover at £117,525 with a gross profit circa 56%.
- Tenure: Leasehold
Hilton Smythe are privileged to offer to the market Cloud Nine bridal wear. Established in the village over 20 years ago and purchased by our client in 2014 who is now selling due to her wish to now retire. The highly regarded business offers a stunning range of wedding dresses from leading designers which include Nicola Anne, White Rose, English Rose, Pronovias, Donna Lee Brides, Sophia, Camilla, So Sassi and Alie Street as well as large range of Tiffany Ross maternity wedding dresses. Our client is an exclusive stockist of this brand and thus brides looking for a bespoke and beautiful fitting maternity dress are attracted to the business. The business also sells a beautiful choice of bridesmaid dresses from Maids to Measure, Emma Bridals, Angel Bride, Hilary Morgan and Premier Designs. Complementary styles in chiffon, satin and taffeta come in different lengths and colours. There is also a pretty selection of flower girl’s dresses. Cloud Nine also stock a range of accessories from veils, tiaras, fascinators, bolero jackets and a range of bridal shoes to choose from. Our client offers a exclusively personal service with private appointments with fully experienced staff who will assist selecting the perfect dress. Currently 12 personal appointments are available on Saturdays, with this being the busiest day for the bridal store, and usually booked weeks in advance due to popularity. Behind the bridal shop is an alterations business (not included in the sale), but who work very closely with our clients to provide a bespoke fitting service for customers. Our client asks for half the bridal dress price as a deposit and informs us there are already 20 orders in place for next year which will significantly increase in January when the new year uplift occurs. Our client attends 3 key wedding shows in Harrogate and London and Madrid. Our client uses her own website, Facebook, Instagram and Twitter Agreed handover offered.
The business is run and managed by our client with the assistance of 2 part time and 2 ad hoc members of staff.
The business currently opens:- Monday to Friday 10.00am-4.30 pm closed Wednesday, Saturday 9.00am-5.00pmSunday closed. Potential to extend current hours to increase the number of brides currently seen.
Cloud Nine enjoys a central trading position on the Broadway in the beautiful village of Cheam, in the heart of Surrey. The business sits alongside lots of independent retailers, high street banks, Waitrose grocery store and coffee shops. There are several pay and display car parks in front and behind the shop unit, however the business offers a free secure car park for customers to the rear for approximately 8 vehicles Cheam is a large suburban village in the London borough of Sutton, the southern boundary of greater London where it meets Surrey. There are 2 mainline train stations, Cheam and West Sutton within 5 mins walk of the business. The A127 Links to both the M25 motorway to the south and the A3 into central London. Cheam is an affluent part of Surrey extremely popular with families and professionals working within London and house prices are much higher than other boroughs within greater London. Our client attracts brides from in and around greater London due to its exclusive brands and reputation. The alterations business which works with our client is located directly behind the business allowing quicker and bespoke alterations to be made.
Unique detached Grade I listed building with attractive garden areas and rear customer car park. Ground floor - main retail display area with hanging rails to both sides, central service desk, changing room, storage shelving, bridal show display glass shelving. Kitchen area and toilet facilities. Mezzanine level - 2 further changing rooms, mirrors, further hanging rails and storage.
We are advised LeaseholdOriginal 10 year lease.As of 2017, 6.5 years remain which is renewableRent is £11,500 per annum.