Upscale Bellevue Bridal Boutique & Formal Wear For Sale

Business description

This upscale and well known bridal and formal wear boutique is located in the heart of downtown Bellevue. The current owner has over $500K invested - more than $200K in advertising and promotion. Due to family circumstances the owner is forced to sell before reaping the benefits of their investment. The business opened in 2007 and has enjoyed a loyal and steady client base. It is well known for its dedication to service, quality, and reasonable prices. The variety and quality of the formal wear and bridal gowns along with the unique accessories make this business stand out over its competitors. There are currently two websites - www.labellereve (for the business) and www.endlessbridalboutique.com (for online discount sales). The inventory has a WHOLESALE value of $280K but the Seller is willing to sell it for $140K. This business has an endless potential - the new buyer can expand the online sales division, rent the formal wear, wedding gowns, and accessories (current owner only sells them), and even start a consignment division for wedding gowns and formal wear. This is a turnkey business.

Property information

Real Estate:

Lease

Lease terms:

The base rent is $4,554 plus NNN charges of $1050 per month. The lease runs until 1/31/2010 with 2 Five year options.

Leasehold rent:

$67,248 per annum

Location:

This business has an outstanding location in the heart of downtown Bellevue

Premises details:

Over $300K went into the build out. There is the main floor show room, 3 fitting rooms, an office and a storage room. The base rent is $4,554 plus NNN charges of $1050 per month. The lease runs until 1/31/2010 with 2 Five year options.

Other information

Expansion potential:

The business has had over $200,000 of advertising done for it by the current owner since it opened in 2007. The new owner will reap the benefits of the extensive promotion and public relations done by the current owner. This business has an endless potential - the new buyer can expand the online sales division, rent the formal wear, wedding gowns, and accessories (current owner only sells them), and even start a consignment division for wedding gowns and formal wear. This is a turnkey business.

Competition / Market:

There are 2 other bridal boutiques in Bellevue. However, this one has established an outstanding reputation for quality, service, and affordable prices. The variety and quality of the formal wear and bridal gowns along with the unique accessories make this business stand out over its competitors.

Support & training:

The Seller will give 2 weeks of on site training in the day to day operation of the business and introduction to suppliers and vendors. The Seller will accompany the new Buyer to one local Bridal show.

Reasons for selling:

Family reasons require the Seller to sell ASAP

Trading hours:

11 AM-7 PM (M-Sat) 12 - 5 PM (Sun)

Owner financing:

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

Financing available:

Cash or Bank Financing - Possible Seller terms for the right Buyer

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$140,000