£0 £1000000
£0 £1000000

Long Established Bridal Wear And Millinery Concern

Nottingham, Nottinghamshire

< 1-7 >

Enlarge

For Sale

£39,995 +SAV

Ref: 2631 F

Leasehold

Overview

Scope for change of use.
Looking to do a deal on stock.


Hilton Smythe welcomes to the market James. This long established bridal wear and millinery concern has been operating since 1860 with our client successfully running the business for over fifty years, only now does the business come to the market as our client looks towards a well-deserved retirement.

The business has an excellent reputation for the professional service and exceptional quality of merchandise, resulting in a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

The store is beautifully presented and offers a wide range of designer gowns such as Alan Hannah, Claire Pettibone and Ian Stuart to name a few, with complementary accessories including shoes, handbags, tiaras and veils. James is also a renowned millinery with a wide selection of bespoke hats and fascinators available for all occasions. On the second floor is a workshop where alterations are made in-house, a huge benefit to the business.

The business has a user friendly website www.james-bride.com giving more information and gallery of stock, which changes from season to season.

This is a lovely business, ready for a new owner to walk in and start trading immediately and continue this highly reputable concern.

Turnover
The business reports a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

The business is owner run and managed with the assistance of 3 part time members of staff.

 

 

Tuesday – Friday 10.00am – 4.30pm
Saturday 10.00am – 5.00pm
Sunday and Monday closed.


There is the potential to extend opening hours if required.

The business is located in the vibrant city of Nottingham.

Situated in a prime trading position within a pedestrianised area of the city, surrounded by a plethora of retail outlets and amenities ensuring high footfall throughout the day. The business also benefits from being in close proximity to a public multi-storey car park.

Nottingham is served by the East Midlands Airport and the M1 motorway passes to the west of the city. As you would expect from a city the area is well served by public transport with a mainline railway station and excellent bus network.

 

 

 

 

 

Double fronted mid parade premise briefly comprising:-

Ground

Split level main shop area with:

Well-presented double frontage window display areas, display cabinet with hat stands and drawers and hanging rail.

Steps up to additional sales area with seating, bridal gown hanging rails, display cabinets, 2 x curtained changing cubicles.

Rear storage area. Stock room with shelving and cabinets.

Stairs to first floor

First floor

Bridal consultation room with:

  • 3 x curtained changing cubicles, seating, bridal and bridesmaid gowns hanging/display rails, dresser display cabinets, shoe display racks.
  • Stock room
  • Office
  • Kitchen
  • Toilet facilities
  • Fire exit onto flat roof area
Second floor

Workshop and storage area with:

Cutting table, sewing tables with 2 x over-lockers and 1 x lockstitch machines, hat storage units, cupboard storage and hanging rails and iron.

Third floor

Attic room with stairs access. (used as stock room).

Cellar area for further storage.

Tenure
We are advised leasehold.
Original lease length is 6 years
Reviewed every 3 years
Rent is £16,500 per annum.


Similar Businesses For Sale

10

Investment Property/Printers – Asset Sale

Bristol, Bristol

£24,995 +SAV

Discover Business

2

Commercial Investment Property for sale

Bolton, Lancashire

£150,000

Discover Business

15

Well established Bridal Wear & Suit Hire business for sale

Ebbw Vale, Blaenau Gwent

£34,950 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Matthew Monks

    Sales Negotiator

    Need help with finance to purchase this business?

    Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £39,995 +SAV

    6%
    £15,998
    £23,997
    5 years
    £0

    60 monthly payments of

    £0

    Apply Now

    Representative Example

    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.

    Popular business searches in the UK