Bridal & Tuxedo Store for sale (reduced price)

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Asking Price:
$60,900

Gross Revenue:
$436,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$50,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Reduced price for quick sale. Locate in busy shopping center with ample parking lot, this shop is well known in the community and have been served people here for years as it was established since 1994 with lots of loyal clienteles. Current owner has working hard to build up the business reputation over the years, now they want to retire and to hand off this successful business to the right type of owner whom would continue to serve and to care for the loyal customers and with the use of social media and online advertisement, that potentially creates more new clients since the current owner has never done this before. Owner is consider Owner's Financing option for qualified Buyer. For more details of location, showing inside the shop and business financial performance, prospective buyer/inquirer must complete the attached Non-Disclosure Agreement for the Listing Broker in order to receive the request information.

About the Business

Year Established:
1994
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
2,229
Rent:
$5,469.00 Per Month
Lease Expiration:
4/30/2020
Facilities:
Building size 2229 SF with front store, Test & Show rooms, Seamstress work-station and stockroom. Inventory of variety of wedding gowns, tuxedos, shoes, accessories, computers, printers, sewing machines, sort-machine ...etc which included in the sale of the business.
Market Outlook/
Competition:
This shop is established since 1994 and well known in the community with lots of referrals from one generation to the next on wedding's gown, tuxedos with Seamstress onsite to make alteration upon requests. Reliability, reputable and experience to cater to client's needs are what has been done here for years and that creates loyal customers. Only 2 other shops are located in immediate area, however, they were established much recently and has not been a factor to effect this shop established clienteles.
Growth & Expansion:
Great potential to grow with more clients since the current owner has never utilized the Social Media platform or the Online Advertisement to promote the shop business beside the website to have the only web's present of the business. New owner can maximize more clienteles and sale/service volume by promoting the business over the web and social media to attract more new clients while maintaining the great level of service to the customers/clients.
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About the Sale

Reason For Selling:
Retire
Training/Support:
Owner will remain up to 2 weeks to assist new owner/buyer to familiar with the daily operation of the business if requested.
Seller Financing:
Case to case basic to qualified buyer.

Listing Info

ID:
1546311
Ad Detail Views:
258

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Business Listed by

Tony Nguyen

Cardinal Realty Partners

 Show Phone Number

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