Highly Profitable Bridal And Fashion Boutique For Sale

Business description

A well-established and profitable bridal salon is available for sale! This is a fantastic opportunity for an owner with experience in the bridal industry or an eye for fashion to enter into a profitable and recession-proof business! The business has enjoyed a long-standing positive reputation in the area, leading to a high number of referrals. 2008 sales were $311,500 and the seller’s estimated discretionary income was approximately $92,000. The business is listed for $275,000, which includes approximately $175,000 in inventory.

The business sells gowns and dresses for brides, bridesmaids, mother-of-the-brides and flower girls. They also sell accessories such as shoes, jewelry, headpieces and veils.

The location is 3,270 square feet with a large parking lot outside. The spacious and airy location includes several dressing rooms, as well as storage rooms and plenty of space to display dresses. There is a favorable lease in place and the owners recently renegotiated to pay less rent. Rent is $4,000 per month plus NNN. The landlord will negotiate a new lease with the buyer.

Property information

Real Estate:

Lease

Lease terms:

Rent is $4,000 per month plus NNN. The landlord will negotiate a new lease with the buyer.

Location:

Off a busy road and in a high-traffic area with plenty of parking outside. The business benefits from cross-promotion with other neighboring businesses.

Premises details:

3,270 square feet of space with multiple dressing rooms, a storage room, tailoring area and bathroom.

Other information

Expansion potential:

INCREASE MARKETING EFFORTS
A new owner can increase the amount spent on marketing and advertising to include ads on theknot.com and in local and regional bridal magazines. They could also be involved in local bridal shows and expos to gain additional exposure for the business.

OFFER ADDITIONAL SERVICES
The business could also expand to include tuxedos, special occasion dresses and lingerie. If an owner had experience in event planning and/or the bridal industry, they could create a “one-stop shop” for brides and do event planning, invitations, etc from the location. A new owner may choose to rent space or allow for an event planner to be on site to assist brides.

Competition / Market:

Very little in the area and none with the same exclusive lines. This business generates most of its revenue from word of mouth and referrals from previous customers.

Support & training:

The owners will offer support and training for several months. The manager will most likely transfer with a new owner.

Reasons for selling:

Different career aspirations.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The owners will offer some seller financing to a qualified buyer if necessary.

Inventory / Stock value:

$175,000 (included in the asking price)