Great visibility with high traffic count make this a fantastic retail and real estate investment. This modern bridal salon is located in the Charlotte Metro area of NC. It embodies a beautiful ambiance with over 4,600 square feet of space to shop housing hundreds of gowns and accessories; leaving the client with an unforgettable shopping experience. They carry well known designers and keep styles fresh and up-to-date with all the new trends. They have welcoming, caring, knowledgeable and tenured stylists that will lead the client to a perfect wedding day look! The buyers ensure that a variety of different designers with a range of various price points ranging from $550-$3,800 are available throughout the year. This business is a full-service bridal salon where the client will be taken care of from the moment they walk in until the day they walk down the aisle. Providing years of love and creating forever memories is the cornerstone of the business philosophy. Men's Tuxedos/Suits and Prom apparel is also available to round out the perfect event.
Financials are based on 2019. Though profitable, 2020 was a very challenging year for wedding related retail businesses. 2021 is showing full recovery and expected to exceed 2019 numbers.
- Asking Price:
- $550,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,046,087
- Cash Flow:
- $157,919
Property Information
- Location:
-
Beautiful free standing 4600 sf building with all up graded interiors. Ample parking with very high traffic count.
- Premises Details:
-
The owner founded the business 12+ years ago after identifying a void in the marketplace for providing quality bridal wear at an affordable price. Over the years the the business has stayed true to its founding mission, while adding up market fashions by some of the industry's leading designers. This has helped in growing revenue with higher margins. The beautiful new boutique creates an incredible atmosphere for all things weddings, proms, and numerous special occasions.
Business Operation
- Expansion Potential:
-
Current focus on 4 areas; Bridal, Menswear, Prom, & Bridesmaids are established and could be focused on with greater depth in each area providing greater revenue, but also greater margins.
- Competition / Market:
-
Several local competitors exist within this space, but lack the variety and elegance found at this location. The great visibility and location make this the most sought after bridal store in the area.
- Reasons for selling:
-
other interests
- Trading hours:
-
Mon - Sat 10-6, Sun 12-6
- Employees:
- 14
- Years established:
- 2003
Other Information
- Support & training:
-
3 weeks
- Furniture / Fixtures value:
- $20,000 - included in the asking price
- Inventory / Stock value:
- $300,000 - included in the asking price
