Asking Price: $134,500 Gross Revenue: $325,000Cash Flow: $45,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $170,000 included in asking priceFF&E: $20,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
East Dundee, Illinois
Number of Employees:
Building Sq. Ft.:
$2,100.00 Per Month
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.
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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or stake in the sale of this business and has not verified any of the information
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