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Well Established Bridal And Formalwear Boutique In Galena For Sale

Galena, Illinois, US
Asking Price:
$349,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K
Cash Flow:
$50K - $100K

Well established bridal and formalwear retail store for sale. This boutique has been operating since 2010 under its original owners, Located in the beautiful tourist town of Galena, Illinois; this store draws local and destination wedding clients. The store currently sells bridal gowns, bridesmaid dresses, mothers gowns, prom/evening wear, flower girl dresses, and all bridal accessories. In addition, it rents and sells men's formalwear including tuxedos and suits. The store has a good working relationship with one of the most reputable and best selling bridal designers in the industry for middle market bridal. The store is up to date and current with all designers that are sold in the store so the new owners would be able to take over selling the same designers with no interruption.

The current owners of this store have worked extremely hard to build a reputable and sought out bridal boutique for customers within an approximate 60-90 mile range. The owners thrived on providing the best possible customer service and has benefitted greatly from word of mouth advertising because of their excellent customer service. The boutique has been known for its friendly and comfortable atmosphere and incredibly helpful staff.

All current inventory and store fixtures on the sales floor will be included in the sales price. The boutique currently leases its approximately 3700 square foot store front. The store's location is easily accessible from the main highway running through town and has a large parking area for customer parking with additional employee parking behind the building. The lease term ends June 2023 and should be easily renewable for the new owners.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease is a 5 year lease term and it expires June 2023. The lease should be easily renewable.

Leasehold Rent:

$45,000 per annum

Business Operation

Reasons for selling:

Family reasons

Employees:
Currently 2 full time owners and 1-2 part time staff
Years established:
12

Other Information

Support & training:

The current owner will provide training and support due to the fact that this is a very specialized industry. The amount of time for continued support will be negotiated at the time of sale.

Furniture / Fixtures value:
$5,000 - included in the asking price
Inventory / Stock value:
$200,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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