Archived
Reputable Ladies Clothing & Bridal Shop For Sale
Elgin, Morayshire
- Asking Price: £139,995 +SAV
-
Turnover:
Further financial information can be made available upon request.
Please quote reference B06843
- Tenure: Freehold
Please quote reference B06843
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold basis) an exceptionally well run and popular ladies’ fashions and bridal boutique business
The business has been under the careful and meticulous ownership of our client since 1995, building up an excellent reputation within the industry. The business has only now come to the open market as our client wishes to leave the industry after many successful years of trading, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.
Xanadu Ladies Fashions and Bridal Boutique has built a reputation for quality, choice and excellent service in a relaxed, friendly “no pressure” atmosphere, with customers returning to them year after year from many of the larger cities such as Aberdeen, Glasgow and Edinburgh, the far North including Wick, Thurso, Caithness and the Islands including Skye, Orkney, Lewis and Shetland and with so many customers based out with the Moray area and easy travelling distance of the shop they are happy to offer a service where they accept telephone enquiries and post a selection of outfits to a customer for consideration.
Xanadu also stocks a range of accessories to complete the ensemble. Here clients can be dressed from head to toe and avoid the horror of aimlessly wandering around dozens of shops trying to match one item up to another.
The shop stocks over 300 prom dresses/ball gowns/evening dresses in a full range of sizes. They are also pleased to advertise that they can now provide stylish modern and younger dresses in sizes up to 32.
The business also operates a very popular hat and fascinator hire and sales service with over 300 hats to choose from at any given time, with staff giving you honest and friendly advice to ensure you choose the correct hat/fascinator to suit.
This outstanding turnkey business trades on its reputation for quality and service and has outstanding future possibilities.
The current business owner is more than happy to offer a hand over period if required.
All fixtures and fittings are to be included in the sale of the business.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
The business is run and managed by 1 full time and 1 part time staff member.
The business trading hours are as followed;
Monday & Tuesday - 10:00am - 16:00pm
Wednesday - Closed
Thursday to Saturday 10:00am - 16:00pm
Sunday - Closed
The business is located in a prime trading location on South Street, within the popular Moray town of Elgin. The business is complemented by being surrounded by a host of local independent retailers, leading to a good level of footfall, and passing trade. Due to the number of wedding related businesses on this street, South Street has long been known as “The Wedding Street'' by locals and customers.
Elgin is well serviced with a wide range of local amenities including primary and secondary schooling, Dr Grays Hospital, along with a good selection of hotels, pubs, restaurants, and a variety of independent and major retail stores. The town further benefits from excellent road and rail links to the cities of Inverness and Aberdeen
The business is located in a traditional retail style property, with the shop itself having a large display window directly onto the street and comprises a ground level sales floor, a small cloakroom/kitchen and WC facilities. There are two Bridal Sales rooms downstairs as well as two stock rooms. The property is well maintained and decorated throughout and is in walk-in condition.
Tenure
We are advised the business is being sold on a Freehold basis.
Leasehold option available through separate negotiation.
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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.
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.
