Hilton Smythe welcomes to the market Susan Nicholas Bridal, which incorporates the brand Savvy Cinderella. The business was established by our client in 2008 and our client now needs to sell due to health reasons.
Susan Nicholas Bridal is a true turnkey business having been built up over several years. The business occupies a fully refurbished unit, which specialises in selling designer wedding dresses from £700 - £3000. The business is a premier stockist for Pronovias of Barcelona along with Sottero & Midgley, Romantica of Devon, Phil Collins, Olivia Grace and Veromia. To complement the wedding dress sales the business also sells mother of the bride outfits, bridesmaids dresses and also carries out hire for grooms with traditional and contemporary suits available.
Susan Nicholas Bridal is a member of BrideCo and can offer dresses from other BrideCo member stores.
There is also 0% finance available on all wedding dresses.
The business is being sold with two websites and along with a Facebook page.
Hilton Smythe highly advise early viewing to avoid disappointment.
Susan Nicholas Bridal is located just outside of March, Cambridgeshire, on a trading estate close to a large Tesco superstore.
To the front of the premises are three parking spaces, plus further parking spaces opposite the premises itself.
Located just off the main A141 and close to A47 Peterborough to Kings Lynn road bringing custom from those areas and beyond.
Susan Nicholas Bridal operates over two floors of a large unit which is entered via the forecourt in the main reception area.
Reception – here you will find the reception counter and computer system, behind which is an air conditioning unit. Off the reception is direct access to the toilets, kitchen area and to the ground floor bridal showroom.
The main showroom, which is separated into different sections, has hanging space for 50 plus wedding dresses, mother of the bride section, groom hire section, hat and head dress section. Within the main groom hire area are two changing areas and directly off this area is the seamstress area with sewing machine station and ironing area. Off the main showroom is the Brides area with soft seating for the bridal party, air conditioning and a changing area.
The first floor area, which is accessed by stairs directly off the main showroom, has racking and display area for a further 60 or more wedding dresses. Incorporated in this area is a space for wedding veils.
The premise is maintained in excellent condition throughout.
The premise is heated by gas to complement the air conditioning units/heaters in the reception and Bridal area.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 5 years from 2015.
Rent: £18,000 including VAT per annum.
The landlord is flexible with regards to renewal of the lease.
The business opening hours, which are by appointment are:
Tuesday - Saturday: 10am - 4.30pm
The hours could be increased to incorporate Mondays and there are no restrictions on the lease to open longer hours.
The business is run and managed by our client, with the help of 2 part time and 1 full time member of staff.
Susan Nicholas Bridal generated an advised turnover of circa £144,577 as of the 2017 accounts, with a gross profit of 37%.
A high amount of stock is available to purchase. The buyer can purchase a large percentage if not all stock is required.