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Sunbelt of Durham

Profitable Bridal & Formal Wear Retailer, With $320k Inventory Included In Raleigh For Sale

Raleigh, North Carolina, US
Asking Price:
$730,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,115,418
Cash Flow:
$200,000

Offering the most up to date stock in bridal wear this business has earned an incredible name recognition in the industry, the community and beyond. This business has not only provided thousands of brides, bridesmaids, and mothers of the brides’ excellent choices and quality gowns and attire throughout the years, but also offers formalwear to grooms and groomsmen and for special occasions and proms. A tremendous inventory of designs from popular designers are available in stock to meet a wide variety of tastes and styles.

The business offers these wedding gowns, bridesmaid and in 2019 they also diversified and brought in a line of Prom Gowns for purchase as well as designer tuxedos and suits for rent or purchase. The business also provides performance apparel to high schools (bands, choirs, etc.) as well as uniform sales to local country clubs & catering companies. There two strong managers in place for the Bridal as well as the prom business. Owner currently is working 15 hours a week.

Sale Price includes $320,000 of Inventory.

This is a fantastic opportunity to own a long standing profitable and stable business with an exceptional brand to build from and grow with new energy. For more information contact Shanon Madrid at ------------ ext 101 or [email protected]
Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $6,800.00
Owner worked hours per week: 15
Is Going Concern: Yes
Market Competition: Strong,

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 2, Part Time: 1
Years established:
28

Other Information

Support & training:

Seller will negotiate a transition period

Financing available:

Downpayment Required: $100,000.00
Financing is available

Furniture / Fixtures value:
$5,000 - included in the asking price
Inventory / Stock value:
$320,000 - included in the asking price