Men’s Wedding/Formal/Morning Wear Hire Business Full Fitting Service.
Location Lancashire, England
Asking Price £99,000
Gross profit £70,000
About the Company
This business was set up by the current owners over 10 years ago and specialises in the hire of mens wedding wear and formal attire. The vendors have used their many many years of experience in this sector to establish a comprehensive hire business that caters for all the needs and tastes of todays morning wear market. The business prides itself on offering a complete service to help guide the groom and family though the hire process, offering advice on styles, sizes and combinations.
Simply scaling up the operation. The stock and reputation is already in place to facilitate significant growth. Increase the geographical spread. The business currently operates within a 15-20 miles radius through choice. In the past it has operated further afield and would also travel to the customer and offer home visits for personal fittings. This service could be offered again.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Current turnover circa £95,000 p.a. Gross Profits circa £70,000 p.a.
The business operates from well fitted leasehold premises that are ideally situated in a prominent position on a busy road leading into the town and have excellent signage. There is plenty of free parking in front and around the shop. The shop has good display frontage for the wedding apparel. The ground floor showroom is circa 1,000 square feet and is fitted out to a high, tasteful standard comprising of fitting rooms, customer toilets, rear office and a pressing area.
Asking Price $120,568
Profit Available On Request
Converted From GBP
Exchange Rate $1.22
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