£0 £1000000
£0 £1000000

Bridal Wear Business in Prime Trading Location

Tamworth, Staffordshire

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Sold

£29,999 +SAV

Ref: 13896 G

Leasehold

Overview

Novia Bridalwear was established 15 years ago by the current owner and is now only being sold due to his desire to take and enjoy a well-earned retirement and to concentrate on his other business interests. The business is well established with an enviable reputation for service, quality and pricing, it has a Facebook page with 1782 likes and a quality, easy to use website. Novia Bridalwear stocks gowns from D’zage, Sincerity, Bonny Bonny, Bonny Unforgettable, Sweetheart, Veronica Bridesmaids, Veronica Bridal, Allure Bridal, Twilight Designs as well as prom gowns and accessories. As part of the sale the current owner is happy to give as much advice as possible to ensure the continued success of the business. This makes it an ideal opportunity for an inexperienced business owner to take their first foray into self-employment but with the support of an experienced mentor. Above the property is a three bedroom flat, this would be perfect for a purchaser looking to relocate. However, if this accommodation isn’t required the purchaser could rent this space for an extra monthly income. Stock is not included (approximately £40,000 at value), the vendor is happy to negotiate a mutually acceptable price. Hilton Smythe highly advise early viewing, to avoid disappointment.

Turnover
The business reported a turnover of approximately £79,000 in the year 2016/2017. No business rates are currently payable.

The current business is run with the help of a full time Manager and two part time staff members.

Current opening hours: - Monday: 12pm – 6pmWed/Thurs/Fri: 10:30am – 4:30pmSaturday: 10 – 4pmSunday: Closed

The business is currently situated in Tamworth, Staffordshire within West Midlands. The property fronts the busy Glascote Road in an established retail position. This is a prime location that receives daily heavy footfall and passing trade. The area is filled with a variety of retail outlets, this includes hair salons, takeaways, restaurants, convenience stores, pubs as well as ample residential properties. To the side of the property is access to the rear where there is one parking space for staff. This area is well served by the public transport system, with bus stops a short walk away; direct links to Tamworth town centre. The town is a 5-minute drive away and boasts a large train station. The area also benefits from excellent road connections with the A5 arterial road just a short drive away.

The business is set in a prime location amongst other retailers. The property is clearly signed, visible to passing trade. Across the front is a large window used for eye catching displays. The retail space is of a good regular shape with ancillary store to the rear and a self-contained three bedroom flat located on the first floor. The retail space is modern, bright and well-laid out, with hanging rails around the perimeter. Ground Floor Measurements (meters):Frontage- 5.64mInternal width- 5.16mDepth- 12.04mSales area- 63.98m2Rear store area- 17.71m2 All shop fittings are included in the sale price, such as: Hanging railsFreestanding display unitsGlass cabinetsCustomer seatingDeskTillCard machine The self-contained flat includes a lounge, three double bedrooms, kitchen, bathroom and store room. The flat is in good decorative order supplied by gas fired central heating. To the rear of the property is access to the shop, here there is 1 car parking space.

Tenure
The business is being sold as a leasehold business opportunity. A new lease will be negotiable with the purchaser. Rent will be circa £15,000 per annum.

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