Shop for sale

Central London

£199,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Well established business
  • Ideal bolt on
  • Ideal first business
  • Lifestyle business
  • Stockists of exclusive brands
  • Profitable concern
  • Niche business
  • Prime location

Full description

Tenure: Leasehold

Bridal Boutique in London For Sale
Ref 2037

Location

This outstanding Bridal Boutique stands within a prime location in Central London which is only a 5 minute walk from both Victoria (rail and tube) and Pimlico stations. The business operates from a mid terraced double fronted period property set within a village atmosphere that benefits from free parking at weekends.

Financial information

Asking price: 199,950 plus SAV
Turnover: on application
GP: (42%)
Stock value: 50,000

Leasehold

Lease term: 10 years
Remaining: 9 years 4 months
Rent: 22,500 pa plus VAT
Rates: 9,000


Business Description

Veritas Business sales are privileged to offer to the market this well respected Bridal Boutique concern which is located in Central London. The business has been in the careful hands of the current owners for the last 10 years when they set it up from an empty premises. Reluctantly they are now offering the business for sale so that they can enjoy a well deserved retirement. During my clients ownership they have continued to keep the fixture & fittings to a high standard, which are all bought and paid for and included within the sale price and is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated by its 2 directors and also employs the help of 4 part time staff which have all been in the industry for many years and come with a wealth of experience and knowledge. They offer an exclusive, individual experience with one of the bridal consultants which can be pre-booked at the cost of 20 which is fully redeemable against the purchase of any gown. The annual can be provided on application, GP (42%) and returns healthy net profits. Most of the revenue comes from the sale of bridal gowns but they also sell some veils & accessories and have their own independent in-house seamstress for alterations who is willing to stay on for the new purchaser. London Bride Couture stock a number of exclusive brands to include YolanCris, Paloma Blanca, Watters, Gemy Maalouf, Mikaella Bridal, Signature, Martina Liana, English Rose, and House of Mooshki. We believe that there is further untapped potential to increase trade for any new and keen purchaser to add Bridesmaid & Mother of the bride dresses to it's already extensive retail. The boutique already enjoys a strong reputation within the local community and have customers coming to London to buy their wedding dress from all over the world which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Opening Hours

Monday - Saturday - 10.00am - 5.00pm
Sunday - Closed

Ground Floor

Retail area comprising: sales counter with PDQ machine and cash register, window display, various gown displays and 2 x fitting rooms with natural sunlight.
Storeroom


Basement

Fitting room
W/C and wash basin
W/C and wash basin
Seamstress room with work table, ironing board, dress hanging rails, 2 x sewing machines and an over locker.
Stock room for finished gowns
2 x empty unused rooms

External

Rear court yard and garden






Nearest stations

  • Pimlico (0.3 mi)
  • Victoria (0.4 mi)
  • St. James's Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pimlico (0.3 mi)
  • Victoria (0.4 mi)
  • St. James's Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1037. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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