Retail premises for sale in Churton Street, London SW1V, £99,950

99,950.00

Offer Nr.:
61281832
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Veritas Business Sales Ltd
Phone(s):
0121 721 9902

* Established Business
* Located In Central London
* Premier Bridal Boutique & Alterations
* Exclusive Brands
* Includes 2 Websites
Leasehold Bridal Boutique Located In Central London
Ref 2692
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.
Asking Price £99, 950 plus sav £50, 000
Business Description
Veritas Business sales are privileged to offer to the market this delightful
Bridal Boutique which includes a separate business of Luxury Alterations set
within the same premises. The business was created 17 years ago and is well
known as a Premier Bridal Boutique providing excellent high end customer
experience in London with more than a dozen Bridal Designer collections. The
asking price includes very well presented premises which have been refurbished
to a very high standard along with fixtures and fixtures. This will hugely
benefit a new purchaser as there will be no need to spend additional funds for
quite some time.
Both businesses have separate websites, 4 strong keyword domains names owned
by companies and social media accounts managed by a dedicated person on a
permanent basis. There is an online booking system as well as a software
system with automated procedures. The business is owner operated with the help
of 2 full time and 3 part time members of staff, who have all been in the
industry for many years and come with the wealth of experience and knowledge.
The Bridal Boutique provides a dedicated bridal service, with beautiful
bespoke gowns ranging from 1000 to 5000 pounds. The annual turnover of bridal
dresses and accessories is £330, 000 pounds plus an additional £80. 000 from the
alteration business. Further accounting information can be made available
after an official viewing.
We believe that there is further untapped potential to increase trade for a
new and keen purchaser by adding Bridesmaid & Mother of the bride dresses to
it's already extensive retail offering. The boutique already enjoys a strong
reputation within the local community and has customers coming to London to
buy their wedding gown from all over the world which is a great base to build
upon and as such early viewing is highly recommended as this gem is not to be
missed
Opening Hours
Tuesday - Sunday - by appointment only
Leasehold
Lease term: 10 years
Remaining: 5 years
Rent: £22, 500 pa plus VAT
Rates: £6, 000
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 tables, ironing board, dress hanging rails, 2 x
sewing machines and an over locker.
Stockroom for finished gowns.
2 x empty unused rooms.
External
Rear courtyard and garden.

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