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Property Listing Details

Retail premises for sale

Hagley Road, Stourbridge DY8

  • Business for sale

£24,999

Property details

Listing view statistics

Last 30 days: 45 page views

Since listed: 490 page views

Description

Business
Hilton Smythe welcomes to the market Frox Dress Hire & Sales Ltd.

The business was established by the current owners in 2011 and is reluctantly being sold only due to their wish to enjoy a well-earned retirement.

The business successfully hires and sells evening dresses for all tastes and ages for proms, balls, cruises. Since inception the owners have strived to meet each customers’ needs, giving one to one personal styling advice and by encouraging their clients to experiment, thus building a good customer relationship which in turn encourages their ladies to return for this personal approach. They also have exclusivity for Joseph Ribkoff, a very successful and popular Canadian brand, which has a huge following thereby creating destination shopping. All this in a very relaxed and informal environment.

The business sells designer dresses by Tony Bowls and Joseph Ribkoff and regularly introduces casual daywear and accessories by suppliers such as Luella, Park Lane Jewellery, Italian Moda Handbags, along with others and currently has over 300 gowns in stock for hire and sale.

The company has a good website and social media exposure including a Facebook page with 200 likes.

Scope for Improvement
Extend the opening hours
Advertising and marketing campaign
Maximise the use of social media
Update website perhaps including an e commerce facility
Review the current product range
Consider men’s hire

Location
Stourbridge is a large town in the metropolitan borough of Dudley in the West Midlands. Historically part of Worcestershire, Stourbridge was a centre of glass making and today includes the suburbs of Amblecote, Lye, Norton, Oldswinford, Pedmore, Wollaston, Wollescote and Wordesley. The population was 63,298 at the 2011 census.

This great little business is perfectly situated in a main road position by a busy crossroads and as such benefits from good footfall and passing trade. The business is beautifully presented and maintained with distinctive signage.

Stourbridge has a railway station on the Birmingham to Kidderminster line with a frequent and efficient train service and the town is also served by the shortest (half mile) railway branch line in Europe, the Stourbridge Town Branch line with a shuttle service from Stourbridge Junction to Stourbridge Town Railway station in the town centre.

There is also a complex network of bus routes, both interurban and local.

Premises
GroundFloor
Shop
Immaculately presented and maintained, the shop has a ‘high end’ feel. Window and half glazed door to front creating a light airy and inviting interior, lovely plush carpeting, raised window display area, LED feature spotlighting, perimeter hanging rails displaying the gowns to the best effect, period style free standing, lacquered desk with card machine and wrapping area, under stairs storage with built in shelf for till, comfy sofa customer seating, two generous changing booths, freestanding glass display cabinet. Mirrored alcove with bespoke shelving.

Kitchenette area
With stainless steel sink and drainer and useful cupboard beneath, space for fridge. Door to rear with two allocated parking spaces behind the shop.

First floor
A lovely and generously sized room, windows to front and perimeter hanging rails with shelving above, again presented in lovely order inviting the customer to stay and browse the beautiful gowns displayed.

Tenure
We are advised Leasehold, a rolling lease is currently in place but we are advised that the landlord would be happy to negotiate an acceptable lease for a new owner.

The rent is £6000 per annum and no business rates are currently payable.

Hours
The business opens:-
Tuesday, Wednesday, Friday and Saturday 10.00am -3.00pm
Thursday 10.00am -1.00pm
Sundays closed.

Staff
The business is owner managed by the two owners.

Financial Profile
The turnover of the business in 2016 was just under £50,000 approx with a gross profit of roughly £26,000 and an adjusted net profit of approximately £14,500

Map & Nearby

Local Amenities

  • Stourbridge Junction 0.3 miles
  • Stourbridge Town 0.4 miles
  • Oldswinford C of E Primary School 0.2 miles
  • Old Swinford Hospital 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Stourbridge Junction 0.3 miles
  • Stourbridge Town 0.4 miles
  • Oldswinford C of E Primary School 0.2 miles
  • Old Swinford Hospital 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.