Profitable Bridal shop- Financing available

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Profitable Bridal Shop!
Asking Price:
$134,500

Gross Revenue:
$325,000
Cash Flow:
$45,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$170,000
included in asking price

FF&E:
$20,000
included in asking price

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Business Description

This Bridal shop is located on a very busy street, 35,000 cars a day, features a huge window display of gowns and dresses. Year after year this is one of the busiest bridal shops in all of Chicago and offers an enormous selection of dresses with over 600 on display. It’s largest competitor just went out of business last fall, as well as David’s Bridal closed 7 local stores and sales here are increasing month after month. This bridal shop has a very strong online sales and marketing strategy which is included in the purchase. This business has proven to be recession proof and is currently selling below inventory price!

About the Business

Location:
East Dundee, Illinois
Year Established:
2005
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$2,100.00 Per Month
Lease Expiration:
12/31/2021
Facilities:
It has a reception area, two large show rooms of dresses and gowns, large sitting area with 2 dressing rooms, lay away area, seamstress room and lots of storage space for the extensive selection of dresses and gowns.
Market Outlook/
Competition:
Long established bridal shop in the Chicago area with many repeat customers. David's Bridal with 7 locations are now closed, additionally its main competitor Shelly's Bridal has closed as well.
Growth & Expansion:
Sales have been growing year after year 3+ years running. There is plenty of room to add additional dressing rooms/area to accommodate more groups at the same time. HUGE Growth with 8 Chicagoland bridal shops closed!!!
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About the Sale

Reason For Selling:
Planning to relocate outside of Illinois.
Training/Support:
Seller will train 80 hours, seller is willing to assist on going.
Seller Financing:
Up to 50% based on down payment and credit approval

Listing Info

ID:
1631593
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  20140312182531.pdf (182 KB)
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Business Listed by

Mr. Tracy A. Burnidge

Turnkey Business Brokers, Inc.
License# 310001447

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