Property Information
Address:
Nottingham, Nottinghamshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH523054
Property Ref/Agent: 2631-busy-bridal-wear-and-millinery-concern-in-nottingham
*Please use the agent ref when calling the agent directly.
Property description
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 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.TENUREWe are advised leasehold.
Original lease length is 6 years
Reviewed every 3 years
Rent is 16,500 per annum.HOURSThe business opens:-
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.STAFFThe business is owner run and managed with the assistance of 3 part time members of staff.FINANCIAL PROFILEThe business reports a healthy turnover of circa 109,031 per annum with a gross profit of around 50%.
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