Bridal Shop and More! Price Reduced

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Bridal Shop and More!
Asking Price:
$199,500

Gross Revenue:
$391,482
Cash Flow:
$77,729
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$117,237
included in asking price

FF&E:
$11,920
included in asking price

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Business Description

Turn-Key Established Bridal Shop & More: The business was founded in 1996 and has well known name recognition for beautiful Prom, Homecoming and Formal Wear in the Treasure Valley. Owners are selling because they do not have enough time in their busy schedules and want to slow down a bit. They have a lot of repeat customers for all of “Life’s Milestones” that are important.

-Excellent mall location with lots of foot traffic visiting the mall when they are in town and many travel from out of town to buy dresses there.
-Convenient service of providing alterations for dresses bought in the store.
-Offers Quinceanera Dresses and complete packages for Birthday Parties -A One Stop Shop for dresses, flowers, Bible, Guestbook, Photo Albums and accessories. The Hispanic customer base is large and their dresses appeal to customers of many backgrounds.
-Business offers a 5 month Lay-Away-Plan so customers can make 5 equal payments on their Bridal or Quinceanera Dresses.
-Business is an Authorized Retailer for many Famous & Top Designers including Bill Levkoff, Mary’s and Terani.
-Customers tell the staff regularly that they have Beautiful and Unique Dresses that can’t be found anywhere else and that other places dresses are not as special. Their dresses Stand Out and Make a Statement!
-And for the Men, they have suit & tuxedo rentals in great designer names including; Ralph Lauren, Michael Kors and Stephen Geoffrey.
-Financials shown for 2017 are a 10 month tax return and an estimated ending inventory is used.
-Seller is moving out of the area to be closer to Son!

Prospective Buyers must sign a Confidentiality Agreement as well as provide proof of funding!
This business would be a great “family run operation”! Give us a call today!

About the Business

Year Established:
1996
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
4,509
Lease Amount/Mo.:
$4,167.00
Lease Expiration:
12/31/2019
Facilities:
4,509 sq. ft. retail space in a mall location.
Market Outlook/
Competition:
Well known in town and the surrounding area. Great reputation and has been in operation for 22 years.
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About the Sale

Reason For Selling:
Seller is moving out of state to be closer to Son!
Training/Support:
Seller will train for 4 weeks at no cost!

Listing Info

ID:
1541931
Ad Detail Views:
227

Attached Files Attachment Disclaimer

  Confidentiality Agreement (240 KB)
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Business Listed by

Gary Spiers

Coldwell Banker Tomlinson Group
License# SP26865

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